In 2018, the province lured above $532 million in foreign direct investment (FDI), up 51.3 per cent year on year.
Shares declined further on Thursday with VN-Index breaking last year’s bottom of 880.85 points as a series of blue-chip stocks were hit hard, partly due to the affect of falling global market.
The life insurance industry will grow at over 25 per cent this year, according to the Insurance Association of Việt Nam.
Việt Nam’s economy expanded by 7.1 per cent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.
The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Việt Nam.
The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lạc Hồng, Thường Tín and Eurowindow Nha Trang.
The Lunar New Year holiday offers great opportunities for artists in the Mekong Delta to earn high income from customers who request unique shapes for their ornamental trees, from an image of a Buddha to a favourite pet.
The Ho Chi Minh Stock Exchange (HoSE) has approved the listing of State-owned glass and construction ceramics producer Viglacera on the southern bourse.
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.
As Tết approaches, authorities are working to help flower farmers avoid losses, which occurred last year during the holiday season. .