Việt Nam News

Despite market turbulence, the Vietnamese stock market experienced a gain on Monday. However, cautious investors were evident as the reserved cash flow indicated their wariness amidst the volatile market conditions.

Multinational corporations are focusing on investing in manufacturing plants in countries such as India, Mexico, Brazil, which increases competitors in Việt Nam's main export markets.

The northern province of Bắc Giang is actively promoting non-cash payments, vigorously advancing digital transformation initiatives at the local level.

"The semiconductor industry is a foundational sector and, more importantly, a critical national industry for the next 30-50 years," Minister of Information and Communications said.

The Make-in-Vietnam 2023 Digital Technology Product Award selected 43 companies with excellent products.

The centre will attract talents from around the world to contribute to the development of Việt Nam's semiconductor ecosystem and artificial intelligence (AI), and promoting startups, thus boosting digitalisation in the country.

Bạc Liêu Province has taken efforts to develop more products under the national “One Commune-One Product” programme and promote their sales to increase rural incomes.

While Việt Nam has admittedly gained momentum in agricultural exports in recent years, which rose to a record US$53.22 billion in 2022, many of its food processing companies have reportedly lost out to competitors due to their slow implementation of sustainability commitments.

It is expected that at least five securities companies will raise their charter capital in the near future, with a total value of approximately VNĐ13.4 trillion (US$553 million).

The proposal has raised controversy in the public, as there is definitely a contradiction within the draft encouraging policy. 

Domestic airlines see recoveries in revenues but the sharp increase in input costs undermine their profits, which makes it difficult to recover the accumulated losses incurred during the pandemic.

Deputy Prime Minister Trần Lưu Quang ordered the Ministry of Planning and Investment (MPI) to co-ordinate with localities to strengthen State management over investment, and strengthen post-investment support to minimise and prevent conflicts with foreign investors.

The highlight lifting the market last week was the strength of domestic cash flows, shadowing the record net outflow of foreign capital. Experts believe it is likely to support the market this week.

International journalists have had the opportunity to experience the journey of high-quality Vietnamese coffee beans from the nurseries to the hands of farmers through programmes supporting replanting and sustainable coffee production.

Minister of Industry and Trade Nguyễn Hồng Diên, while chairing a conference last week on enhancing economic and trade cooperation of Việt Nam’s northern border provinces with China, said the strategic advantages of the nearly 400 km land border shared by China and Việt Nam offers unique opportunities for economic development, particularly in the trade economy of border areas and gates.

Against the backdrop of a rapidly evolving economic landscape, Hà Nội, Vietnam's capital city, has experienced a remarkable surge in foreign direct investment (FDI).

The plastic industry is currently experiencing a decline in revenue, but there are notable differences in profit performance among enterprises.

More measures are needed to encourage and improve market access for domestic enterprises, especially small and medium-sized enterprises (SMEs) that account for 97 per cent of the country's total businesses, experts said at a seminar entitled "The ASEAN Market: From Initiative to Action" in HCM City on Friday.