After more than 19 years of operations, Vietnam’s stock market now has three exchanges with more than 1,000 listed stocks. However, for many investors, the first stocks listed on the market always have a deeper sentimental and nostalgic value when told about them.
The steel industry has long been considered the “spine” of the industrial sector because it has a direct impact on the field of construction, real estate and the turnover of imports, exports and trade.
Facebook took a major step on Monday towards formalizing its planned cryptocurrency Libra, establishing a council of 21 firms committed to launching and overseeing the currency — a move overshadowed by more than half a dozen of its initial partners dropping out.
The steel market across the world recorded a slowdown as trade tensions between the US and China remain unresolved, and all major global economies showed a negative growth rate, with substantial decrease in production activities and a slowdown in demand for steel as well.
The Vietnam Chamber of Commerce and Industry (VCCI) will host the Vietnam Business Summit-2019 (VBS-2019) on 16 October in Hanoi, with the theme "Vietnam-A Trusted Business Partner in the Digital Age”.
At the third-quarter meeting of the National Financial and Monetary Policy Advisory Council, chaired by Deputy Prime Minister Vuong Dinh Hue, most of the council members gave a positive evaluation of the management of financial and monetary policies over the past months of 2019, besides making key recommendations for forthcoming tasks in the remaining months of the year.
After announcing the cancellation of international bidding, the Ministry of Transport recently decided to go for domestic bidding in order to looking for investors for the BOT (build-operate-transfer) North-South expressway project.
At a seminar organized by the Business Forum Newspaper in Ho Chi Minh City titled, ‘Opinions to overcome difficulties of Real Estate Enterprises’, many experts believed that conflicts and overlapping of legal regulations in the construction sector have led to delays in many projects, even those that were inspected and audited a long time back, creating opportunities for corrupt activities.
When calling for investments in infrastructure projects, state owned enterprises (SOEs) are often the first choice, because the debt is included in the accounting report of the enterprises, not on the Government.
Vietnam needs more investment capital for upgrading its overall infrastructure, if it wants to maintain a steady growth rate and create a momentum for economic development in the mid-term and long-term period.