(VEN) - Electricity consumption in Vietnam recorded an all-time high of 38,800MW in June, according to the Vietnam Electricity (EVN), breaking the level of 38,147MW recorded in June 2019. EVN, the state-owned national power distribution company, plans to utilize multiple electricity sources to ensure sufficient power amid constantly rising demand and adverse climate change effects.
(VEN) - The Hanoi Department of Industry and Trade has been implementing Vietnamese goods supply-demand connection activities to help boost domestic production and sales and provide new investment opportunities.
(VEN) - The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade has adopted promotion plans for typical rural industrial products at regional and national levels.
(VEN) - Vietnam’s automakers import some 80 percent of their parts, raising car prices above those in neighboring countries. To lower locally manufactured car prices, Vietnam must reduce its reliance on imported parts and components.
With a scale of nearly US$180 billion and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors.
The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts.
Vietnam’s exports of fruits and vegetables to major markets like the US, the Republic of Korea (RoK) and Thailand have surged despite the COVID-19 pandemic worldwide.
The Gulf Energy Development PLC of Thailand has announced the purchase of two wind power farms worth about 200 million USD in Vietnam, in order to take advantage of low interest rates as it seeks projects with a quick return on investment.
A week-long trade fair of typical agricultural products was opened for the first time at Big C An Lac supermarket, Ho Chi Minh City on July 3 in a bid to promote the agricultural products of Southern provinces.
(VEN) - The steep decline of the Vietnamese stock market due to the spread of the Covid-19 pandemic has lured many new investors to the market.
(VEN) - With abundant high quality human resources, a large number of quality suppliers, and strong commitments to providing land for investors in industrial parks, improving the business environment and simplifying administrative procedures, Ho Chi Minh City (HCMC) has become the third biggest foreign direct investment (FDI) attractor in Vietnam.
Japan’s Sharp Corp said on June 30 that it plans to put into operation a solar power plant in Ninh Thuan, a province in south central Vietnam, in early July.
Barriers in the business environment must be removed to promote the development of private enterprises, which is considered a push for post-pandemic economic growth, experts said.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has set a pre-tax profit target of 13 trillion VND (558.8 million USD) in 2020, just 1 percent higher than the figure last year.
The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on June 25, up 2 VND from the previous day.
Vietinbank (CTG) has approved a plan to sell 50 percent of its holdings in the bank’s financial arm Vietinbank Leasing Company Limited.
Đỗ Nhất Hoàng, director-general of the Foreign Investment Agency under the Ministry of Planning and Investment, spoke to Vietnam News Agency on the factors that make Vietnam an attractive place for foreign investors
The World Bank Group and the Australian Government have agreed to extend their strategic partnership in Việt Nam with a commitment of a further AUD5 million (US$3.43 million) to support Việt Nam’s economic recovery and protect the most vulnerable from the negative impacts of the COVID-19 pandemic.
(VEN) - Attracting foreign direct investment (FDI) is key to reviving the economy, Prime Minister Nguyen Xuan Phuc told participants at a recent conference in Hanoi themed “Working together, overcoming challenges, seizing opportunities, restoring the economy”.
(VEN) - The Ministry of Finance has proposed that the State Bank of Vietnam (SBV) increase credit limits for the securities industry and allow the listing of foreign-invested enterprises on the stock market. Increasing the credit limit for securities will help increase purchasing power and bolster the market.
The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 percent this year in light of a weak economic outlook, experts forecast.
Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of US$4.3 billion in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.
(VEN) - Foreign investors are optimistic about the long-term development of Vietnam’s stock market after the Covid-19 pandemic is controlled and the economy returns to its normal growth cycle.
(VEN) - In the first four months of this year, despite the Covid-19 pandemic, Vietnam attracted an additional US$12.33 billion in foreign investment capital, a 14.5 percent drop from the same period of 2019 but higher than that of the same periods in 2018 and 2017.
Tin Khu Vực 
