The market is open to giants with enormous financial resources to become the leaders. However, this competition itself, as well as e-commerce, is predicted to be cutthroat.

Analysts of VnDirect Securities believe that the ban would have big impact on the Chinese telecom equipment manufacturer, but the Vietnamese smartphone market will not be affected much.

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 should develop quality varieties and improve cultivation techniques if the country wishes to bolster shipments of dragon fruits, experts said at a seminar held by the Ministry of Agriculture and Rural Development (MARD) and the Embassy of New Zealand in Vietnam on June 5.

Moc Chau district in the northwestern mountainous province of Son La is striving to export 400 – 500 tonnes of mango to China, after its specialty fruit was licenced to enter the market 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.

The Vietnamese Party, State, Government and localities always create favourable conditions and protect legitimate rights for foreign firms, including the Republic of Korea’s SK Group, to land technology investment in the country amid the Fourth Industrial Revolution, Prime Minister Nguyen Xuan Phuc said on June 5.

The Vietnamese Government prioritises capable and prestigious contractors for the state’s transport projects, Deputy Prime Minister Trinh Dinh Dung said at the National Assembly’s Q&A session on June 5.

Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals. 

Hoa Phat Group has said it sold 226,000 tonnes of construction steel in May with a 3.5-fold increase in southern market, raising the five-month figure to 1.16 million tonnes, up 22.4 percent year-on-year. 

Domestic consumption continued to grow in five months of this year thanks to abundant supply, said the Ministry of Industry and Trade (MoIT)’s Domestic Market Department. 

Accepting the invitation of First Deputy Prime Minister and Minister for Foreign Affairs of the Republic of Serbia Ivica Dačić, at the beginning of June 2019, billionaire Mai Vu Minh - chairman of SAPA Thale group,headquartered in Germany, Nguyen Dac Nghiep - CEO of SAPA Thale and German congressman and other leaders of the group paid a working visitto the Republic of Serbia. 

A delegation led by President of the Vietnam Academy of Social Sciences (VASS) Prof Dr Nguyen Quang Thuan attended an international symposium on Vietnam-Russia cooperation in Russia on June 4.

Standards for Vietnamese ecological seaports will help build a professional environment management system, thus raising seaport management units’ awareness of environmental protection, said Dr. Du Van Toan from the Vietnam Administration of Seas and Islands’ Vietnam Institute of Seas and Islands. 

VOV.VN - African swine fever have broken out in 52 localities across the country, causing an estimated VND3.6 trillion (US$154.8 million) in damage, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The State Bank of Vietnam is encouraging credit institutions to forge closer ties with fintech firms in order to develop Industry 4.0-based applications and subsequently offer more benefits to individual users and enterprises.

VOV.VN - The price of coffee has undergone another surge during the past week after prices fell to below VND30,000 per kilo in mid-May.

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.

National campaign has succeeded in boosting awareness and acceptance of local products and brands, the VCCI says.  

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.

India’s solar PV module manufacturer Waaree Energies announced on June 4 that it has officially put into operation a 50MW ground-mounted solar plant in Vietnam.

The Cabinet on 28 May 2019 approved the proposal by the Eastern Economic Corridor (EEC) Policy Committee to assign the State Railway of Thailand to co-invest with the selected private company in constructing a high-speed rail project linking three airports. 

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.

Though the current legal regulations allow foreign investors to fully own a local firm, it still prevents the investors from pouring funds into some conditional business lines, such as banking and aviation sectors with foreign ownership cap limited at 30 percent.

Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate. 

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. 

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.

The Mekong Delta province of Hau Giang introduced its advantages to businesses of the Republic of Korea (RoK) on June 4 in an effort to attract more investment from this country.

 “Thieu” lychee, a specialty of Luc Ngan district in the northern province of Bac Giang, will be promoted in Hanoi from June 7 to 16.

Da Nang will build a new terminal, T3, at its international airport with total investment of 9 trillion VND (391 million USD), increasing the airport’s capacity to 28 million passengers and 200,000 tonnes of cargo by 2030.