Việt Nam News

Prime Minister Phạm Minh Chính has ordered the State Bank of Việt Nam (SBV) and the Ministry of Finance to report the findings of an investigation into bancassurance operations by the end of July.

During the reviewed period, foreign investors pumped US$16.24 billion into the country, up 4.5 per cent year-on-year, the FIA said.

Both benchmark indices set another weekly gain last week, of which the VN-Index climbed 1.1 per cent and topped the key level of 1,200 points.

Samsung's major projects in Việt Nam are concentrated in Bắc Ninh, Thái Nguyên, and HCM City, with total registered investment capital of nearly US$19.8 billion.

Designer brands have joined HCM City’s promotion programme “Shopping Season”, taking place between August 25 and 27.

Việt Nam’s luxury coastal real estate market is facing significant challenges due to excess inventory and liquidity issues, industry insiders said.

The project has a total preliminary cost of VNĐ1.17 trillion (US$79.4 million), plus compensation and resettlement support costs of VNĐ277.3 billion, and a total land area of about 218.96 ha.

Việt Nam's property market has been experiencing a downturn for nearly a year, leading to concerns about its impact on banks and the overall economy.

VinFast's US factory project is the first electric vehicle manufacturing facility in North Carolina, as well as the largest economic development initiative in the state's history.

Investors should buy in stocks of businesses with strong resilience in the second half of this year, amid the context that the stock market is entering a growth momentum.

The HCM City People's Committee has instructed relevant agencies to incorporate social and worker housing projects into the city’s investment stimulus programme and streamline administrative procedures to help achieve the target of building at least one million social units by 2030.

Fruit and vegetable exports have been worth US$3.25 billion in the year-to-date, a 68.8 per cent increase year-on-year and already in excess of the 2022 figure of $3.16 billion.

According to Statista market research company of Germany, online sales will account for about one-tenth of Việt Nam’s total retail sales and revenue of the country’s e-commerce market will reach US$9 billion by 2025.

The proposed cost for recycling packaging in the Ministry of Natural Resources and Environment’s draft regulation are unreasonably high, which would push up prices, causing difficulties for themselves and consumers, businesses said.

Fireproof elevator shaft gates can cost businesses up to VNĐ1 billion, an unnecessary cost created by unnecessarily restrictive regulations.

Masan Group Corporation (HOSE: MSN) has released its unaudited financial results for the first half of 2023, with net revenue reaching VNĐ37.3 trillion (US$1.5 billion), an increase of 3.6 per cent versus VNĐ36 trillion ($1.5 billion) in the same period last year.

The tax authority estimated that about 112 MNEs in Việt Nam would be affected by the global minimum tax if it was applied from 2024.

Unlike previous years, the State Bank of Vietnam (SBV) this year allocated the credit growth quota of around 14 per cent in the whole year of 2023 for commercial banks right at the beginning of July 2023 with an aim to boost lending.