Vietnamplus

The HCM City housing market is recovering thanks to effective government policies like allowing foreigners and overseas Vietnamese to buy houses, an industry insider has said.

Singapore’s economy may suffer from negative impacts from China’s move to devalue its currency for three consecutive days on August 11, 12 and 13, experts said.

Prime Minister Nguyen Tan Dung chaired a meeting with relevant ministries, sectors and agencies to look at the possible impacts of the Chinese yuan’s devaluation on Vietnam’s economy.

Vietnamese seafood products with international certifications, traditionally used for export purposes, are expected to be served at domestic dining venues across the country.

The SBV’s recent adjustment of the VND/USD trading band up by 1 percent is a timely and sound response to the currency market’s movement amid the Chinese yuan's sharp weakening gainst the US dollar.

As many as 60 power plants have joined the electricity market directly so far this year with a total capacity of 14,952 megawatts, accounting for 40 percent of the national power system.

The Ministry of Industry and Trade has approved a detailed design for the competitive electricity wholesale market, which allows all units owning 30MW power plants and above to join the market.

Pakistan has huge demands for commodities which are Vietnam’s strength like electrical and household goods, agricultural and forestry products and seafood.

Businesses in the Mekong Delta received updated information on the Russian market during a conference held in Can Tho city on August 12.

The 47th ASEAN Economic Ministers’ Meeting, scheduled to be held in Malaysia from August 22-25, will be the final step towards the formation of the ASEAN Economic Community by year-end.

Vietnamese stocks fell on August 11, giving back some of previous day's gains, after a dividend payment by a confectionery company led indexes lower.

Vietnam is expected to lure many foreign banks, especially those operating in the retail segment, once the country removes all technical barriers in the banking sector this year.

Bangladeshi President Md. Abdul Hamid is on a State visit to Vietnam from August 9-13 at the invitation of President Truong Tan Sang.

Vietnamese businesses should pioneer in joining the Iranian market as well as proactively improve the quality of products and establish trade partnerships with local partners.

The national stock market was unable to maintain growth on August 5 as shareholders raised their selling volume to cut the market gains.

The HCM Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX) delisted 26 companies, with 438 million shares, in the first six months of this year.

Speculative shares played the role of hero on the national stock market on August 5, attracting attention from investors that drove both indices up to end a recent slump.

Vietnam needs to accelerate the restructuring of the stock exchange by enhancing hedging instruments and diversifying products to drive more foreign capital into the securities market.

Foreign firms have pumped hundreds of millions of US dollars into numerous real estate projects in HCM City, attributed to an upswing in the real estate market after a long period of hibernation.

The Ministry of Finance on August 3 proposed that the Prime Minister temporarily stop collecting export tariffs levied at five percent on tapioca chips since the business was facing difficulties.