POLICY SUPPORT FOR DOMESTIC AUTOMOBILE MANUFACTURING AND ASSEMBLY ENTERPRISES
The Vietnamese Government has recently disseminated a decree that extends the deadline for the payment of special consumption tax on domestically manufactured and assembled automobiles. This measure is expected to bolster the recovery efforts of domestic automobile enterprises.
POLICY ON SECURITY IN ONLINE BANKING SERVICE PROVISION DRAFTED
The State Bank of Vietnam (SBV) has finalised a draft circular on safety and security in providing online services in the banking industry. Under the draft circular, the online banking system must comply with the Government’s current regulations on ensuring the information system security at Grade 3 or higher.
MARKET RECOVERS AS VN-INDEX HALTS DOWNWARD TREND
Shares rallied on Tuesday as the recovery of large-cap stocks helped the VN-Index regain 2.44 points after two sessions of falls, while liquidity dropped sharply. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose 2.44 points, or 0.19 per cent, to close the trading session at 1,256.56 points.
VN DEVELOPS A PROJECT TO PROMOTE AI APPLICATIONS
The project will also aim to accelerate the development of high-quality human resources and infrastructure system for AIG research, applications, as well as develop an AI ecosystem, promote international cooperation and contribute to the formation of a sandbox legal framework for AIG.
FOREIGN INVESTORS DOMINATE WAREHOUSE SEGMENT
A publication released earlier in June by FiinGroup said that Vietnam’s modern warehousing industry is witnessing strong expansion by foreign investors. Warehousing remains the most attractive segment in Vietnam’s logistics industry thanks to strong commercial, manufacturing, and retail activities, it said.
VIET NAM LEADS SOUTHEAST ASIA IN ATTRACTING LONG-TERM INVESTORS
A recent survey by Bain & Company found that Viet Nam leads Southeast Asia in attracting long-term investors. News website News.cn cited this survey as saying that investors believe investment activities in Viet Nam will increase by 83 percent in the period 2025 - 2030.
GOV’T TARGETS TO KEEP INFLATION BELOW 4.5% THIS YEAR
To realize the above goals, the Government tasked ministries and agencies to renew the traditional growth drivers (investment, export and consumption), while promoting new growth engines such as regional connectivity, digital economy, green economy, circular economy, and innovation, along with emerging industries such as semiconductors and Artificial Intelligence (AI).
VIETNAM EARNS US$8.62 BILLION TRADE SURPLUS IN JAN-MAY
Vietnam had a trade surplus of US$8.62 billion in the first five months of this year, according to the General Department of Vietnam Customs. The country exported goods worth US$156.28 billion in the period while spending US$147.66 billion on imports.