Việt Nam News

The International Exhibition on Machineries and Technologies of Agriculture, Forestry, and Fishery (Vietnam Growtech 2018) opened yesterday at the Hà Nội International Exhibition Centre (ICE) in the capital.

The contribution of many SOEs to economic development is low compared to their potential, said the Prime Minister Nguyễn Xuân Phúc.

The National Assembly passed a series of new socio-economic targets this month, but some people have raised concerns about the feasibility of the goals legislators have set. Trần Toàn Thắng, director of the National Centre for Economic Forecast and Information’s World Economy Department, speaks to Việt Nam News reporter Nguyễn Hoàng Sơn about the debate.

The Vietnamese internet economy has almost tripled in three years to reach US$9 billion in 2018, driven by e-commerce and online media, a new report released by Google and Temasek showed.

A wide range of technologies, equipment, products, and services used in the textile and garment industry are on display at the 18^th Vietnam International Textile & Garment Industry Exhibition (VTG 2018), and the Vietnam International Textile and Apparel Accessories Exhibition (VitaTex), which opened on Wednesday in HCM City.

A total 797 companies had traded shares on the Unlisted Public Company Market (UPCoM) as of Monday, exceeding the total number of listed companies on the Ho Chi Minh and Hà Nội stock exchanges and putting pressure on market management and supervision.

Asia Pacific is the fastest aging region of the world with over 200 million people expected to move into the ranks of the elderly (aged 65 years and above) between now and 2030, according to the Asia Pacific Risk Centre.

Shares edged up in the last minutes on the Hồ Chí Minh Stock Exchange on Wednesday, pushed up by strong growth of heavyweight stocks like Vinamilk, Vincom Retail and Vietcombank.

The franchise market features both domestic and foreign enterprises. The ministry said there were 213 businesses with hundreds of trademarks licensed for franchising in Việt Nam over the last decade.

The retail price of biofuel E5 RON 92 fell by VNĐ975 to trade at a maximum of VNĐ18,627 (US$0.79) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced.

Resort tourism in Hà Nội’s suburbs and neighbouring areas has seen potential for higher growth, experts said.

Motor Image Viet Nam – the exclusive authorised distributor of Subaru cars in Việt Nam – has officially launched the first Subaru 3S showroom in the central city of Đà Nẵng.

The fourth industrial revolution is expected to create new technology industries which could drive Việt Nam’s economic growth, said Nguyễn Thị Tuệ Anh, the Central Institute for Economic Management (CIEM) deputy director.

The Ministry of Finance has issued a decision approving the removal and simplification of a total of 176 out of 978 administrative procedures under the ministry’s management.

Vân Đồn International Airport in the northern province of Quảng Ninh, developed by Sun Group, is on track to start commercial flights by the end of this year, with construction of the technical system neared completion.

Prime Minister Nguyễn Xuân Phúc participated in a ceremony launching the “Vietnamese goods conquer Vietnamese people” programme and introducing new products from local automaker VinFast in Hà Nội on Tuesday.

A volatile global market plus higher year-end demand has pushed gold prices in Việt Nam up over the last six weeks with more hikes expected.

Việt Nam’s cashew industry would need to restructure production and processing in order to ensure enough raw materials for sustainable development, according to experts.