Domestic firms should make great efforts in the competition with foreign invested firms to contribute more actively to the global value chain and participate more effectively in the world’s production network, experts said.

South Korea’s Korea Western Power Co. (KOWEPO) plans to construct a 1,200MW coal-fired power plant in the central province of Quang Tri in 2018.

Deputy Prime Minister Vương Đình Huệ has asked the Ministry of Construction in 2016-20 to speed up the divestment of the State’s stake in State-owned enterprises (SOEs) in which it acted as owner representatives.

Shares edged up slightly on the two stock exchanges on Tuesday, along with a sharp increase in liquidity, driven by positive market outlook.

The Ho Chi Minh Stock Exchange (HOSE) has sent a delisting warning to Trường Thành Furniture Corp. (TTFC) after its losses surpassed its charter capital.

A report by the prestigious global accounting firm of PricewaterhouseCooper (PWC) predicts continued economic growth for Viet Nam until 2050 period, with annual GDP increase of 5.1 per cent, on average.

The Government is determined to take drastic measures to improve business climate and competiveness indicators to reach the average level of ASEAN 4 countries by the end of this year.

Foreign direct investment (FDI) into Việt Nam reached US$1.42 billion from the beginning of the year until January 20, according to data from the General Statistics Office.

State budget revenue in January was estimated at VNĐ97.4 trillion (US$4.3 billion), the Ministry of Finance said.