Viet Nam needs to update its legal framework related to foreign investment.
The average price of cashew has inched up on the global market this year, but the Vietnamese processing industry continues to face challenges.
The HCM City chairman has hailed the Ho Chi Minh Stock Exchange for contributing to the steady development of the country’s stock market and the city’s financial market and to the equitisation of State-owned enterprises in the city.
The Vietnamese stock market was Southeast Asia’s most successful market in 2018 in terms of capital mobilisation, said Deputy Prime Minister Vuong Dinh Hue.
Registering for and protecting geographical indication (GI) for Vietnamese specialities are needed to protect, add value to unique products and promote their exports, experts have said.
Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares, said an official from the Ministry of Industry and Trade (MoIT).
Vietnamese firms should focus on environmental protection and corporate social responsibility when investing abroad to develop sustainably and promote the socio-economic development of their host countries, experts have urged.
Trung An Hi-tech Farming JSC in the Cuu Long (Mekong) Delta has been exporting rice under foreign brand names for many years though it is itself one of the biggest rice exporters in Viet Nam.
The mass trade of imitation products and a lack of Geographical Indication (GI) are seen as major reasons behind falling prices for Ly Son garlic, the product known as the ‘King of Garlic.’
Over the past decade, Vietnam has attracted a great deal of foreign direct investment into its industrial manufacturing and electronic sectors. Previously, overseas investors had complained about weaknesses in the country’s supporting industries, but recent changes have contributed to attracting fresh investment.