Investment capital

Recovery trend Vietnam’s economic growth was on the rise in the first half of this year. Specifically, the country’s index of industrial production (IIP) advanced 8.91 percent, according to the GSO. The processing and manufacturing sector, the main driver of the surge, went up 11.42 percent, contributing 2.9 percentage points to the overall growth. In the second quarter alone, the index of industrial production rose 11.45 percent, nearly double the growth in the first quarter. The agriculture, forestry and fishery sector increased 3.69 percent, jumping from the 2.42 percent growth in the first six months of 2020. Foreign trade in goods reached US$316.73 billion, up 32.2 percent year on year, with exports totaling US$157.63 billion (up 28.4 percent) and imports hitting US$159.1 billion (up 36.1 percent). Already invested capital in the first six months totaled an estimated VND1.17 quadrillion (US$50.87 billion), up 7.2 percent year-on-year, much higher than the three …

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A worker in a factory in the northern province of Bac Ninh. (Photo: VNA) Hanoi - As many as 1,104 out of 1,120 enterprises at Bac Ninh industrial zones have resumed operation, according to a representative of the Management Board of Bac Ninh Industrial Parks. As many as 314,203 out of 320,485 workers have returned to work with strict pandemic prevention measures in place, the representative said. Currently, businesses in Bac Ninh industrial zones are having a lot of orders. Despite suffering impacts from the COVID-19 outbreak in May and June, enterprises in Bac Ninh's industrial zones earned production value of nearly 550,000 billion VND (23.8 million USD) in the first six months of the year, up 11 percent compared to the same period last year. Of which, export value reached 16.211 billion USD, a year-on year increase of 16 percent while imports valude at 11.675 billion USD, up 28 percent over last year’s figure. The enterprises contributed 5.1 trillion VND to the State …

[Read more...] about Over 1,100 enterprises in Bac Ninh IZs resume operations

EVFTA - A catalyst for Vietnamese businesses: diplomat The European Union-Vietnam Free Trade Agreement (EVFTA) has created a favourable corridor for trade between the two sides and brought new impetus to economic cooperation between Vietnam and the EU, Nguyen Van Thao, head of the Mission of Vietnam to the EU, has said. Thao, who is also Vietnamese Ambassador to Beligum and Luxembourg, told Vietnam New Agency in an interview on prospects for further promoting the EVFTA in the future. He said the agreement took effect on August 1 last yer at a hard time when EU countries were very heavily affected by the COVID-19 pandemic. This year, the pandemic has  continued to break out in Southeast Asian countries. Vietnam is not an exception. The country has also suffered big impacted by the pandemic. However, trade turnover between Vietnam and the EU still reached 50 billion USD last year, and grew by 4.5 percent in the last five months of 2020. This was an encouraging …

[Read more...] about VIETNAM BUSINESS NEWS AUGUST 1

Thao, who is also Vietnamese Ambassador to Belgium and Luxembourg, told Vietnam News Agency in an interview on prospects for further promoting the EVFTA in the future. He said the agreement took effect on August 1 last year at a hard time when EU countries were very heavily affected by the COVID-19 pandemic. This year, the pandemic has continued to break out in Southeast Asian countries. Vietnam is not an exception. The country has also suffered big impacts by the pandemic. However, trade turnover between Vietnam and the EU still reached USD 50 billion last year, and grew by 4.5 percent in the last five months of 2020. This was an encouraging result given the context of 2020 when the EU’s Gross Domestic Product (GDP) declined by 6.2 percent, he said. In  addition, the EU's economy shrank 0.4 percent in the first quarter of this year, but two-way trade turnover still increased by 15 percent. Thus, Thao said, it affirmed the strong effect of the EVFTA. According to the …

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Honourable international award “collection” of Vietnam tourism Real estate firms aim to adapt and thrive in the “new normal” Vinhomes activates the “Happy Home” program for apartment owner – lessee connection at stage 2 Vinhomes to officially launch The Miami subdivision in Hanoi's west UNLOCKING THE SYNERGIES OF URBAN BRANDED RESIDENCES IN VIET NAM Nguyen Ho Nam, chairman of Bamboo Capital JSC, and Pham Minh Tuan, BCG Energy’s CEO, at the online signing ceremony to set up a joint venture for investing in rooftop solar and exploring other renewable energy sources in Vietnam with SP Group on July 30. SINGAPORE, VIETNAM — SP Group and BCG Energy Joint Stock Company, a wholly owned subsidiary of Bamboo Capital JSC, on August 2 announced the formalisation of a joint venture to invest in rooftop solar and explore other renewable energy projects in Vietnam. This partnership marks SP’s first joint venture in Vietnam. The JV, 51 per cent owned by BCG Energy and …

[Read more...] about SP Group enters Vietnam solar power market through joint venture with BCG Energy

On the Ho Chi Minh Stock Exchange, the VN-Index increased 1.27 per cent to close Friday at 1,310.05 points, expanding the weekly gain to 3.3 per cent. — VNA/VNS Photo Shares are expected to move positively this week on significant growth of both scores and liquidity, brokerages said. On the Ho Chi Minh Stock Exchange, the VN-Index increased 1.27 per cent to close Friday at 1,310.05 points, expanding the weekly gain to 3.3 per cent. An average of 523 million shares were traded on the southern exchange during each session last week, worth VND17 trillion (US$738.6 million). “The VN-Index exceeded the 1,300-point mark last Friday with an increase in liquidity,” said experts from BOS Securities Joint Stock Company (BOS). “Technical indicators all show the possibility that the market will continue to gain in the coming sessions. Most likely, VN-Index will maintain its uptrend and head to the area of ​​1,330 points next week," they said. Sharing the same view, MB Securities Joint …

[Read more...] about Share to keep positive trend on rising liquidity