Việt Nam’s exports more sophisticated: WB

Việt Nam’s exports were becoming more sophisticated with an impressive diversification of its export basket and increases in the shares of higher-value manufacturing exports,  according to a recent World Bank’s report about updates on the country’s economic development.

Improved business climate helps economy

The Vietnamese economy grew 7.08 per cent in 2018, the highest growth rate for the past 11 years, fuelled by an improved business climate, positive economic structure transformation and impressive exports, the latest updates from the General Statistics Office (GSO) revealed.

Cold chain logistics improving

Although the cold chain logistics sector in Việt Nam is considered small and fragmented, the market has shown signs of improvement due to the increasing demand for high quality products.

VN-Index ends 10-day losing streak

Vietnamese shares rebounded strongly from the previous losing streak but it was seen as a technical recovery as investors were still cautious ahead of the year-end holiday.

Leather, footwear sector needs supporting industry

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, according to Deputy Minister of Industry and Trade Cao Quốc Hưng.

Vĩnh Long Province gets hi-tech factory

TOWA Industrial Vietnam Co.Ltd has begun construction of a high-tech factory to produce precision machine parts at the Hòa Phú Industrial Park in the Mekong Delta province of Vĩnh Long.

Lào Cai Gold JSC to trade on UPCoM

The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market.

Pharma sector expects solid growth

Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 per cent of firms anticipating an annual industry growth rate of more than 10 per cent.

Tourism master plan developed

The southern coastal province of Bà Rịa-Vũng Tàu authorities have approved a master plan for tourism development by 2025 with a vision to 2030. 

NEWS FROM MEDIA-OUTREACH

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