
(VEN) - In a talk with Vietnam Economic News’ Quynh Thoa regarding the development of support industries, Hironobu Kitagawa, Chief Representative of the Japan External Trade Relations Organization (JETRO) in Hanoi, said further policy improvements would enable Vietnam to create a more attractive investment environment and become a long-term investment destination for Japanese companies.

(VEN) - The Ministry of Finance has submitted to the government a draft decree on preferential export tariffs and special preferential import tariffs under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the 2019-2022 period.

An investment promotion conference was held in Tokyo on July 1 where Prime Minister Nguyen Xuan Phuc said Vietnam will be the “promised land” for Japanese investors.

Vietnam’s credit growth in the first half of 2019 was estimated at 6.22%, higher than the 6.1% growth rate recorded during the same the period of last year.

(VEN) - Only a limited number of enterprises have shown an interest in the capital city’s wholesale markets although these are annually included on the list of projects calling for investment at the Ha Noi Investment Promotion Conference.

Fifty-five percent of German businesses, when asked, have said they want to increase investment capital in Vietnam, higher than the rate for Southeast Asia (44 percent), according to a survey conducted by the German Industry and Commerce Vietnam (GIC) in April.

Disbursement of official development assistance (ODA) hit over 1.6 trillion VND in the first five months of this year, equivalent to only 2.7 percent and 5.6 percent of targets assigned by the National Assembly and Government for the whole year, respectively, which were alarming figures, said Finance Minister Dinh Tien Dung on June 26.

(VEN) - The State Bank of Vietnam (SBV) has many tools to regulate currency exchange rates in order to keep the market stable.

A conference was held in Singapore on June 19 to call for investment to priority projects in Vietnam’s northern province of Thai Binh.

(VEN) - Recent years have seen a wave of investments in the health sector, but it has not yet met the demand. Therefore, more incentives are needed to promote investment attraction in public-private partnership (PPP) projects in the health sector.

Vietnam’s Auditor General Ho Duc Phoc and a delegation of the State Audit Office of Vietnam (SAV) had a working session in Seoul on June 19 with the Board of Audit and Inspection (BAI) of the Republic of Korea (RoK) to boost bilateral cooperation in the time ahead.

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

(VEN) - Covered warrants are expected to contribute to the development of the Vietnamese stock market as soon as they come into operation.

(VEN) - Ho Chi Minh City continues to devise open policies and make strong commitments to promote investment attraction further.

Vicem Hoang Mai Cement Joint Stock Company plans to build a cement factory, with the first phase expected to cost more than 6.67 trillion VND (286 million USD), in the central province of Nghe An.

The Vietnamese Government will work to remove bottlenecks and create the best conditions for enterprises from the Republic of Korea to operate in Vietnam, Deputy Prime Minister Vuong Dinh Hue stressed on June 19.

The State Bank of Vietnam (SBV) will continue to follow a pro-active, flexible and cautious monetary policy as well as working in close conjunction with fiscal and other policies to control inflation, sustain the macro-economy and support economic growth in the second half of this year.

Mekong Corporation Europe BV (MCE) will invest an amount of US$250 million, divided into components, in the development of the Binh Phuoc cashew trademark, said Marco Trimborn, MCE’s CEO for the European and Asian markets, during a working session with the Binh Phuoc provincial People’s Committee on June 14.

(VEN) - The Vietnamese e-commerce market has increased to US$8 billion, but only three to five percent of total transactions are non-cash payments. The biggest problem is attributed to consumer habits and trust.

(VEN) - The Vietnam Private Equity Investment Outlook 2019 released by Grant Thornton Vietnam reports that private investors are seeking new investment opportunities in Southeast Asia, especially Vietnam.

Yoshino Gypsum Vietnam Co.Ltd began construction of its gypsum plant in Phu My town, Ba Ria-Vung Tau province on June 13.

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.

A conference in the Mekong Delta province of An Giang on June 12 helped overseas Vietnamese (OV) businesspeople learn about agriculture and tourism projects in need of capital.

Deputy Prime Minister Vuong Dinh Hue has declared a series of benefits of cashless payment and projected a boom in the service while speaking at a forum on June 11.