Việt Nam News

Việt Nam is likely to reach total export turnover of US$200 billion for 2017, increasing more than 13 per cent from last year and exceeding the set target, deputy minister of Industry and Trade Đỗ Thắng Hải claimed at a meeting in Hà Nội yesterday.

The increasingly important role an arbitration court plays in facilitating trade and investment was highlighted at a seminar jointly held by Vietnamese and South Korean legal entities in Ha Noi on Thursday.

Commercial banks have performed well in the first half of 2017 (H1), and business results show that many have already met more than half their annual profit targets.

Investment in industrial parks (IP) and export processing zones (EPZ) rose more than 39 per cent year-on-year in the first half of the year to US$384.3 million, according to the HCM City Export Processing and Industrial Zones Authority (Hepza).

Financial and monetary policies will play significant roles in supporting economic growth in the remaining months of this year and the central bank should have policies to direct the capital flow into production and business, heard a conference held by the Ministry of Planning and Investment on Friday.

Shares fell on both local markets on Friday, ending a three-day rise as investors increased selling to lock in short-term profits for their portfolios.

IDM Edu Việt Nam has launched a professional digital marketing training programme in collaboration with Ireland’s Digital Marketing Institute.

Vietnamese technology corporation CMC on Wednesday announced its strategy to expand its reach in international markets with the foundation of CMC Global.

The country’s telecom revenue is estimated at VNĐ213.36 trillion (US$9.36 billion) in the first six months of the year, excluding Viettel’s business overseas, equal to 47.41 per cent of the plan for the year.

The Centre for Social Initiatives Promotion (CSIP) and the Việt Nam Club for Management and Start-up on July 14 launched a programme in HCM City dubbed Én Xanh 2017 to honour social business initiatives.

 The Governor of the State Bank of Việt Nam has requested the Government to allow banks to keep the original registration papers of vehicles bought by paying instalments.

Hà Nam Province has attracted 46 projects, including 10 foreign direct investment (FDI) projects, with a total registered capital of nearly US$194 million, so far this year.

The HCM and Hà Nội stock exchanges organised 32 auctions in the first half of this year, the State Securities Commission (SSC) has reported.

The southern province of Bình Phước has attracted eight foreign direct investment (FDI) projects with combined registered capital of US$31.8 million in the first six months of this year.

Vietnamese private rice exporters will be allowed to participate in the bidding for the supply contract of 250,000 tonnes of rice to Philippines on July 25.

World Bank on Thursday released its bi-annual report on Việt Nam’s economy, keeping its country GDP forecast of 6.3 per cent this year following an economic bounce in the second quarter.

Urbanisation brings rural consumers, accounting for 68 per cent of the country’s 90 million people, closer to their counterparts living in towns and big cities and to a diversified media world, according to Nielsen’s recent Rural Mythbuster study.

The Italian Trade Agency, the National Association of Manufacturers of Footwear, Leather Goods and Tanning Technologies and the Việt Nam Leather, Footwear and Handbag Association (LEFASO) inaugurated the Italy-Việt Nam Footwear Technology Centre at the Lefaso Centre in Bình Dương Province’s Dĩ An District on July 12.