Stock market to benefit from unexpectedly strong domestic growth: VinaCapital

“Việt Nam’s economy is even stronger than we had expected at the beginning of the year, but that strength is not reflected by higher stock prices due to the [US’s] aggressive rate hikes and the recent regulatory crackdown in Việt Nam,” Michael Kokalari, chief economist at VinaCapital, has said in a report. 

Exhibitions seek to boost competitive edge of supporting industries

RX Tradex Vietnam has partnered with the Japan External Trade Organisation, the Investment and Trade Promotion Centre of HCM City and the HCM City Centre for Supporting Industries Development to organise METALEX Vietnam and Supporting Industry Show simultaneously in early October.

Mobile Money subscribers quadruple in six months

The Ministry of Information and Communications reported that the number of Mobile Money subscribers has quadrupled since the service was launched in January this year, 67 per cent of whom were from rural, mountainous, border, island and remote areas.

July’s retail sales of goods, services surge

Việt Nam’s retail sales of goods and services in July are estimated at VNĐ486 trillion (US$20.8 billion), up 2.4 per cent month-on-month, and 42.6 per cent year-on-year, according to the General Statistics Office.

Accuracy in SOE valuation must improve

It is essential to tackle bottlenecks in determining corporate value of State-owned enterprises to ensure the accuracy of valuation and speed up the equitisation process, according to the Ministry of Finance.

Measures taken to ensure power supply for economic recovery

The Ministry of Industry and Trade (MoIT), Vietnam Electricity (EVN), and experts share the view that power supply will be guaranteed this year, but the challenge is that demand is forecast to surge amid the post-pandemic economic recovery.

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