Việt Nam News

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.

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).

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.

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.

Petrol retail prices were reduced, the ministries of Industry and Trade and Finance announced.

Vietnamese start-ups are still not paying adequate attention to registering intellectual property, although this type of intangible asset plays a significant role in their future development.

The General Department of Taxation’s plan of taxing business households with annual revenue from VNĐ100 million (US$4,350) is causing controversy.

Analysts and securities firms are hoping Vietnamese shares will perform better in 2019, but there are still many challenges that will clearly weigh on market sentiment.

Many textile and garment enterprises has been improving operation to prepare themselves for the list on the stock market.

The Government on Tuesday a resolution setting targets for improving business environment and national competitiveness for 2019 through to 2021.

Việt Nam should promote trade more overseas to bring in new customers and boost exports to the ASEAN region.

The province was able to attract investment in big projects in 2018, many of which lined up with the province’s goals, according to Bà Rịa – Vũng Tàu Province’s Department of Planning and Investment.

Demand for bird’s nests in China is increasing, offering opportunities for Vietnamese firms, but new measures are needed to enable producers to export the product directly to China, rather than carrying it over the border, according to the Ministry of Agricultural and Rural Development.

The Central Highlands province of Đắk Nông will introduce its investment potential and opportunities to more than 800 delegates and businesses at a forthcoming investment  promotion conference here next month.

Việt Nam will be short of 70,000 to 90,000 information and technology (IT) workers next year despite increasing salary and welfare, according to a TopDev, a recruitment network and ecosystem in mobile and IT, report on the IT market in Việt Nam.

A majority of firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO).

The HCM City housing market showed signs of unsustainability in 2018 due to an imbalance between supply and demand, a property industry business group said.

HCM City sustained its industrial expansion in 2018, recording an estimated 8.15 per cent rise in the Index of Industrial Production (IIP) from last year.