Việt Nam News

The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges.

Vietnam Texfuture 2023 Fall Winter, an international innovative fabric exhibition, opened in HCM City on September 20.

Việt Nam's fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year.

The proportion of food - beverage businesses maintaining revenue growth has decreased in most distribution channels this year.

For future public projects, ministries and agencies must study their feasibility carefully, especially in site clearance and planning to prevent failure in disbursement.

Prime Minister Phạm Minh Chính suggested Việt Nam and the US create breakthroughs in cooperation in science-technology, innovation, and education-training at a meeting with US Trade Representative Katherine Tai in Washington D.C. on September 19.

Addressing a press conference on September 19, Vice Director of the department Lê Thị Thục said a Đà Nẵng – Seoul innovation space will be launched at the event, aiming to connect the innovation startup ecosystems of Đà Nẵng and the Korean city.

Rikkeisoft, the largest private technology company in Việt Nam, specialising in helping customers with digitalisation and innovative solutions, is embarking on a strategic commitment to invest up to US$30 million in the US within the next three years.

Prime Minister Phạm Minh Chính had a working lunch with chief executive officers of leading US enterprises in the semiconductor industry in Washington DC on September 19 morning (local time).

Three years since the COVID-19 pandemic, Việt Nam has made significant progress on economic recovery, building a strong foundation and momentum for future growth and development. However, underlying issues remained to be addressed to fully unleash the country's potential, said participants at the Việt Nam Socio-Economic Forum 2023 yesterday in Hà Nội.

Việt Nam holds the 5th place among the rice exporters to the North American country.

Unveiled by Decision Lab, the exclusive partner of YouGov in Việt Nam, the ranking is based on data from YouGov BrandIndex, a syndicated brand tracker that collects data on over 400 Vietnamese brands daily. This is also the first automotive ranking in the Vietnamese market.

Việt Nam still has a long way to go in reducing its greenhouse emissions, despite making significant progress in the development of green buildings in recent decades, said deputy minister of construction Nguyễn Tường Văn at a conference in Hà Nội yesterday.

If a system of tax credits for the facilities is too complicated to establish, the ministry could push the National Assembly for the abolishment of the environmental tariffs and set the fee mechanism introduced by the decree into motion.

The temporary suspend of automatic order placement services, or high-frequency trading (HFT), is neccessary in the short term, given the recent technological infrastructure capacity of the stock market, but regulators need to allow the deployment of this services in the future.

The market was little changed on Tuesday with the VN-Index still hovering above the threshold of 1,200 points, while foreign investors were still net sellers.

Sporting goods giants Adidas and Nike have chosen Việt Nam as a main production base for their global supply chains. The 2020 report of Adidas said 98 per cent of its production is located in Asia, with Việt Nam making up 40 per cent.

Prime Minister Phạm Minh Chính on Monday afternoon (local time) paid a visit to Silicon Valley, engaging with leading technology companies in the US and worldwide.