Việt Nam News

The central province of Thừa Thiên-Huế has given nod to the construction of a marine ecological tourist complex in Hải Dương Commune, Hương Trà Township. 

Việt Nam will continue to hasten efforts to improve the business climate in terms of quality to create favourable conditions for the private sector to play its role as a driver in promoting rapid and sustainable economic growth.

The central city’s international airport administration, in co-operation with Chubu Centrair airport, Japan, plans to launch daily direct flights connecting Đà Nẵng and Nagoya later this year.

Many trade centres, supermarkets and traditional markets in HCM City reopened on Wednesday, the second day of the Lunar New Year.

Competition between domestic and foreign retailers was likely to remain fierce this year, requiring Vietnamese businesses to co-operate in order to maintain their market shares, said an official from the Ministry of Industry and Trade

Vietnamese firms should focus on environmental protection and corporate social responsibility when investing abroad to develop sustainably and promote the socio-economic development of their host countries, experts have urged.

Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations.

Vietnam Textile and Apparel Association (VITAS) set the industry development target this year for export turnover at US$40 billion, which would mark a 10.8 per cent year-on-year increase.

Online-to-offline (O2O) food delivery services are expected to grow rapidly, making them red hot in the market and attract investment from many Vietnamese and foreign investors, companies said.

Vietnam Dairy Products Joint Stock Company (Vinamilk) has reported a year-on-year post-tax profit jump of 32 per cent to VNĐ2.3 trillion (US$98.92 million) for the fourth quarter of 2018.

Vietnamese e-commerce floors have been bustle with many items serving buyers and sellers as the Tết (Lunar New Year) holiday is coming.

Viettel will trial 5G around the country over the next 12 months.

The central city of Đà Nẵng will prioritise the development of tourism and services associated with commercial real estate for resorts.

With the Lunar New Year (Tết) approaching, the managements of HCM City’s wholesale markets have been instructed to monitor the market and prices and keep traders informed, the city Department of Industry and Trade has said.

The central city has launched the first stage of the Đà Nẵng Information Technology Park (DITP) in Hòa Vang district after one year of construction on 131ha with total investment of US$82 million.

The State Bank of Vietnam (SBV) buying net US$4 billion in January may be the way to lower Vietnamese đồng lending rates.

The country’s credit growth target of 14 per cent set for this year, the same rate as last year, was reasonable and achievable, economists said.

Investment and trade ties between Việt Nam and the Czech Republic have shown encouraging signs as political and diplomatic relations continue to thrive.