Business News

Nguyễn Hoàng Minh, deputy director of the SBV’s HCM City branch, said the central bank is working with local authorities, the HCM City Union of Business Associations and other agencies to ease funding difficulties faced by businesses.

Currently, dairy products are subject to 5-20 per cent tariffs. For instance, for cheese it is 10 per cent. However, the EVFTA will gradually eliminate all duties. Under these circumstances, dairy trade flows between the EU and Vietnam will most likely increase.

There were 444.3 million shares worth VND9.19 trillion changing hands, rising by 14% in volume and 17% in value against the session earlier. The southern market saw nearly 59 million shares traded in block deals worth VND1.45 trillion.

Việt Nam's leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Domestic and foreign capital flow is expected to bolster real estate shares after the COVID-19 pandemic as many investors are paying attention to the industry.

New-generation free trade agreements are increasing the importance of domestic logistics groups, with Vietnam emerging as a safe yet high-return market for overseas parties pouring money into new developments.

Further clarifying the legal framework for infrastructure development via wider participation of private investors is expected to help the country attract more funding into the industry.

This month Masan MEATLife, a subsidiary of Masan Group, commissioned the VNĐ1.8 trillion (US$77.6 million) MEATDeli Saigon Meat Processing Complex in Long An Province.