Việt Nam News

Việt Nam has welcomed the decision of the United States Trade Representative (USTR) not to take trade action in connection with the investigation into Việt Nam’s currency policy, spokesperson for the Vietnamese foreign ministry Lê Thị Thu Hằng said on Saturday.

The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Việt Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Việt Nam.

HCM City has imposed strict travel restrictions and locked down many places, causing demand for home delivery services to skyrocket along with costs.

The Institute of Chartered Accountants in England and Wales has signed a memorandum of understanding with the Ministry of Finance to improve the quality of human resources and accelerate the development accounting and auditing to facilitate Viet Nam’s international integration.

The US’s Vector Fabrication Inc has been scouting locations in central Việt Nam for a Micro-Electro-Mechanical Systems (MEMS) factory with an estimated investment of US$60 million, according to the Head of the Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA), Phạm Trường Sơn.

The ministry said in the second quarter, housing prices in Hà Nội and HCM City continued to increase by 2-7 per cent quarter on quarter due to the low new supply, while many localities saw a slight rise of 3 per cent. House prices in Hải Phòng, Bình Dương and Đồng Nai increased by 5-9 per cent quarter on quarter.

Paper and packaging firms have reported positive business earning results despite the impact of COVID-19 pandemic.

Policies were needed to promote the development of domestic online markets which were facing increasingly harsh competition from foreign rivals to ensure a healthy and sustainable development for the e-commerce market.

The prolonged impact of the COVID-19 pandemic has made digital tools such as livestream, augmented reality (AR) and virtual reality (VR) become more popular in real estate transactions, contributing to increasing property values.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) has said it will be difficult for seafood producers that export to the EU to maintain growth in the second half of this year.

Member countries of the Association of Southeast Asian Nations (ASEAN) are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10.

Stable economic growth has made Việt Nam an attractive destination for foreign investors particularly amid current changes in the global supply chain, according to a recent article published by The Economic Times.

Shares settled down on the last trading day of the week as investors returned to profit-taking activities, while foreign investors continued to net sell on the market. 

Vietnamese agricultural products have been introduced to consumers in the Republic of Korea (RoK) during the Import Goods Fair (IGF) 2021 that is taking place in Seoul from July 22-24.

Supply of consumer goods in HCM City has been relatively steady, but the prices of some items have shot up and businesses taking part in the city’s price stabilisation programme are suffering losses since they sell at fixed prices, according to the Department of Industry and Trade.

With the increasing foreign investment in Việt Nam, the human resource structure will see a fundamental change since FDI generally goes into industries that require medium to very skilled workers, experts have said.

Việt Nam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Việt Nam Pepper Association (VPA).

Australia’s Anti-Dumping Commission (ADC) has extended the deadline for a report into allegations of dumping and subsidisation of precision pipe and tube steel imported from Việt Nam, China, the Republic of Korea and Taiwan (China), for a fifth time.