Việt Nam News

Việt Nam faces a possible return to a trade deficit this year after three years of enjoying surpluses, experts said pointing to the sharp rise in imports and increasing difficulties facing exports.

The Mekong Delta province of Trà Vinh is resolved to revoke licences of delayed projects, while rolling out measures to attract more investment in the locality.

The fisheries sector has set itself an export target of US$10 billion this year, the target set by the Government only for 2020, according to the Việt Nam Association of Seafood Exporters and Producers (Vasep).

Việt Nam is expected to receive more foreign direct investment (FDI) from Japan in the coming years as part of its strategy to shift investment attraction towards high-quality capital.

Leaders of the Mekong Delta province of Vĩnh Long pledged to work with enterprises during a gathering with local businesspeople last Friday.

After performing quite well in the first trading week after returning from a week-long Tết (Lunar New Year) holiday, market volatility is in focus this week with strong profit-taking possible following the rallies of local stocks.

The Central and Central Highlands Region has been told to work harder to make tourism a key economic sector of the whole region.

The balance of the petrol price stabilisation fund at Việt Nam National Petroleum Group (Petrolimex) was VNĐ1.72 trillion (US$73.8 million) as of Friday, the group said.

Localities in the central region need to pay special attention to enhancing regional connectivity in their development policies, Prime Minister Nguyễn Xuân Phúc said at a meeting of the Council for the Central Key Economic Region in the central province of Thừa Thiên-Huế on February 15.

A Singaporean company will invest in a textile project in the Việt Nam-Singapore Industrial Park in Nghệ An Province (VSIP Nghệ An).

The Ministry of Industry and Trade will transfer State capital ownership representative rights in five enterprises to the State Capital Investment Corporation (SCIC) in the first quarter of this year.

The trip from Vũng Tàu City to Côn Đảo Island in the southern coastal province of Bà Rịa-Vũng Tàu will now take only three hours compared to the previous 13 hours of slower boats, thanks to a new high-speed boat service that began yesterday by Phú Quốc Express Joint-Stock Company.

The central city’s construction department has listed 17 commercial housing projects that allow foreigners to own homes, including eight in Sơn Trà peninsula and six in the downtown Hải Châu district.

Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.

Long An Province aims for a Gross Regional Domestic Product of 9.6 per cent and a GRDP per capita of VNĐ74 million (US$3,184) for 2019.

Việt Nam will officially measure the non-observed economy in 2020 to take stock of economic activity taking place unlawfully or at an unregistered household level, under a project recently approved by Prime Minister Nguyễn Xuân Phúc.

Vietnamese shares corrected from a four-day rally on strong selling pressure as investors attempted to cash out from the surging markets.

Việt Nam on Thursday received a Category 1 aviation safety rating from the US Department of Transportation’s Federal Aviation Administration (FAA).