Việt Nam News

Việt Nam’s stock market capitalisation on Hồ Chí Minh Stock Exchange (HOSE) as of March 31 skyrocketed 93.56 per cent year-on-year to more than VNĐ4.46 quadrillion (US$193.72 billion), HOSE said.

The General Department of Market Surveillance under the Ministry of Industry and Trade said that the market management force would focus on fighting counterfeit goods, goods that infringe intellectual property rights and goods of unknown origin on both traditional trade and digital platforms from Thursday (April 1) to the end of December 2025.

It consists of seven areas, including duty-free, tourism, administrative, residential areas, an industrial park, and the Hà Tiên International Border Gate, which leads to the Prek Chak International Border Gate on the Cambodian side, and service areas.

This move is made as COVID-19 vaccines have been widely injected around the world, Vietjet said in a statement.

Industrial property continues to be a hot segment for Việt Nam’s real estate market with mounting enquiries as manufacturers seek to mitigate risk and diversify supply chains, according to Savills Việt Nam.

The move aims to tackle system overloads which have troubled investors recently.

The Ministry of Construction (MoC) and the Ministry of Natural Resources and Environment (MONRE) have simultaneously requested provinces and cities to strengthen review of State management on land prices as there is a land fever in some localities.

Thai retailer Central Retail Corporation has unveiled a five-year plan to invest 35 billion baht (US$1.1 billion) to expand in Việt Nam.

Vietnamese and US agencies will continue their coordination in order to maintain trade ties between the two countries, towards harmonious, sustainable, and mutually beneficial trade balance.

The market closed higher on Friday as many large-cap stocks surged and foreign investors continued to pour cash in. 

Budget carrier Vietjet Air and Vietnam Airlines have announced their international flights schedules.

Fitch Ratings has revised Việt Nam's outlook to positive from stable and affirmed the long-term foreign-currency issuer default rating (IDR) at 'BB'.

Indochina Kajima Development Limited (Indochina Kajima), a joint venture between Indochina Capital and Kajima Corporation, has started construction of a new luxury resort at Bãi Nồm Beach in the south-central province of Phú Yên.

Loans outstanding at HCM City banks have risen by 1.7 per cent for the year in the first quarter but deposits by only 0.8 per cent, according to the State Bank of Việt Nam (SBV).

A memorandum of understanding (MoU) on a partnership for the sustainable production and trade of Vietnamese pepper for 2021-2025 has been signed between the Plant Protection Department (PPD) and Sustainable Spices Initiative (SSI) and IDH Sustainable Trade Initiative (IDH).

Amid the COVID-19 pandemic, many Vietnamese enterprises in Cambodia have tried their best to stand firm and have worked towards developing their business in the “new normal”.

Digital transformation is an imperative need for businesses to recover from the effects of the Covid-19 pandemic and improve their competitiveness, experts have said.

HCM City has set itself a target of meeting 65 per cent of its demand for supporting industry products by 2025 by honouring and supporting business that invest in supporting industries.