The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.

The Government hopes to attract 135,000 new firms in 2018. Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said this was achievable, but would require quick reforms.

Hà Nội’s export management authorities have set out to invigorate local firms to achieve an ambitious goal of growing export turnover some 7.5 to 8 per cent in 2018.

Many supermarkets are launching attractive promotion programmes in the days ahead of Tết (Lunar New Year) to attract customers. Tết falls on February 16 this year.

The committee for the management of State capital at enterprises must focus on two key long term tasks; which are bolstering the equitisation and divestment of State capital and improving the capacity and efficiency of State-owned enterprises, especially large corporations, said Prime Minister Nguyễn Xuân Phúc.

Farmers who grow watermelon in Cà Mau Province’s Cà Mau City are raking in high profits because of a bumper harvest and rising prices for the Tết (Lunar New Year) holiday when the fruit is used on virtually every family altar.

Vietnamese shares posted a strong comeback on Monday after a two-day collapse, due to strong investor interest in large-cap stocks that led the market upturn on expectations of good earnings reports.

Việt Nam earned some US$321 million from fruit and vegetable exports in January 2018, a year-on-year increase of 36.9 per cent, says the Ministry of Agriculture and Rural Development (MARD).

The gold prices of two Vietnamese gold bars on Monday increased significantly from VNĐ70,000 (US$3.07) to VNĐ110,000 per tael, in line with the global trend.