Việt Nam News

Dr Trần Thị Hồng Minh, Director of the Central Institute for Economic Management, talks to the Vietnam News Agency about Việt Nam’s potential for economic development in 2021

The total state budget revenue in 2020 reached more than VNĐ1.5 quadrillion (US$65 billion), as much as 98 per cent of the estimate, said Finance Minister Đinh Tiến Dũng yesterday in Hà Nội.

Việt Nam posted the fastest growth in Asia in 2020 and will again be among the most outstanding performers in the region this year, according to HSBC.

Việt Nam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-per cent broken rice from India to meet increasing demand of low-cost rice in the domestic market for producing animal feed.

Shares shook early during Friday's trading session but the strong cash flow poured into the market still pushed indices up.

The Office of the United States Trade Representative (USTR) is in the middle of gathering and analysing information and has not yet reached any conclusions or made recommendations on the trade relationship between Việt Nam and the US, according to a Ministry of Industry and Trade statement.

Viettel Group on Thursday unveiled its new branding, including a new logo and slogan, marking the firm's second rebrand after the first in 2004.

HCM City’s industrial parks and export processing zones attracted US$747.6 million worth of investment last year, a 15.7 per cent increase from 2019.

Online trade promotion offers businesses, especially small and medium-sized enterprises (SMEs), direct access to international customers, boosts their sales, speeds up the marketing process, and saves costs, experts have said.

The number of foreign direct investment (FDI) enterprises continues to increase in Việt Nam, but more are reporting losses. The Ministry of Finance (MoF) said FDI firms' contributions were not yet commensurate with the preferential policies given to them.

Việt Nam’s livestock industry hopes to increase its average production growth rate in 2021 by 5-6 per cent, according to the Department of Livestock Production under the Ministry of Agriculture and Rural Development.

The forestry sector targets the export value of timber and forest products to reach US$14 billion in 2021, according to the Việt Nam Administration of Forestry.

Việt Nam exported US$281.5 billion in goods and services in 2020, a 6.5 per cent year-on-year increase while maintaining of a positive trade balance of over $19 billion, the Ministry of Trade and Industry said in a year-end conference held yesterday in HN.

Japfa Comfeed Vietnam, a leading feed and poultry producer in Việt Nam, recently put its 6th high-tech feed mill into operation in South Central Bình Định Province. Arif Widjaja, General Director of Japfa Comfeed Vietnam speaks with Viet Nam News about the potential of the feed and poultry market as well as the company’s development strategy in Việt Nam.

A Viet Nam-Thailand Online Business Matching event was held in Hà Nội on Thursday to connect Vietnamese and Thai companies in light of COVID-19 pandemic.

Vietnamese shares rose for fifth sessions in a row on Thursday as as investors piled into financial and energy stocks.

The Phù Mỹ solar power plant in Bình Định Province began operation and was connected to the national grid on December 31 just seven months after construction began.

The southern province of Bạc Liêu should focus on super intensive, high-tech shrimp farming to become the nation’s shrimp hub, Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has said.