VOV.VN - The freshly signed EU-Vietnam Free Trade Agreement is to allow foreign investors to enjoy huge benefits in terms of market entry and policy incentives when investing in the Southeast Asian country, experts have said.

Hanoi has carried out a range of trade promotion programmes in Africa and South Africa in particular, helping Vietnamese brands gain a firm foothold in the market, according to insiders.

Prime Minister Nguyen Xuan Phuc has urged ministries and agencies to work to avoid upcoming power shortages.

The southernmost province of Ca Mau is working to spread effective shrimp farming models, towards earning 1.2 billion USD from export later this year.

Only by developing high quality and excellent designs could Vietnamese garment and textile firms boost their exports to Japan, a market that holds strict standards for imported products, according to the insiders.

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.

Vietnam’s tra fish exports to Southeast Asian countries were worth US$87.3 million in the first five months of the year, a year-on-year increase of 14.6 per cent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Resident and non-resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Vietnam has said.

Vietnam’s Military Commercial JSC (MBBank) is seeking to sell a 7.5 percent stake to one or more foreign investors this year.

Tax evasion, tax avoidance and transfer pricing are getting more complicated, particularly through affiliated transactions, due to incomplete and impractical policies, said Deputy Minister of Finance Tran Xuan Ha on July 15.

Quang Ninh province has made breakthroughs in local development, and is making efforts to become a centrally-run city and one of the economic locomotives of the northern region by 2025.

Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.

Illegal insider stock trading requires a stronger deterrent from regulatory agencies to stabilise the market sentiment, according to tinnhanhchungkhoan.vn.

Trade revenue between Vietnam and Malaysia reached 5.48 billion USD in the first half of 2019, down 6.2 percent year on year, according to Vietnam’s Trade Office in Malaysia.

The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Planning and Investment and the Vietnam Cooperative Alliance (VCA) to compile a “white book” on the country’s collective economy and cooperatives.

VOV.VN - Vietnam exported 4,281 tons of breaded shrimp to the United States during the past five month with a total value of US$30.9 million, an increase of 53 per cent in volume and 48 per cent in value in comparison with the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VOV.VN - The prices of dragon fruit from the central province of Binh Thuan have skyrocketed during the peak fruit harvesting season in comparison with previous years.

A number of business conditions have been reduced or removed thanks to the Government’s efforts in improving the business environment and increasing national competitiveness.

Textile, garment and footwear products made in Việt Nam will not enjoy immediate tariff cuts after the EU-Việt Nam Free Trade Agreement (EVFTA) comes into effect, according to a report from Bảo Việt Securities Joint Stock Company (BVSC).