Vân Đồn Economic Zone in northeastern Quảng Ninh Province needs US$70.2 billion by 2050 for its investment demands, according to the provincial People’s Committee.

The State Bank of Việt Nam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the Vietnamese đồng against the US dollar for the first time since February 2018.

The Government has issued measures to boost non-cash payment methods in the country this year.

Minister of Finance Đinh Tiến Dũng has asked for enhanced price management to prevent any sudden cost hikes before, during or after the Tết (Lunar New Year) holiday in the beginning of February.

The central city of Đà Nẵng granted new licences to 126 foreign direct investment (FDI) projects in 2018 with a total investment value of US$155.9 million – double the level it saw in 2017.

Việt Nam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.

The HCM City Real Estate Association has rejected media reports that there has been a surge in the purchase of housing in HCM City by foreigners, with most being from mainland China and Hong Kong.

There was a surge in sales at supermarkets and shopping malls during the four-day New Year holidays.

The local Truong Hai Automobile Company (Thaco) has invested VND4.5 trillion (nearly US$200 million) in a manufacturing plant to produce cars for luxury European brands in the central province of Quảng Nam.