Việt Nam News

The State Bank of Việt Nam (SBV) will closely watch credit growth and direct the credit flow into production in the remaining months of this year.

Entrepreneurs running around 100 start-ups will present their products and innovative ideas to convince investors to invest in their businesses at the 2016 Start-up Exchange to be held in HCM City at the end of this month.

The country’s total export turnover in the first seven months of the year was US$96.83 billion, representing an annual increase of 5.3 per cent, said Dương Duy Hưng, director of the Ministry of Industry and Trade’s Planning Department.

The loan-to-deposit ratio (LDR) of eight State-owned commercial banks has improved significantly in recent months, making the industry more optimistic about keeping it at a maximum of 90 per cent.

Vietnamese shares were mixed yesterday while investor confidence in the market prospects remained low, pulling market trading to its lowest level since mid-February.

Central Thừa Thiên-Huế Province yesterday granted 16 investment certificates with total investment of nearly VNĐ7.5 trillion (US$332 million) and signed six co-operation agreements with partners.

Cần Thơ City has attracted US$175.7 million of foreign direct investment (FDI) this year, including a South Korean shoe-production plant that will be the largest FDI project in the Mekong Delta region.

Ten enterprises have received approval from and have signed co-operation agreements with the northern Hà Nam Province’s People’s Committee to invest VNĐ17 trillion (US$758.9 million) there.

Activities on the island will aim to save energy, conserve the ecosystem and maintain systemic circulation. The island will also be a comfortable living space, suitable for relaxation. The traditional fishing village will continue to be maintained and developed.

Late June Thailand’s largest corporation, PTT Public Company Limited (PTT), postponed plans to build the US$20 billion Victory Nhơn Hội refinery and petrochemical complex in the south-central coastal province of Bình Định.

Việt Nam has long strived to tap its immense maritime potential to become a rich and strong country based on its marine economy. Yet this goal comes with its own challenges due to a lack of sustainable development solutions.

The fish sauce market is witnessing increasingly fierce competition between many famous brand names that use both industrial and traditional methods like Unilever, Masan Consumer, Phú Quốc, and Phan Thiết.

The local mining industry saw a decline in production growth in the first seven months of this year, which is likely to extend to the end of the year, said the General Statistics Office (GSO).

Việt Nam’s stock market was on the downswing for a week and this bearish decline is unlikely to end due to investor pessimism over market prospects that have seen a downward trend in August in the previous years.

Vietnamese mobile phone brands have been displaced from the market by high-quality foreign products and low-priced Chinese ones.

Sài Gòn Securities Inc (SSI) yesterday issued VNĐ200 billion (nearly US$8.9 million) worth of two-year non-convertible bonds with an annual yield rate of 7 per cent for the first 12 months.

Mekong Capital announced on Thursday that its Mekong Enterprise Fund III has invested in ABA Corporation, a provider of temperature-controlled transport.

Bảo Việt Holdings (BVH) has reported higher six-month revenues and profits as the domestic insurance market saw a six-year high in the first half of this year.