Việt Nam News

HCM City and Hà Nội, the two major cities in Việt Nam, have recently been acknowledged as emerging cities in the Asia Pacific region by Cushman & Wakefield.

A survey on production and business trends in the manufacturing, processing and construction industries for Q2 and forecast for Q3 released last week revealed that 82.9 per cent of businesses expect improved/stable business activities in the third quarter compared to the second quarter.

Aside from harnessing domestic resources, it is important to attract foreign investment to optimise the potential and advantages of ethnic minority and mountainous areas, according to experts.

The State Bank of Việt Nam said that credit tends to increase faster in the second half of the year. If the growth rate is maintained, the credit growth target set at 15 per cent for the full year might be within reach.

The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax to encourage environmental protection and sustainable development

From now through the end of this year it would be in the exploration stage, and buyers’ priorities are meeting actual housing needs, clear legal status for properties and good financial support policies, stable rental incomes, and optimising costs when buying.

The retail sale prices of petrol and other fuels were adjusted up from 3pm on July 4 by the Ministry of Industry and Trade and the Ministry of Finance.

Several auditors at auditing firm Deloitte Vietnam have been suspended by the State Securities Commission for dereliction of duty in the Saigon Commercial Joint Stock Bank (SCB) scam. 

At a workshop on solutions to protect bank customers held in Hà Nội, SBV Deputy Governor Phạm Tiến Dũng said the banking industry has made continuous efforts and closely coordinated with relevant ministries and branches in the digital transformation process, with some notable achievements.

During most of the day, VN-Index traded above the reference level. Even though the afternoon session recorded strong selling pressure, the VN-Index still ended the session higher on Thursday.

Tây Ninh Province is focusing on developing its agriculture to foster exports, especially with the issuance of codes for farming areas and packaging facilities.

Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has affirmed his confidence that Việt Nam’s agro-forestry-aquatic product exports can reach the revenue target of US$55-56 billion this year.

The Government has issued details of the direct power purchase agreement (DPPA) mechanism between renewable energy generators and large customers,  with two options being through a private power line and the national grid via EVN.

Ensuring continued stable development, maintaining the upgraded status and avoiding a downgrade were key topics discussed at the “Motivating the Stock Market Upgrade” seminar held on July 2.

Kiên Giang Province is focusing on developing its animal feed industry to meet local demand and reduce its reliance on imports.

The government and Ministry of Finance are particularly focused on improving corporate governance quality linked with ESG (Environmental, Social, and Governance) standards for listed companies.

Some 424 out of 708 listed companies on the Hanoi and Ho Chi Minh stock exchanges surveyed have complied with information disclosure norms, 60 more than last year, a survey by the 2024 IR Best Practice Awards programme has found.