Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

PM approves programme to promote the development of supporting industry

Shares bounce back on bottom purchases

Vietnamese shares inched higher on Tuesday as investors snapped up beaten-down shares following a bruising selloff in the previous session.

HCM City’s 2 shopping months

Nguyễn Nguyên Phương, deputy director of the HCM City Department of Industry and Trade, talks about two promotion months HCM City will organise during the middle and end of this year to promote “consumption and shopping.”

Automaker VinFast to open more than 50 stores in Europe

Automaker VinFast announced its plan to open more than 50 stores in Europe at the 35th International Electric Vehicle Symposium and Exhibition (EVS35) in Norway on Tuesday.

Ministry reviews anti-dumping measure imposed on Chinese aluminum

The Ministry of Industry and Trade (MoIT) has announced the second review of anti-dumping measures imposed on some aluminum products from China.

Vietnamese rice noodles, glass noodles and phở noodles enter EU more easily

Vietnamese Trade Offices in Europe said on Monday that the EU has decided to exclude Vietnamese rice noodles, glass noodles and phở noodles from the category that requires additional food safety certificates when exported to the market.

US Treasury Department recognises Việt Nam’s progress in addressing currency-related concerns

The US Department of the Treasury has recognised the progress made by Việt Nam in its recently released report on macro-economic and foreign exchange policies of major trading partners of the US, the State Bank of Việt Nam (SBV) said on Monday.

Pharmaceutical industry less affected in pandemic

While most manufacturing and trading industries faced difficulties due to rising input prices, the pharmaceutical industry has been less affected.

Bank interest margins under pressure due to high inflation

Experts forecast that bank net interest margins (NIM) will decline as inflation rises next month.

Việt Nam’s economic recovery remains strong: WB

The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that economic recovery remained strong despite heightened global uncertainties.

Food exporters urged to evolve to tap into large markets

Increasing the added value of agricultural and food items will help strengthen the competitiveness of Vietnamese firms

Animal husbandry must go high-tech for export expansion

Animal husbandry in Việt Nam must apply high-tech solutions to produce products meeting quality requirements of foreign markets

Củ Chi lures investor interest with beneficial policies, location

The city’s Củ Chi District is attracting great investor interest with favourable policies, logistical advantages and future development plans.

Shares plunge on strong correction pressure

Shares started the week on a negative note, hammered by losses in multiple sectors facing strong correction pressure during the trading time.

Group-IB spots phishing campaign targeting Vietnamese victims

The Singapore-based cybersecurity firm Group-IB has spotted a mass-scale phishing campaign targetting their clients by impersonating 27 Vietnamese financial institutions.

Big M&A deals forecast in banking industry in 2022

Việt Nam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the banking industry.

Fairy tale ends for businesses investing in securities market

BUSINESS BEAT

Falling output means VN cannot export chicken to Singapore

Singapore is facing a serious shortage of chicken meat, but Vietnamese livestock companies do not have a surplus to export to the island.

Việt Nam to improve institutions to attract foreign investment

In view of the important contributions of investment capital to the local economy, Việt Nam needs immediate solutions to attract more FDI and strengthen its sources, according to experts.

Provinces turn to e-commerce to sell agricultural produce

To help sell agricultural products, many localities are working to establish linkages between businesses in the supply chain and turning their focus to e-commerce platforms.

Market to continue correction trend

The stock market marked its first weekly fall in four, with the VN-Index breaking down 1,300 points. This has led analysts to suggest that the market is likely in an inevitable correction phase.