The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domestic business community make the most of the opportunities brought about by trade deals to which Vietnam is party.
Experts have made differing predictions about the trend of the local stock market next week, saying it remained hard to forecast as price movements have been sensitive.
More than 70 foreign importers participated in an international business matching webinar on August 13 in order to seek suitable partnerships with local traders in the trading of longan.
The northern province of Bac Giang pocketed some 6.9 trillion VND (300 million USD) from lychee and support services this year, up 600 billion VND against last year, according to local authorities.
Companies will be able to apply for import licences online from November 1 this year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.
Deputy Prime Minister Vuong Dinh Hue has stressed the importance of quality management and traceability for lychee, a speciality fruit of the northern province of Bac Giang, to meet export requirements for China and other potential markets.
The central province of Quang Tri is promoting the application of high technology in the cultivation of pepper trees, one of the three main industrial crops of the province, in order to meet standards of the US and the EU.
Although the direction of foreign capital inflow is becoming increasingly unpredictable due to many external factors, experts said that Vietnam is still an attractive destination for foreign investors.
The Vietnamese Government has issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import.
The northern province of Hung Yen is branding itself as the gateway to Hanoi city, in an effort to attract tourists and market its cultural sites and products.
Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations.
The VN-Index grew 19.33 percent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 percent growth and Brazil with 11.73 percent.
Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.
Vietnam’s stock market is expected to rise further after the Tet (Lunar New Year) holiday and even throughout 2018, boosted by positive macro economic development as well as support of foreign traders
Selling pressure is predicted to extend to this week’s trading, which may have negative impacts on the stock market, in the context of declining trade by foreign investors and unexpected movements in the US market.
Vietnam's stock market is forecast to keep rising in the short term but a few corrections may be necessary to re-balance the market after a long rally.
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