Việt Nam News

 Key advantages that have driven national growth will not lost much longer, and policy breakthroughs are needed to unleash the nation’s ‘inner potential,’ a senior Party official said yesterday.

In order to transform household businesses into enterprises, it is necessary to use “economic levers” rather than “administrative orders”, said Phan Đức Hiếu, deputy director of the Central Institute for Economic Management (CIEM) in a Hà Nội based conference yesterday.

The State Securities Commission of Việt Nam (SSC) will tighten the supervision of the securities transaction activities of both domestic and foreign investors in the national stock exchanges to ensure the market's transparency and efficiency in operating.

Shares fell in both local markets on Tuesday as large-cap stocks were hit by strong profit-taking from investors.

The Australian Chamber of Commerce in Việt Nam on Monday worked with Hậu Giang to study investment opportunities in the southern province.

The country has seen an estimated 6.2 million international visitors in the first half of this year, up 30.2 per cent year-on-year, the General Statistics Office (GSO) reported.

Around 100 large household businesses in the country are contributing to a quarter of the country’s gross domestic product (GDP), the Việt Nam Chamber of Commerce and Industry (VCCI) said.

The increase was thanks to the positive influence of support policies and effective trade promotion.

Total FDI registered in the country in the period reached $19.22 billion, surging by a significant 54.8 per cent against the same period last year.

The US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations on the import of fine denier polyester staple fibre from China, India, Republic of Korea, Taiwan and Việt Nam.

Most State-owned enterprises still face difficulties after equitisation due to a lack of change in management, delegates heard at a seminar on Friday.

HCM City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.

Sài Gòn Thương Tín Commercial Joint Stock Bank (Sacombank) will established three affiliates in the period of 2017-2020, the bank said.

Deputy Prime Minister Vương Đình Huệ on Monday worked with the World Bank to consult about policy making in trade facilitation, logistics development and the national single window mechanism.

Garment 10 Joint Stock Company (Garco 10) plans to bring its textile products to Japan market through Uniqlo and Aeon.

Shares advanced on both local markets on Monday as investor confidence was bolstered by positive business news from listed companies.

The capitalisation of the Unlisted Public Company Market (UPCoM) has rocketed 100 times to reach VNĐ444 trillion (US$19.73 billion) after eight years of operation.

The total number of malware samples targeting smart devices has reached more than 7,000, with over half of these emerging in 2017, according to Kaspersky Lab’s researchers.