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Auto industry develops but local part supply still low
The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.
Vietnamese artists to join Famlab in Hoi An and Danang
Forty-three master musicians and artists will take part in the Famlab (Film, Archive and Music Lab) Residency and Outdoor Concert in the ancient town of Hoi An and Danang city as part of the project Heritage of Future Past on June 6-25.
Demand for solar power in Can Tho increases
More businesses and households in the Mekong Delta city of Can Tho are installing solar panels to reduce monthly electricity costs.
Viet Nam, Italy promote co-operation
Viet Nam has a double advantage. It can be both a consumption market for, and a manufacturing partner of Italian companies in the age of Industry 4.0, said Italian Prime Minister, Giuseppe Conte.
Vietnam hopes to enter MSCI watchlist this year
One year after failing to enter the Morgan Stanley Capital International (MSCI)’s watchlist for a market status upgrade, it is still uncertain if Vietnam will make it this year despite efforts made to improve market conditions.
Special policy needed for new urban areas, residential complexes
Property experts have urged Ho Chi Minh City to issue a special policy on new urban residential complexes to prevent the rampant and unsustainable development of residential projects.
Vietnam’s credit growth expands by 5.07% in five months
The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Vietnam (SBV) reported.
Trade authority to take flexible trade policy to support exports
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.
Fine art and handicraft exports surge in five months
The country’s fine art and handicraft exports experienced a significant increase of 50 per cent to reach US$45 million in May, according to statistics from the General Department of Customs.
Vietnamese SMEs shown how to enter the global supply chain
Vietnam is among the top countries attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small- and medium-sized enterprises (SMEs) participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of HCM City.