LAND LAW 2024 DISSEMINATED TO VIETNAMESE COMMUNITY ABROAD
The Ministry of Foreign Affairs' State Committee for Overseas Vietnamese (SCOV) in coordination with the Hanoi Bar Association organised a conference on June 27 to popularise regulations and laws regarding the Land Law 2024 of Vietnam to overseas Vietnamese (OVs).
FDI INFLOWS ROSE BY 13.1 PER CENT IN H1
In the first half of the year, foreign direct investment (FDI) reported an increase of 13.1 per cent, while FDI disbursement also surged by 8.2 per cent on year. According to the latest report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, the total registered FDI in the first half of the year was $15.2 billion, up 13.1 per cent.
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.
ADVANCING 5G NETWORK COMMERCIALIZATION
To commercialize 5G nationwide, in 2019, MIC granted testing licenses to carriers and issued many support policies to promote 5G network and application development. Meanwhile, Vietnamese telecom firms have also constantly invested, researched and implemented many activities to develop and expand 5G network operations.
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.
