News

Vietnamese shares opened Tuesday morning on a positive note but increased selling pressure pushed the stock market down at the end of the session.

The State budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Việt Nam, making it more difficult for the Government to help the economy head towards growth, said Professor Trần Thọ Đạt, principal of the National Economics University (NEU).

Hải Phòng needs more than VNĐ3.5 trillion (US$147 million) to invest in developing logistics services in the northern port city over the next two years.

Cashew prices are low at present, according to the Việt Nam Cashew Association (Vinacas).

Việt Nam posted a trade deficit of US$5.2 billion with China in the first two months of this year, according to the General Department of Customs.

Australia’s Macquarie Capital will soon invest in large-scale clean and renewable energy projects in Việt Nam, said its Chairman and Executive Director John Walker.

The State Bank of Vietnam (SBV) will launch more effective credit programmes to support agricultural production and improve local livelihoods, making contributions to boosting economic growth while wiping out black credit in rural areas.

Australia-based Macquarie Capital, one of Australia and the world’s major investors, plans to invest in Vietnam’s clean and renewable energy projects, said the company’s Chairman and CEO John Walker.

Ho Chi Minh City is calling for foreign investment in 255 projects in the fields of infrastructure development, smart urban, and environment, among others, according to Nguyen Thien Nhan, secretary of the city's Party Committee.