The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate still remains low, not meeting the set target, according to a Ministry of Industry and Trade report sent to the NA.

HCM City to try again to auction advertising space on buses

These sectors include two emerging sectors in the form of fintech and e-commerce, and four traditional sectors, including education, green energy, healthcare & pharmaceuticals, transportation & logistics.

PM Nguyen Xuan Phuc and his Italian counterpart Giuseppe Conte co-chaired the third High-Level Dialogue on Italy-ASEAN Economic Relations in Hanoi on June 6, held during the latter’s official visit to Vietnam.

Vietnam has been taking the first steps on the path towards smart and sustainable cities.

While Vietnam attempts to boost public funding in service of socio-economic development, disbursement of this type of capital however remains slow.

Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department. Switching to online payment has reduced work for customs officers and helped businesses save time and cost.

Viet Nam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

Foreign investors are expanding in the Vietnamese solar power sector via M&A deals or by establishing joint ­ventures with local players to save time as the commercial operation deadline for the ­coveted $9.35 cent feed-in tariff looms.

The US-China trade war has made a major impact on the economy of Vietnam and the country still requires to tackle several challenges in order to attract supply chains relocating from China.

Vietnam Expressway Corporation, the state-owned group tasked with national highway network development, is awaiting an impetus from the government in order to drive the implementation of key national highway projects.

With possible new changes in drug rules involving strict conditions for branded pharmaceutical production on the horizon, multinational corporations might find it harder to attend tenders of high-cost branded drugs.

Vietnam has outpaced regional peers in attracting foreign investment over the last years.

Forestry product exports fetch $4.25 billion in five months

The Vietnam Chamber of Commerce and Industry has objected to the State Bank of Vietnam’s (SBV’s) proposal that an individual must not conduct transactions worth more than VND20 million per day through e-wallets.

Investment capital planned for public projects has been largely appropriated to pay the debt arrears of basic construction and to complete transitional projects, said Minister of Planning and Investment Nguyen Chi Dung at an NA session.

The Ministry of Industry and Trade (MoIT) will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports, it said.

HCM City will organise an auction to seek investors for the right to use nine land plots in the Thu Thiem new urban area in District 2.

Governor of the State Bank of Vietnam Le Minh Hung on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.

One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Viet Nam will make it this year despite efforts made to improve market conditions.