Việt Nam News

Many kinds of Vietnamese products are favoured by Australian customers, but their export turnover (to the Australian market) remains meagre, it was reported at a seminar on business and investment opportunities in the Australian market held in HCM City last week.

Amid growing concerns in Việt Nam about unsafe food, many foreign and local firms are exploring opportunities to produce safe food in the country.

Regulations banning the use of profits from property alienation to cover losses in other businesses discourage property firms from expanding their investments and make tax policies seem unfair, experts said.

The southern province of Đồng Nai generated more than US$4.7 billion from exports in the past four months, up 5 per cent year-on-year, according to the provincial People’s Committee.

The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said.

As of April 2016, Singaporean businesses have 1,600 projects in Việt Nam, capitalized at approximately US$36.3 billion, ranking third among 114 countries and territories investing in the country, statistics from the Foreign Investment Agency (FIA) revealed.

Saigon Securities Inc (SSI) officials said they saw potential growth of the domestic stock market in the next two quarters of this year.

Vietnamese shares yesterday again closed mixed on the two local exchanges, erasing gains made earlier during the day while a recent sharp increase in oil prices boosted energy stocks.

Cement and clinker consumption in the country grew over 15 per cent, to 24 million tonnes, from the beginning of this year, meeting 32 per cent of the year’s target.

The sustainable development of the cashew industry will require replacement of old trees with high-quality seedlings, transfer of advanced farming techniques, and intercropping methods, the Department of Crop Production has said.

The price of fruit in the Cửu Long (Mekong) Delta has risen recently as the impact of drought and salination has caused fruit output to decline while demand has increased.

Fair trade is now one of the most important concerns for European Union (EU) consumers, along with concern for sustainable development, a Ministry of Trade and Industry official said.

The fourth annual Startup Wheel 2016 contest was launched on Wednesday by the HCM City Youth Federation’s Business Startup Support Centre (BSSC) in co-operation with the HCM City Young Business People Association (YBA).

The Hà Nội Stock Exchange (HNX) will divide stocks on the official unlisted market (UPCoM) into two sets from June 24.

Enterprises who engage in inclusive business could tap into new markets and ensure their business efficiency, according to a conference held in the capital city on Wednesday.

The Trans Pacific Partnership (TPP) and ASEAN Economic Community (AEC) are expected to offer more market opportunities for insurance companies in Việt Nam, but will also present tough challenges in a more competitive international environment.

Demand for organic farm produce has increased significantly both in Việt Nam and globally, and this offers good prospects for businesses investing in the field, a seminar heard in HCM City yesterday (Thursday).

Local ministries and agencies have affirmed that they would continuously verify information related to Vietnamese persons and companies listed in the Panama Papers, and act on the information.