A conference on promoting investment for Korean businesses in Hòa Lạc Hi-tech Park was held in Hà Nội yesterday.

The Ministry of Industry and Trade on Thursday worked with petrol wholesalers on the roadmap to replace RON 92 petrol with E5 bio-fuel from 2018.

The People’s Committee of Hà Nội has proposed regulations related to underground parking space in high-rises to the municipal People’s Council, which will be approved in a meeting in July.

The rapid urbanisation of Việt Nam, together with a boom in the number of high-rise buildings, is pushing local building management firms to be more professional in order to compete with foreign rivals.

The central city has introduced the first chains of safety farm produce store in the downtown in attaining the Việt Nam Agriculture Practice (VietGAP) green label certificate.

Việt Nam has become the 100th member to join the Inclusive Framework (IF) on Base Erosion and Profit Shifting (BEPS), the General Department of Taxation announced.

The International Monetary Fund (IMF) has forecast Việt Nam's economic growth at 6.3 per cent in 2017 against the Government’s 6.7 per cent target, but noted that ambitious reforms could raise the country’s growth potential.

Hà Nội's municipal Department of Industry and Trade is implementing a pilot project to enhance the management of fresh fruit stores in the downtown districts of the city.

Prime Minister Nguyễn Xuân Phúc expressed hope that Germany, as the largest economy and an influential member of the European Union (EU), will help attract global resources into Việt Nam.

If the shrimp industry does not change it will be unable to export and will also need to be rescued like its pork, dragon fruit and watermelon counterparts, a seminar on establishing a disease-free shrimp production chain for export heard in HCM City on July 5.

Both foreign and domestic banks are racing to develop retail sales strategies in Việt Nam.

Foreign investors posted a net buy value of VNĐ9.2 trillion (US$408.9 million) in the first half of 2017, beating the record VNĐ8 trillion made in the first seven months of 2008.

The benchmark VN-Index surpassed the short-term resistance of 780 points on Thursday, closing up 0.56 per cent at 782.65 points, thanks to strong investor confidence in the market outlook.

HCM City’s People’s Committee has proposed the Prime Minister to approve the selection of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, website enternews.vn reported.

Around 130 companies are showcasing their products at the Tôn Vinh Hàng Việt (Honouring Vietnamese goods) fair that opened in HCM City yesterday.

Việt Nam’s garment and textile revenue increased for the first half of this year but experts said the growth has not yet become sustainable.

Growth in beverage sales in HCM City in the first half of the year slowed down to 2 per cent, according to the Department of Trade and Industry.

The total loans of the banking system are expected to grow by 16.33 per cent in 2017 against December last year, lower than the Government’s limit of 18 per cent.