Growth prospects for Việt Nam this year are bolstered by strong domestic demand and prospects of a global economic revival. However, protectionism, fiscal deficit, public debt and low productivity raise questions about a possible middle-income trap - and the means to overcome it. Sebastian Eckardt, the World Bank’s leading economist in Việt Nam, speaks to Việt Nam News reporter Phương Uyên on the country’s medium-term economic progress.
The HCM City customs department aims to cut the time it takes for clearing goods by half by the end of this year, Đinh Ngọc Thắng, its deputy head, told the media on the sidelines of a meeting with American businesses on Wednesday.
The Mekong Delta City of Cần Thơ’s Trade and Investment Promotion Centre plans to promote investment in the Việt Nam – Japan Industrial Park this year, according to Nguyễn Khánh Tùng, director of the centre.
Prudential Plc on Tuesday announced that it had reached an agreement to sell 100 per cent of its Prudential Vietnam Finance Company (PVFC) to Shinhan Card Co Ltd, a subsidiary of the Shinhan Financial Group (Shinhan), at a cost of US$151 million.
The three-day event will witness the participation of nearly 100 businesses, including those from foreign countries with developed maritime industries, such as Japan, South Korea, Singapore and China, as well as India, Germany, the US, Norway and the Netherlands.
Shares fell slightly Wednesday on the Hà Nội Stock Exchange after rising for four consecutive sessions, due to investors’ profit-taking attempts that hit the large-cap stocks in the energy and banking sectors.
The northern province of Quảng Ninh pledged to continue hastening administrative reforms towards building a transparent business environment and sustainable development.
CMC Corporation, a leading Vietnamese ICT group, reached a total revenue of more than VNĐ4.17 trillion (US$183 million) in the first nine months of the fiscal year 2017.
Companies across the ASEAN bloc face a growing risk of cyberattacks, which can expose the region’s top-listed firms to a US$750 billion erosion in current market capitalisation.
Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has registered to sell 7.6 million shares of Vietnam Airlines Corporation, which is listed as HVN on the stock market.
The Vietnam Information Security Association (VNISA) decided on Tuesday to set up the Việt Nam Certificate Authority and Digital Transaction Club (VCDC).
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) on Tuesday announced an increase in interest rates on its customers’ savings accounts.
In the latest draft of Law on Corporate Income Tax (CIT), the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
Thailand’s SCG Group wants complete stake of Việt Nam Oil and Gas Group (PVN) to own 100 per cent of the Long Sơn Petrochemicals (LSP) Complex in the southern province of Bà Rịa —Vũng Tàu.
The Việt Nam Air Traffic Management Corporation (VATM) has submitted a plan to the Ministry of Construction to build an air traffic control centre in HCM City with a total cost of VNĐ1.4 trillion (US$61.7 million).
The Việt Nam Chamber of Commerce and Industry (VCCI) on Tuesday kicked off a programme for advancing circular economy to protect the environment.
Commercial banks and financial companies are fiercely competing for a slice of the profitable personal-loan market as demand often rises sharply at the end of the Lunar New Year.
The need to regulate the vehicle-service industry is crucial to achieve sufficient growth and meet consumer needs, especially during the 4.0 Industrial Revolution.
Zinc Oxide Corporation Vietnam yesterday broke ground for the construction of an electric arc furnace dust recycle plant in the southern province of Bà Rịa – Vũng Tàu.
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