Việt Nam News

Buying goods through zalo, the free messaging app, is not totally new but it was used only by small companies and sellers. But during the social distancing now it has been adopted by large retailers too. 

A delay in issuing official legal regulations on managing cryptocurrencies will cause a rise in the risks of fraud and theft related to virtual assets, experts have warned.

Without a more effective business support package, the country’s goal of 6.5 per cent in gross domestic product (GDP) growth for this year will be hard to achieve as growth in the first six months of 2021 is forecast to reach only 5.8 per cent, according to experts.

The stock market settled higher on Tuesday on gains in large-cap stocks. Meanwhile, foreign investors still escaped from the market.

The Hải Dương People's Committee has approved the establishment of three new industrial clusters with a combined investment capital of more than VNĐ1.7 trillion (US$75 million). 

According to trade experts, the above-mentioned trade deficit was not a worrisome figure as enterprises ramped up their imports of input materials to meet their production demands.

Export revenue of the garment and textile sector surged 21.2 per cent year on year in the first five months of 2021 to about $15.2 billion, according to the Việt Nam Textile and Apparel Association (VITAS).

Trade in goods between Việt Nam and the European Union (EU) has seen positive growth since the beginning of 2021, despite the impact of the COVID-19 pandemic.

The Cửu Long (Mekong) Delta province of Vĩnh Long is soliciting investment in large projects that use modern and environment-friendly technologies and bring high added value.

The Việt Nam e-Commerce Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.

With credit expanding quickly in the first half of this year, the State Bank of Việt Nam (SBV) said in its press conference on Monday that the credit growth target for the full year of 2021 at 12 per cent was within reach and it might consider extending credit room if necessary.

As technology develops and demand keeps increasing in the property sector, proptech will develop in a similar way to fintech, experts have said.

Shares ended lower on Monday as profit-taking activities weighed on the stock market, while foreign investors net sold more than a trillion VND on two main exchanges.

Fresh lychees from Việt Nam have hit the shelves of a supermarket in the Netherlands and received warm response, expecting to make further inroads into this market in the time ahead.

Despite the impacts of the COVID-19 pandemic, competition between coffee chains in Việt Nam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.

Associate Professor Dr. Lê Trung Thành, head of the Vietnam Institute for Building Materials under the Ministry of Construction discusses the development of Việt Nam's eco-friendly construction materials and solutions to help the sector become sustainable in the future. 

In the last two years nearly $3 billion had been invested in warehousing and logistics.

Fertiliser prices are forecast to continue to grow for the rest of the year, caused by a number of factors including higher shipping costs, a representative of the Chemical Department said.