Việt Nam News

The stock market is still an attractive investment channel for investors in the near future. However, it also poses many challenges for regulators and market members, said experts.

The budget revenue increased significantly in the first five months of this year thanks to recovery from 2020 and some sectors seeing strong growth, such as banking, securities, real estate and automobile industries, according to the General Department of Taxation.

Global demand for goods is recovering and this is an opportunity for Việt Nam to boost its exports of consumer and industrial products, according to the Ministry of Industry and Trade (MoIT).

Việt Nam may have to depend on vaccine to achieve herd immunity to feel virus-free, but enterprises may not wait to get there to survive. They are in dire need of help and are craving for a new momentum to return to a “real normal” situation.

Many enterprises have donated large sums of money to the national COVID-19 vaccine fund following Prime Minister Phạm Minh Chính’s appeal to all citizens, local and foreign businesses and organisations to contribute. They have also provided great support to localities in combating the pandemic.

Packaged food producer KIDO Group has announced it is setting up the Chuk Chuk brand of cafes with a total investment of VNĐ100 billion (US$4.4 million).

Heavy profit-taking pressure put a brake on the recent winning stretch for Việt Nam’s stock market on Monday while oil shares bucked the trend, driven by rising prices in the world market.

Each week, the company hopes to export over 20 tonnes of the summer fruit to supermarkets chain and stores in Thailand.

Asia-Pacific Economic Cooperation (APEC) economies needs to continue promoting free and open trade and investment, undertake initiatives to ensure regional supply chains to function smoothly and efficiently, and facilitate the movements of essential goods.

The COVID-19 pandemic has helped e-commerce platforms in Việt Nam achieve impressive growth of 18 per cent, pushing the market size to US$11.8 billion.

A dozen of banks have increased bond issuance to attract mid-term and long-term capital, leading to changes in order in capital mobilisation in the corporate bond market this second quarter. 

Despite the Covid-19 outbreak roiling the global economy, overseas remittances to HCM City were worth US$2.6 billion in the first five month of this year.

At the heart of the ongoing COVID-19 outbreak in Việt Nam, nearly 400 traders and drivers involved in the lychee trade in Lục Ngạn District, Bắc Giang Province have been vaccinated against COVID-19.

The disruption of the global supply chain has caused many foreign businesses to source goods from Vietnamese enterprises, which has increased export opportunities for the country.

Big data and AI are transforming the credit industry in Southeast Asia. This process is visible in Việt Nam where credit markets undergo rapid expansion. With some 60 million un(der)banked citizens short of credit history, digital credit scoring emerges as a magic tool to foster financial inclusion.

BUSINESS BEAT

Ministry of Industry and Trade has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.

Cash flow will continue to help the stock market rise to new heights, but it was time for investors to focus on risk management, brokerages said.