VIRAC forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the needs of people’s domestic consumption.
Foreign investors are eyeing processing and manufacturing industries.
“Safe haven tourism” is one way for Việt Nam to maximise tourism revenues while minimising risks posed by COVID-19 pandemic, according to investment fund VinaCapital.
Strong gains of oil futures on Monday helped boost the Vietnamese stock market after a three-day decline.
The General Department of Customs has required customs departments in provinces and cities to intensify review and inspection for imports of silament and polyester filament yarns originating from China, India and Indonesia.
TIZCO Joint Stock Company and Việt Nam Innovation Parks Management Corporation broke ground on Sunday (May 17) for the 1,800ha Việt Phát Industrial Park in Long An Province, one of the largest IPs in the country.
Việt Nam’s 5G is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption.
Total assets of credit institutions and foreign banks in Việt Nam by the end of the first quarter of this year inched down to VNĐ12.48 quadrillion (US$521.76 billion) compared with the end of last year.
Quảng Ninh Province late last week announced the foundation of the Management Board of Vân Đồn Economic Zone (EZ) which would be piloted in three years.
Domestic gold price soared to surpass VNĐ49 million (US$2,100) each tael (1.2 ounce) this morning when the global prices of the yellow metal climbed to its multi-year high.
The MoIT said the exchange aims to help domestic footwear producers promote exports to the US. It will also act as a platform to provide updated information on the US footwear market in the context of the COVID-19 pandemic.
Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with banks if they want to obtain loans, according to experts.
There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
Experts have forecast that credit demand will increase faster in the coming months as production and business activities in the country return to a normal pace
Hotels need to appeal more to local corporate guests and tourists to help the hospitality sector recover, market researcher Savills has said.
Listed steel companies reported positive business results in the first quarter of this year despite the impacts of the COVID-19 pandemic.
Local stocks are expected to keep rising this week but their growth would be slower as goods news dries up.
Transparency is key to better protect the interests of businesses and customers in the pork market.