Business News

The newest edition of the Global Innovation Index (GII) ranked Vietnam 44th in the world, which is a considerable improvement on its average rank of 68th during 2013-2015. The country continues to take the lead in the lower-middle-income group since the previous year.

1. General purpose upturn excavator supply
2. Cement transporting system repair-bid extend
3. Equipment and tools supply-bid extend
4. Mechanical materials supply-bid extend
5. Drilling spools and adapters supply
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1. Vietnamese banks get new bosses
2. Insurance stocks see good prospect
3. Bright prospect continues for Vietnam's FDI attraction
4. Vietnam enjoys positive trade growth with CPTPP markets
5. Post-pandemic cooperation prospect of Vietnam, HK
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Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said.

Việt Nam's export turnover in July to countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), reached US$3.98 billion, a 0.79 per cent increase from June and a 21.64 per cent increase from the same period last year.

Vietnam may attract about 30 billion USD in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2 percent, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of COVID-19.

Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).

The Directive states that the fourth COVID-19 wave tied to the Delta variant has produced tremendous disruption in production, circulation, consumption and export of farm produce, particularly in areas placed under social distancing, leading to high stockpiles and tumbling prices.