VOV.VN - The first Vietnam Venture Summit held in Hanoi recently saw venture capital funds commit millions of USD to Vietnamese startups, illustrating the confidence foreign investors have in the Vietnamese market.

VOV.VN - Up to 100 exhibitors from 15 countries and territories are boasting about their leading-edge technological advances and products in logistics during the ongoing first Vietnam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) held in Ho Chi Minh City.  

Vietnam’s bustling startup scene has just one unicorn, defined as a privately-owned startup company worth at least $1 billion.  

Covered warrants will be an alternative technical tool as foreign investors are not limited to buy the securities product and can freely trade it as domestic investors do.

The National Credit Information Centre of Vietnam (CIC) and the State Bank of Vietnam (SBV) has officially launched a portal connecting borrowers and credit institutions.

The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working session on the impacts of the document held on June 12 under the chair of Deputy Prime Minister Vu Duc Dam. 

Việt Nam’s textile and garment industry is striving to achieve export turnover of more than US$40 billion in 2019, a year-on-year increase of 14-15 per cent.

The Vietnam Industrial and Manufacturing Fair 2019 opened in the southern province of Binh Duong on June 12 with more than 200 booths introducing materials and equipment for major industries such as manufacturing, processing, packaging, plastics, construction and energy.

 The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusion on the development of Van Don Economic Zone (EZ) that would require more than 8.35 trillion VND (358.2 million USD) to expand its infrastructure by 2030.

The 16th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2019) kicked off at the National Convention Centre in Hanoi on June 12.

VOV.VN - Firms must consider measures on how to mitigate exchange rate risks such as forward and swap dealings in the face of the foreign exchange market undergoing sharp fluctuations, experts have noted.

Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country, said Vice Chairman of the National Assembly Phung Quoc Hien.

The Government of Vietnam will continue creating optimal conditions for US businesses, including Hanesbrands clothing company, to operate effectively in the Southeast Asian country, Deputy Prime Minister Trinh Dinh Dung affirmed on June 12.

VOV.VN - Officials from the Ministry of Industry and Trade (MoIT) and US Ambassador to Vietnam Daniel J. Kritenbrink on June 12 participated in a public consultation to introduce the ministry’s proposal for direct power purchase agreement (DPPA) mechanism.

VOV.VN - National Assembly deputies have raised their concerns about the potential risks of soaring Chinese foreign direct investment inflows into Vietnam.

VOV.VN - Vietnam racked up some US$101 billion from exports during the first five months of 2019, recording a year on year rise of 7.1 per cent, according to Vietnam Customs.

The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs.

The Government has affirmed its resolve to pursue the goal of macro-economic stability and inflation control while focusing efforts on addressing existing shortcomings and limitations in a resolution adopted at its regular meeting for May.

With an emerging market economy and continued strong growth, Việt Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company.

At the invitation of President of Bosnia and Herzegovina Milorad Dodik on June 10, billionaire Mai Vu Minh - Chairman of the Board of Directors of SAPA Thale group based in Germany, Nguyen Dac Nghiep - German MP and CEO of SAPA Thale and other leaders of the group visited and worked in Bosnia and Herzegovina.

Vietnam is facing four key challenges, including the risk of becoming a country that have commercial friction with the US, early non-industrialization, not being able to participate in industrialization production chain and not really grasping the automotive industry, according to a Japanese expert.

Da Lat is entering the high tourism season when travelers, Vietnamese and foreign, flock there to avoid the summer heat.

Following the removal of the limit, Vietnam’s central bank said it would only maintain the monthly limit of VND100 million (US$4,284) for each individual.

French organic coffee chain Malongo is looking for partners to enter Vietnam as part of its plan to expand in Asia.  

Eighteen funds have committed to pouring US$434.8 million into startups over the next three years while many cooperation agreements between the Ministry of Planning and Investment, funds, and startups have been inked at the Vietnam Venture Summit held recently in Hanoi.

Competition is fierce among the top five coffee shop chains in Vietnam, but Highlands Coffee tops the revenue spot.  

A conference gathering commercial counselors and head of trade offices of Vietnam in Europe took place in Moscow, Russia on June 11. 

The total automobile sales in the first five months of 2019 surged by 22 percent year-on-year to 126,646 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on June 11.

The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings. 

VOV.VN - The first Overseas Vietnamese Economic Forum has presented a huge opportunity for both local and foreign businesses to collaborate and introduce products to the world, seek further investment opportunities, and utilize advanced technologies.