Việt Nam News

The automobile industry of Việt Nam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to an Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.

Việt Nam has a double advantage. It can be both a consumption market for, and a manufacturing partner of Italian companies in the age of Industry 4.0, said Italian Prime Minister, Giuseppe Conte.

Vietnamese shares gained slower on Wednesday afternoon as a lack of supportive information and worries about global economy recession weighed on the market sentiment.

Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department.

In 2011-15, EVN completed divestment at its non-core businesses, earning VNĐ2.3 trillion and capital surplus of VNĐ127 billion.

Vietnamese enterprises are in dire need of capital to expand production and business, but the current development of the capital market cannot meet this demand. While the stock market and government bonds are gradually helping raise capital, the corporate bond channel has not developed as expected. Đỗ Ngọc Quỳnh, general secretary of the Việt Nam Bond Market Association, spoke with the Vietnam News Agency about the mechanism's inadequacies, credit ratings and information disclosure on the capital market

Export growth rebounded sharply in April, up 10.4 per cent year-on-year, while May’s industrial production index increased by 10 per cent year-on-year.

Forty Vietnamese enterprises will join a business trip to explore export opportunities in the Chinese cities Nanning and Kunming from June 10-13.

The Central Power Corporation (CPC) under the Vietnam Electricity (EVN) has paid nearly VNĐ1 billion (US$43,000) to buy solar power from 134 residential roof-top systems in the central and Central Highlands regions since 2018.

Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.

Việt Nam is among the top countries in attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small and medium-sized enterprises participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of HCM City.

The country’s fine art and handicraft exports experienced a significant increase of 50 per cent to reach US$45 million in May, according to statistics from the General Department of Customs. 

The Ministry of Industry and Trade (MoIT) will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports, it said.

HCM CITY will organise an auction to seek investors for the right to use nine land plots in the Thủ Thiêm new urban area in District 2.

The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Việt Nam will make it this year despite efforts made to improve market conditions.

An auction for leasing advertising space on HCM City buses will now be held between June 21 and July 18 following four previous unsuccessful attempts.