Who will benefit from the weaker dong?
A new year has come, bringing with it some good news for exporters : the State Bank of Viet Nam has decided to depreciate the dong by 1 per cent.
Small foreign firms make beeline for VN
After investments by large foreign companies in the past decades, Viet Nam is currently seeing an influx of capital from small and medium enterprises from countries and territories all over the world, according to Vuong Dinh Hue, head of the Central Economic Commission.
Banking sector sets ambitious 2015 targets
At a conference held in late December the banking sector announced its main tasks for 2015. But the goals, based on the industry's results in 2014 and not set too high, may yet be difficult to achieve.
HCM City-Vung Tau hydrofoils back on the water
Vina Express Company has resumed operation of two of its hydrofoils between HCM City and Vung Tau after their suspension nearly a year ago.
Banks on track for 12% credit growth target
The State Bank of Viet Nam announced recently that banking credit grew by 10.22 per cent in the first 11 months.
Private investors fund city infrastructure
To raise funds for infrastructure works, HCM City has called for private investments in BT (build-transfer) projects.
Fresh funds breathe life into housing market
Though the extent of the housing market recovery is not very clear, a lot of money has started flowing into the sector, clearly accelerating the revival.
City firms diversify import sources
Based companies have diversified their sources of import of materials and equipment for production lines to become less dependent on certain markets, a meeting to review HCM City's socio-economic performance this year by the People's Committee heard on Thursday.
Preference for dollar loans boosts credit growth
Companies prefer borrowing in foreign currency than the dong, with banks' foreign currency credit growth topping 20 per cent as of October.
Shrimp exports hit $3.25b with more growth expected
The Vietnamese equivalent of the English phrase ‘selling like hot cakes' is ‘selling like fresh shrimp' (Dat nhu tom tuoi). It is also an apt description of Vietnamese shrimp exports in the first 10 months of this year.
Sudden spike in lending by banks
According to the State Bank of Viet Nam, banks' credit grew by 2.93 per cent between August 21 and September 30, meaning around VND61.66 trillion (US$2.90 billion) was pumped into the economy.

Highlight

Military helicopter crash kills four crew members Military helicopter crash kills four crew members

Four crew members were killed when a Viet Nam Air Force UH-1 helicopter crashed during a training exercise yesterday morning.

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.

Ministry to tighten control over wild Ministry to tighten control over wild

The Ministry of Agriculture and Rural Development has urged relevant ministries and agencies to tighten management over centres that raise dangerous wild animals in order to ensure the safety of local people.