Việt Nam News

The country’s stable growth rate and improved business and investment environment over a long period has enticed large French corporations to invest or expand their projects in Việt Nam.

The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 89,500 tonnes of sugar this year.

The Việt Nam Glass and Ceramics for Construction Corporation (Viglacera) opened a factory that will produce the first made-in-Việt Nam energy-efficient glass in the southern Bình Dương Province yesterday.

Taiwan’s Chin Li Plastic Industrial Co Ltd yesterday launched the construction of a factory to make shoe soles in the southern Bình Dương Province.

The agroforestry-fisheries export turnover in July was estimated at US$2.64 billion, lifting the sector’s export value in the first seven months to reach $17.8 billion, up 5.1 per cent year-on-year.

The Ministry of Trade and Industry is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials and losing out on profits and competitiveness.

Foreign direct investment (FDI) registered in HCM City has decreased by 65 per cent year-on-year, according to the municipal Statistics Office.

Vietinbank Securities Corp (VietinbankSC) has issued nearly 6.7 million shares to more than 3,700 shareholders as dividends for the company’s performance last year, the company said in a statement yesterday.

Vietnamese shares ended down slightly yesterday, falling for a fifth day on both local exchanges as investors remained cautious towards the current market slowdown.

The Ministry of Transport divested from several companies following Government directives, gaining more than VNĐ2 trillion (US$88.9 million) during the first half of this year, said an official from the ministry.

HCM City has exported 8.6 million ornamental fishes in the first seven months of the year, an 18.2 per cent increase year-on-year, according to its Department of Agriculture and Rural Development.

Though the bad debt ratio of the banking system has been reported to drop to below 3 per cent of its outstanding loans, how to deal with the amount of bad debt stuck at the Việt Nam Asset Management Company (VAMC) is still a troublesome job.

Samil CTS Vina Co Ltd of the Republic of Korea (RoK), which specialises in producing computers and computer peripherals, inaugurated a plant and a research and development (R&D) centre in the Yên Phong Industrial Park, northern Bắc Ninh province on Friday.

The Việt Nam Creative Festival 2016, which seeks to promote creative sectors in the country, will be organised in HCM City at the beginning of October this year.

In Việt Nam, there are now 18 open-ended funds, including five debt funds, four balanced funds and nine equity funds, that have over VNĐ2.4 trillion (overUS$106.66 million) under management.

Local textile and garment enterprises are at risk of missing their export target for 2016 due to reduced competitive ability and lack of export orders, said experts who spoke at a conference of Việt Nam Textile and Apparel Association (VITAS) late last week in Hà Nội.

Việt Nam’s consumer price index (CPI) rose a modest 0.13 per cent month-on-month in July, the lowest increase since February 2016, the General Statistics Office (GSO) announced.

Vietnamese shares may continue declining this week, as investors display more caution after the markets declined over the last four days, and as investors await news from the US central bank’s meeting on possible interest rate increases.