Việt Nam News

Hà Nội’s People’s Committee has decided to supplement capital to lower and expand Âu Cơ Road along the Hồng (Red) River Dyke in Tây Hồ District to ease traffic congestion.

The central bank’s daily reference exchange rate of the US dollar against the Vietnamese đồng has been adjusted up slightly in recent sessions, pushing it to the highest level since early this year.

In the first 11 months of this year, total foreign direct investment (FDI) in new industrial and economic zones increased by US$8.3 billion, according to the Department for Economic Zones Management under the Ministry of Planning and Investment.

The Asian Development Bank (ADB) has approved a US$100 million policy-based loan to develop Việt Nam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.

Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 points in the previous month to reach 56.5 points in November, according to the latest survey from Nikkei’s IHS Markit, released on Monday.

About 13,000 cars worth US$260 million were imported to the Vietnamese market in November, up 2,000 units and $27 million compared with previous month, according to the most recent General Statistics Office (GSO) report.

Vinhomes Joint Stock Company, a member of property developer Vingroup, officially launched the VinCity Sportia project on Tuesday.

Chairman of the Hanoi People’s Committee Nguyễn Đức Chung had a working session on Monday with Lotte Chairman Shin Dong-bin from the Republic of Korea (RoK) on the group’s business results in 2018 and its plan to expand investment in the capital city.

The Hà Nội Stock Exchange (HNX) organised five auctions for divestment in November with total transaction value of more than VNĐ9.7 trillion (US$415 million).

The country’s total retail sales and services revenue reached US$156 billion in the first 11 months of the year, rising 11.5 per cent over the same period last year, or 9.34 per cent with inflation excluded.

Việt Nam is seen as a gateway for businesses from the Republic of Korea (RoK) to enter the ASEAN market, said experts at a forum in Hà Nội on December 3.

The world economy is forecast to witness sluggish growth in 2019, due to both the business cycle and a rise in uncertainty that poses big challenges for both the government and businesses.

When I first went to Phleek, a start-up company, I was immediately struck by a blackboard on which a business plan with five targets was written.

The cement production industry may face increasing pressure from an anticipated excess of supply over demand, although the industry posted good sale results this year.

The authorities of Vũng Tàu City in the southern coastal province of Bà Rịa-Vũng Tàu have approved adjustments to the city’s development plan to 2035.

Vietnamese shares posted a strong comeback on Monday following last Friday’s slump, thanks to hopes US-China trade tensions will ease.

The southern province of Đồng Nai attracted US$1.76 billion in foreign direct investment (FDI) in the first 11 months of the year, surpassing the yearly target by 76 per cent, according to the provincial Department of Planning and Investment.

Kiên Giang Province will open six more industrial clusters by 2020 and 14 by 2025 to improve the production value of its industries.