Đà Nẵng’s FDI projects worth $2.9 billion

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.

Solar plants face a consumption crisis

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.

Realtors reject foreign purchase claim

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.

Thaco pours $200m into production plant

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.

Flower farmers prepare for Tết

As Tết approaches, authorities are working to help flower farmers avoid losses, which occurred last year during the holiday season. .

Exchange rate in 2018 stable despite pressure

In 2018, the State Bank of Việt Nam (SBV) maintained active and flexible management of the exchange rate to keep the domestic market stable in the face of international pressure.

SBV Deputy Governor Nguyễn Thị Hồng speaks to Vietnam News Agency about this issue.

Foreign capital attraction to see new forms: expert

Non-equity modes of investment (NEMs) would be an increasingly important form for attracting foreign capial in Việt Nam, according to Chairman of the Việt Nam Association of Foreign Invested Enterprises Nguyễn Mại.

Bell rings for new trading year

Finance minister Đinh Tiến Dũng rang the bell at the Hà Nội Stock Exchange (HNX) to start a new year for the northern equity market yesterday.

Shares disappoint as new year begins

Shares failed to maintain their rally from the morning session as selling pressure increased towards the end of the session while buying demand remained weak.

EVN accepts QR payments

Việt Nam Electricity (EVN) is co-operating with Việt Nam Payment Solution Joint Stock Company (VNPAY) to enable online QR payments of electricity bills.

Foreign currency lending extended into 2019

The State Bank of Việt Nam (SBV) has issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.

Retail sales rise on strong domestic demand

Total retail sales of goods and services in Việt Nam reached nearly VNĐ4.4 quadrillion (US$191 billion) in 2018, representing a rise of 11.7 per cent against the previous year, according to the General Statistics Office (GSO).

Việt Nam posts positive year in 2018

The Vietnamese manufacturing sector continued to record solid growth in December, helping the country show the strongest upturn in ASEAN during the last month of 2018.

Budget collection exceeds 2018 plan

State budget collection totalled VNĐ1.42 quadrillion (US$61.7 billion) in 2018, seven per cent more than the target for the full year, according to the Việt Nam State Treasury.

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