Việt Nam News

The property market will continue recovering but experts told an online forum held by Đầu Tư (Investment) newspaper yesterday that they do not expect breakthroughs in the second half of this year.

The budget deficit in the first half of the year hit VNĐ82.9 trillion (US$3.7 billion) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

Việt Nam’s retail market is promising, but local businesses must strengthen operations in order to compete with international investors right in the home market.

IFC, a member of the World Bank Group, and the Singapore-based Armstrong S.E. Clean Energy Fund announced investments in the Gia Lai Electricity Joint Stock Company (GEC) on June 30.

The Ministry of Planning and Investment will continue to draft a law designed to overcome difficulties in conducting business in Việt Nam, after a set of new laws and decrees just took effect yesterday.

Improving enforcement of intellectual property (IP) rights is now high on the Government’s agenda as part of its efforts to uphold international IP commitments, especially those in the Trans-Pacific Partnership (TPP) trade agreement.

HCM City and Cửu Long (Mekong) Delta provinces should diversify the way they solicit investment from each other and promote trade and tourism, and draft specific plans to improve co-operation.

Vietnamese consumers spend, on average, 24 hours and seven minutes online per week, an equivalent of three working days - an increase of almost nine hours from 2014

Vietnamese shares advanced yesterday as investors counted on a positive outlook for the global economy and companies’ second-quarter performance.

Việt Nam Gold Trading Association (VGTA) asked the State Bank of Việt Nam to allow local producers of gold jewelry and fine art to import gold materials.

All enterprises should have equal access to city resources, regardless of size, type or industry, the deputy chairman of HCM City’s People’s Committee said.

Vietnamese shares were mixed yesterday while investors became more confident in property companies on expectations of higher second-quarter performances.

Credit in the first half of this year rose 6.2 per cent in comparison with the end of last year, according to the General Statistics Office.

International arrivals to Việt Nam reached more than 4.7 million in the first half of 2016, a year-on-year increase of 21.3 per cent. 

Government policies must be business-friendly to encourage investment, Minister of Planning and Investment Nguyễn Chí Dũng said at a dialogue on the 2016 investment policy on Tuesday.

A Korea-Việt Nam forum to strengthen co-operation between their electrical industries was held in HCM City yesterday with more than 40 firms taking part.

Registration of geographical indications (GIs) is a good way to protect trademarks, improve a business’ position in the world market and easily enter demanding markets, including the EU, experts said. 

Yarn producer Damsan traded over 16 million shares (ADS) on the HCM Stock Exchange at the reference price of VNĐ17,000 per share yesterday.