Việt Nam News

The US Department of Commerce (DoC) has decided to levy import tax on steel produced in Việt Nam using Chinese-origin substrate.

Auto businesses are concerned about Việt Nam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.

HCM City aims to have 40 per cent of retail sales through modern distribution channels like malls and supermarkets by 2020, and 60 per cent a decade later.

The European Union (EU) market was the largest export market of Vietnamese shrimp in the first quarter of this year, according to Việt Nam Association of Seafood Exporters and Producers (VASEP).

Leading business conglomerate Vingroup, one of the nation’s largest real estate developers and a retail sector giant, targets 34 per cent and 50 per cent increase in revenue and net profit, respectively, this year.

Close geographic distance, fast economy growths, large and young populations have been facilitating trade ties between India and CLMV countries.

Shares underperformed on Monday as money continued to withdraw from the market in face of a downtrend.

In the first four months of the year, HCM City’s Index of Industrial production (IIP) increased by 6.07 per cent compared to the same period last year, according to the city’s Department of Industry and Trade.

Siemens has identified Asia as an important future market as the rapidly developing region is in need of efficient and cost-effective power generation technologies – an area in which the German engineering giant prides itself as a leading global supplier.

The southern province of Đồng Nai attracted nearly US$690 million in 76 newly licensed and existing foreign-invested projects up to May 17.

As of May 15, Việt Nam’s export turnover reached US$82.63 billion, a year-on-year increase of 18.7 per cent, according to the statistics of the General Department of Việt Nam Customs.

Export of squid and octopus to Russia has increased sharply since early this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Many other companies too have opted to go down the equity path to raise funds rather than borrow from banks. Intriguingly, many of them have sold their stakes to strategic partners at several times higher than the market price.

The Ministry of Finance (MoF) has drafted a circular on rules and methods of collecting information and reporting market prices of some domestic goods and services.

Recent policies have underscored the Government’s efforts to improve Việt Nam’s business environment and national competitiveness.

 HCM City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.

HCM City authorities have asked the National Assembly (NA) to increase investment for the city’s first two metro lines that start near Bến Thành Market in District 1 and end at Suối Tiên Theme Park in District 9 and Tham Lương depot in District 12.  
 

Vietnamese stock markets will likely remain gloomy in the coming week as investors could maintain poor confidence amid the volatility of the market, thus keeping overall liquidity low and too weak for a market’s short-term comeback.