(VEN) - Capital contributions and share purchases by foreign investors have helped Vietnamese businesses gain access to new ecosystems and ensure undisrupted supplies. However, given the current volatility of the stock market and uncertainty of the economy induced by Covid-19, experts are cautioning against so-called “vultures” seeking to buy Vietnamese shares and/or companies at rock-bottom prices.

(VEN) - In a bid to bring down the high price of pork, an important staple in the Vietnamese diet and a persistent source of inflationary pressure, the government is allowing live pig imports from Thailand. However, for now, the meat imports have not made a dent in prices, which continue to register record highs.

(VEN) - The export value of textiles and garments is forecast to continue plunging in the third quarter of this year without any sign of recovery. Therefore, businesses need to be flexible to adapt themselves to the situation. 

(VEN) - Vietnam’s agro-forestry-fishery exports to China face many difficulties due to stronger Chinese inspection and supervision of food safety.

(VEN) - Vietnam’s supporting industry is gradually improving its connections, productivity and training, allowing its products’ greater access to Foreign Direct Investment (FDI) enterprises as well as multinational corporations.

(VEN) - In the first six months of this year, the People’s Committee of Tra Vinh Province provided over VND1 billion for industry promotion activities by the Department of Industry and Trade.

(VEN) - Khanh Hoa Province is seeking greater support from the Ministry of Industry and Trade and the Ministry of Finance for investment in technology demonstration models, advanced machine application in production, and infrastructure investment in industrial clusters in order to modernize rural industrial enterprises.

(VEN) - The EU-Vietnam Free Trade Agreement (EVFTA) will provide major opportunities for Vietnamese businesses to increase rice exports if they meet European Union standards.

(VEN) - The industrial sector of Binh Duong Province has significantly progressed in recent years, but in order to ensure its sustainability, authorities are formulating policies to attract investment in support industry production.

(VEN) - Director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT) Hoang Tien Dung told Vietnam Economic News’ Lan Anh & Ba Cuong that the willingness of domestic and foreign private investors to develop power projects without government guarantees is a plus in attracting power industry investment.

(VEN) - Vietnam’s economy has shown signs of recovery, but the Covid-19 outbreak in the central coastal city of Da Nang will pose difficulties for trade and production activities, requiring long-term government strategies and specific response. To Hoai Nam, permanent deputy chairman and secretary-general of the Vietnam Association of Small and Medium Enterprises, talked about the issue in an interview with Vietnam Economic News’ Hoa Quynh and Thu Phuong.

(VEN) - The 20^th anniversary of Vietnam’s stock market marked in July highlighted its contribution to the process of Vietnam’s economic restructuring as a dynamic and efficient capital mobilization tool.

(VEN) - The consumer price index (CPI) in the first half of 2020 increased 4.19 percent over the same period last year, the highest first-half growth over the past five years, exceeding the annual four-percent target set by the National Assembly. 

(VEN) - Although affected by the Covid-19 pandemic, the One Commune One Product (OCOP) program in Hanoi has achieved encouraging results.

HCM City’s index of industrial production for the first seven months of the year declined by 5.5 per cent year-on-year due to the impact of the COVID-19 pandemic, according to its Department of Industry and Trade.

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.

(VEN) - Taking effect on August 1, 2020, the EU-Vietnam Free Trade Agreement (EVFTA) is expected to offer new opportunities for Vietnamese exporters. Compliance will be the biggest challenge for them in accessing the EU market.

(VEN) - Prime Minister Nguyen Xuan Phuc recently in-principle approved to add the LNG gas-fired power project near Ke Ga Cape in the southern province of Binh Thuan to the National Power Development Master Plan for the 2021-2030 period, with a vision towards 2045 (Power Development Master Plan 8). This project, together with the Thang Long Offshore Wind Power Project, will contribute to turning Binh Thuan into a national energy hub.

(VEN) - Banpu Public Company Limited, a leading integrated energy solutions company in the Asia-Pacific, is acquiring an operating wind farm, the Mui Dinh Wind Farm.
 

(VEN) - Over the past two years, trade barriers have obstructed Vietnamese steel exports to the EU, which have also faced fierce competition. The EU-Vietnam Free Trade Agreement (EVFTA) is expected to help create a breakthrough in steel exports to that market as soon as it takes effect on August 1.

(VEN) - Consumers in the European Union are shifting their preferences for textile and garment products, with fast and cheap fashion gradually being replaced by environmentally friendly goods. This trend is expected to force domestic textile and apparel manufacturers to change their production methods accordingly.

Việt Nam will continue to fulfill its international commitments so that it can take full advantage of the EU-Việt Nam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19 pandemic.

Hà Nội should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Việt Nam amid the global production shift, experts have said.

(VEN) - The seafood industry has set a US$2 billion target for seafood exports to the EU in 2021 based on the terms of the EU-Vietnam Free Trade Agreement (EVFTA), which will take effect on August 1. Enterprises are preparing in terms of farming areas, food safety certification and logistics infrastructure to take opportunities provided by the recently ratified pact.