HANOI REPORTS IMPORT-EXPORT TURNOVER OF $28.6 BILLION
Key products seeing an increase in turnover in the first half of the year include computers, electronic products and spare parts worth $1.25 billion (up 13.6 per cent on-year), transport vehicles and related products worth $1.06 billion, and agricultural products worth $836 million, among others.
NEW MANUFACTURING ORDERS SURGE TO NEAR-RECORD HIGH
The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose sharply to 54.7 points in June from 50.3 points in May. Not only did this show a third consecutive monthly improvement in the sector, but it also indicated that business conditions strengthened markedly. In fact, the improvement in operating conditions was the joint-strongest since November 2018, equal to those seen in April 2021 and May 2022.
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.
