The northern province of Hải Dương will create favourable conditions and offer preferential policies for businesses investing in high-tech agriculture, post-harvest preservation, slaughterhouse construction and production chain development, provincial authorities said.

Prime Minister Nguyễn Xuân Phúc has asked Thailand’s TCC Group, a large retailer, to create conditions for high-quality goods and agricultural products of Việt Nam to be sold at its supermarkets. 

Nguyễn Thị Hồng, deputy governor of the State Bank of Việt Nam, said as of May end bank credit had grown at 6.58 per cent in the year-to-date, an eight-year high.

An independent agency should be founded to review business conditions and strongly cut regulations which are burdening businesses and weighing down the entire economy, according to experts.

Vietnamese rice prices have recently increased strongly in both domestic and foreign markets due to high demand and limited supply. 

Việt Nam’s plant protection product market is valued at US$1 billion a year, but the country is still heavily dependent on imports.

The share market is set to remain positive this week, but trading could prove to be bouncy for lack of supporting business information, experts say.

Hùng Vương Corporation (HVG), one of the biggest seafood processors in Việt Nam, has reported a nearly six-time increase in its reviewed loss for the first half of the financial year.

Trường Thành Furniture Corporation may issue 100 million shares, worth VNĐ1 trillion (US$44.4 million), to raise capital for restructuring its debt and improving production.

The Việt Nam Securities Depository (VSD) could become the supervisor of trading on the derivatives market, along with the State Securities Commission (SSC) and the two local stock exchanges.

Agribank Securities JSC (Agriseco) on Friday appointed its chief executive officer (CEO) to become the new chairman of the management board.

Local shares recovered on Friday from a slight fall despite foreign investors ending up as net sellers on the last day of exchange-traded funds (ETFs) portfolio review.

Farmers, already hit by record low pork prices, are facing a fresh blow with prices for many other agricultural products in the Mekong Delta province of An Giang dropping.

Investors should not expect too much from the derivatives market in the early stages despite its potential benefits, says Nguyễn  Duy Hưng, chairman of Sài Gòn Securities Inc.

To successfully deploy big data in the banking sector, there must be a comprehensive strategy using professional teams who have deep understanding of both finance and technology, said Nguyễn Kim Anh, Deputy Governor of State Bank of Việt Nam.

The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held on Friday in Hà Nội.

A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VNĐ124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.

Việt Nam and Indonesia boast huge potential in energy collaboration, Indonesian Ambassador to Việt Nam, Ibnu Hadi, said at a conference held in Hà Nội yesterday.