Business News

1. Savings interest rates slightly increase
2. SBV asked to weigh piloting virtual currencies
3. Flexible approach needed between Covid-19 fight and economic recovery: PM
4. Farm exports expected at $45 billion this year
5. HCM City posts 5pct growth in exports
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The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

The consumer price index (CPI) in June increased by 0.19% compared to the previous month, according to the General Statistics Office.

At a press conference following the Government’s regular meeting in Hanoi on July 1, Phuong said under the first scenario with a growth target of 6% for the whole year, growth in the third and fourth quarters should reach 6.2% and 6.5%, respectively, provided that the COVID-19 pandemic is basically curbed in July and there are no pandemic clusters in industrial parks and no social distancing in major cities and provinces.

1. Vietnam signals interest in blockchain and cryptocurrency
2. Credit to small businesses remains weak
3. Cryptocurrency fever leads to dead end for some investors
4. HCM City continues to post economic growth
5. Free trade agreements fuel growth of seaport operators
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1. Friction wedge supply-bid extend
2. Limestone silo supply and installation
3. Experimental equipment supply
4. Air compressor, ventilator supply
5. Electric equipment and materials supply
----and more news

With a rising middle-class income, and a young and highly tech-savvy workforce, investors see a potential to tap into consumer market of almost 100 million people. A unique position embedded in a matrix of free-trade-agreements rounds off this profile as a prime destination to enter Asia.

VBF Investment & Trade Working Group (ITWG) is planning for an online meeting with the Ministry of Planning and Investment within July 2021. The discussion tends to focus mainly on challenges in implementing LOI/ LOE/ its guiding documents and obstacles to investment projects.