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June 3, 2025 news
Market Wrap: Vietnam stock market rises, foreign investors return to net buying
The VN-Index advanced 10.95 points to close at 1,347.25, up 0.82 percent on June 3. Total market trading reached VND 25.73 trillion or US$990.57 million. The mood was upbeat as large-caps and banking stocks supported the gain.
Labour: Vietnam Ministry proposes cutting foreign work permit processing time to 10 days
Vietnam’s Ministry of Home Affairs (MoHA) is proposing to reduce the processing time for issuing work permits to foreign workers in Vietnam from 36 days to 10 days, English language news site, Vietnam News has reported.
Trade: Vietnam’s imports from China climb 2.19 percent in April
In April, Vietnam imported goods worth US$15.06 billion from China, representing a 2.19 percent increase compared to March. This brought the year-to-date total to US$53.16 billion, according to the latest data from Vietnam’s General department of Customs.
Banking & Finance: South Korea’s IBK clears key hurdle for Vietnam entry after eight-year wait
The State Bank of Vietnam has issued a confirmation letter to the Industrial Bank of Korea (IBK), signalling the official start of the review process for the Korean policy lender’s long-pending subsidiary application, The Korean Herald has reported.