Forex reserves hit 37 billion USD Business

Forex reserves hit 37 billion USD

The country's foreign exchange reserves excluding gold have been increasing continuously, reaching 37 billion USD by the end of July, Governor of the State Bank of Vietnam Nguyen Van Binh said.
Local firms eye South African market Business

Local firms eye South African market

South Africa has always prioritised trade, investment and cooperation with Vietnam, and this year, it will offer even more investment opportunities for businesses from Vietnam and Da Nang.
PM encourages more transparent, effective stock market Politics

PM encourages more transparent, effective stock market

Prime Minister Nguyen Tan Dung urged Vietnam’s stock market to become more transparent and effective in line with market economy principles during a ceremony to celebrate the 15th anniversary of the HCM City Stock Exchange (HOSE) on July 25.
Society

Market info provision to remote areas falls short

The provision of market information to people in ethnic, mountainous and border areas – a pivotal task during integration – is falling short of expectations, conceded Deputy Minister of Industry and Trade Do Thang Hai on July 24.
Economic recovery, new laws prop up property market Business

Economic recovery, new laws prop up property market

A steady economic growth rate, the new Property Business Law and the revised Housing Law, which took effect on July 1, are encouraging the recovery of the property market which has suffered a long period of downturns.
Made-in-Vietnam goods dominate Hanoi market Business

Made-in-Vietnam goods dominate Hanoi market

A high proportion of products from distribution channels in Hanoi are locally made, unveiled by the Steering Committee for the campaign “Vietnamese people prioritise Vietnamese goods” at a press conference in the city on July 21.
Business

Vietnam to benefit from RCEP market region

Vietnam will be able to access a huge market of 3.4 billion people when it joins the Regional Comprehensive Economic Partnership (RCEP).

Countries in RCEP will have a combined GDP of 21 trillion USD, accounting for 29 percent of the world's GDP, said Nguyen Anh Duong, Deputy Director of the Central Institute for Economic Management (CIEM).

Speaking during a workshop held in Hanoi on July 17 on the impact of RCEP on Vietnam's economy and the opportunities and challenges it would pose, Duong said regulations on origin in RCEP would be simpler and more liberal than in other economic pacts. In addition, the parties would make more commitments on freedom of trade in goods and services and investment.
Business

ASEAN market access paper launched

The European Union-ASEAN Business Council (EU-ABC) has launched a region-wide position paper of recommendations to boost market access as well as increase trade and investment between Europe and ASEAN.