VOV.VN - The northwestern province of Son La has organised an array of trade promotion activities aimed at boosting the export of its farm produce.

VOV.VN - The HCM City Department of Industry and Trade, in collaboration with BJC Group of Thailand, are to co-host  the Week of Vietnamese Goods in Thailand from October 23-27.

The EU-Vietnam Free Trade Agreement (EVFTA), signed in Hanoi on June 30, is expected to help boost Vietnam’s cashew nut exports.

The second meeting of the Vietnam – Mexico joint committee on economy-trade-investment cooperation took place in Mexico City on July 9 and 10. 

Opportunities provided by free trade agreements (FTAs) will only exist on paper if local authorities and enterprises do not take prompt and concrete actions to take advantage, experts said at a meeting on July 10 in Hanoi.

Over the past 25 years, American investors have increased their involvement in Vietnam’s financial sector, a trend expected to continue as the country deepens its capital market and young startups look for funding and guidance.

The Vietnam Oil and Gas Group (PVN) has announced it generated a total revenue of 365.5 trillion VND (15.8 billion USD) in the first half of this year, 18 percent higher than the six-month target and equivalent to 60 percent of the yearly goal.

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The first edition of the White Book on Vietnamese Businesses was launched at a ceremony in Hanoi on July 10. 

A string of international exhibitions on leather and shoes opened in Ho Chi Minh City on July 10, looking to help local businesses to seek reliable material suppliers as well as potential partners.

In the first six month of this year, the southern Dong Nai province attracted 1.02 billion USD of foreign direct investment, or 102 percent of the target set for the whole year and 8.03 percent higher than the figure of the same period last year.

As official development assistance (ODA) plays an important role in the country’s socio-economic development, Vietnam hopes to receive further supports from its partners to diversify capital sources, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on July 10.

The number of non-cash payments in Vietnam has steeply risen so far this year.

Vietnamese producers of natural and environmentally friendly gift and handicraft products are exhibiting their wares at a fair that opened in Singapore on July 10.

VOV.VN - Infrastructure improvements along with the production shift triggered by US-China trade tensions are set to further leverage growth in industrial production and the domestic industrial property market.

Vietnam’s seafood export turnover in June reached 794 million USD, raising the total value for the first half of the year to nearly 4 billion USD, up 0.3 percent year on year, according to the Ministry of Agriculture and Rural Development’s Agro Processing and Market Development Authority (AgroTrade).

The prospects of cement enterprises in the second half of the year will continue to improve, especially during the construction season at the end of the year, according to Chairman of the Vietnam Cement Association (VNCA) Nguyen Quang Cung.

VOV.VN - The United States Agency for International Development (USAID) in collaboration with the Vietnamese Ministry of Finance launched the USAID Trade Facilitation Program on July 10 with the aim of helping the country to improve customs procedures.

Lopsided development of its various segments and dependence on imports have weakened the textile industry’s competitiveness and creativeness, experts said.

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.

VOV.VN - The soaring credit growth recorded during the first half of 2019 can be attributed to efforts by local firms to complete periodical business reports and some banks’ application of Basel II standards, a senior banking expert has claimed.

Car sales reached 281,473 units during the January-June period, a year-on-year rise of 21 percent, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on July 9.

Sectors which have seen high growth in the past few years such as wooden furniture, garments and textiles, seafood and steel are being placed under special supervision by the Ministry of Industry and Trade (MoIT) to avoid having high tariffs and trade sanctions imposed by other nations.

The tentative total investment for the North-South high-speed railway, according to the Ministry of Planning and Investment (MPI), is about 26 billion USD, 32.7 billion USD less than the previous proposal by the Ministry of Transport (MoT).

Authorities in the Mekong Delta province of Long An have so far this year revoked licences of 9 domestic and 9 foreign-funded projects due to their sluggish progress.

VOV.VN - Hanoi has rectified a project to pump VND500 billion (US$21.5 million) into leveraging the development of startups in the city by 2025.

The car sales in Vietnam are forecast to reach 500,000 units per year in 2020 and 1 million per year by 2030, with a turnover of US$12 billion each year.

Japan's Nintendo will shift some of the production of its popular Switch gaming consoles to Vietnam from China.  

Ride-hailing firm Go-Viet is looking for as many as 16 senior leaders for existing operations and a new online payment service.  

Vietnamese businesses are further participating in the global value chain and reaching out to the world market.