MobiFone Telecommunications Corporation, one of Việt Nam’s three largest mobile network operators, posted pre-tax profit of nearly VNĐ6.05 trillion (US$258.33 million) in 2018, fulfilling its target for the year and representing a rise of 7.5 per cent compared to 2017.

Việt Nam National Garment and Textile Group (Vinatex) posted revenue of nearly VNĐ48.7 trillion (US$2.08 billion) and pre-tax profit of VNĐ1.53 trillion in 2018, a year-on-year increase of 6.6 per cent and 6.2 per cent, respectively.

Việt Nam’s exports were becoming more sophisticated with an impressive diversification of its export basket and increases in the shares of higher-value manufacturing exports,  according to a recent World Bank’s report about updates on the country’s economic development.

The Vietnamese economy grew 7.08 per cent in 2018, the highest growth rate for the past 11 years, fuelled by an improved business climate, positive economic structure transformation and impressive exports, the latest updates from the General Statistics Office (GSO) revealed.

Although the cold chain logistics sector in Việt Nam is considered small and fragmented, the market has shown signs of improvement due to the increasing demand for high quality products.

More than 16,600 cases of smuggling and trade fraud have been uncovered this year, up 10 per cent against last year, the General Department of Việt Nam Customs reported.

Vietnamese shares rebounded strongly from the previous losing streak but it was seen as a technical recovery as investors were still cautious ahead of the year-end holiday.

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, according to Deputy Minister of Industry and Trade Cao Quốc Hưng.

Around 220 businesses are displaying a wide range of products at the 2018 Consumption Promotion Fair which opened in HCM City yesterday (December 27).