Việt Nam News

Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year.

The development of e-contracts in Việt Nam is crucial to the country’s digital economy, helping businesses to effectively manage and save costs and time while creating a professional working environment.

Vietnamese automaker VinFast is continuing its planned expansion into the US with a $2-billion plant in North Carolina, as well as shifting its legal and financial headquarters to Singapore ahead of a potential public listing.

The opportunities are plentiful for countries to move up the global value chain, said Riccardo Crescenzi, Professor of Economic Geography at London School of Economics, at a press conference announcing the report “Climbing up global value chains: Leveraging FDI for economic development” this week.

The way people buy and consume goods has changed a great deal after the COVID-19 pandemic, and enterprises should understand this to develop suitable products, a seminar heard in HCM City on June 17.

The northern province of Vĩnh Phúc will call for further Japanese investment at a conference to be held in Vĩnh Yên City on June 23, the provincial People's Committee has announced. 

The 2022 Vietnam Motor Show will take place in October in HCM City.

Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.

Vietnamese shares ended the week on a negative note, dragged by banking and securities stocks.

At the Australia – Việt Nam Business Cooperation Forum held in HCM City on Thursday companies from the two countries discussed co-operation and technology transfer in areas like clean energy, hi-tech agriculture and digital transformation applications.

The move showed the effective COVID-19 prevention and control of the two countries, and the recovery of the Chinese aviation market - an important market of Vietnamese airlines, CAAV said. 

After the proposal to cut the petrol price stabilisation fund and import tax, the Ministry of Finance (MoF) has announced plans to cut the environmental tax on fuel.

One out of three businesses considered kickbacks a norm in bidding, especially for contracts financed by the State budget according to the latest report by the Vietnam Chamber of Commerce and Industry (VCCI) and the United Nations Development Programme (UNDP).

Developing a modern processing and preservation industry is vital for the agricultural sector to increase the added value of farm produce and expand exports.

Statistics from the Ministry of Industry and Trade revealed that Việt Nam exported US$2.24 billion worth of goods to Africa in 2021, up 20.4 per cent year-on-year. The country's exports to the bloc in the first five months of 2022 saw a modest yearly decline of 3 per cent to $1.15 billion.

To help take Vietnamese lychee exports to the next level, a seminar entitled “Vietnamese lychees go global” was held in Hà Nội to support and promote the global brand name of the popular Vietnamese fruit. 

The national flag carrier Việt Nam Airlines will officially resume operations to and from Terminal 4 of London Heathrow Airport in the UK from June 22.

Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Việt Nam to fully tap high-quality and low-cost human resources.