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.
MINISTRY WANTS 12 TYPES OF GOODS, SERVICES REMOVED FROM VAT EXEMPTION LIST
These include fertilizer, machinery and equipment specifically used for agricultural production, offshore fishing vessels, securities depository, public utility telecommunication services, and internet services under government programs.
CREDIT GROWTH REMAINS FAR FROM GOVERNMENT TARGET
Credit within the banking system to the end of May 2024 increased by only 2.41 per cent against the end of 2023, far from the credit growth targets, the Government reported. The Government has set a credit growth target of 5 per cent for the first six months of 2024 and 15 per cent for the whole year.
