Việt Nam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of US$3 billion this year, a year-on-year reduction of 50,000 tonnes in volume and $500 million in value, according to the Việt Nam Cashew Association.
Hong Kong is keen on investing in infrastructure projects in Việt Nam—a blessing given the country’s immense need for infrastructure financing to keep pace with its rapid economic expansion.
Vietnamese shares soared in the first trading session of the week as investor confidence remained strong on expectations for good earnings reports.
Steelmaker Hoà Phát Group posted a record-high after-tax profit of VNĐ8 trillion (US$352.3 million) in 2017.
Outstanding loans to the trade and services sector last year rose by 19 per cent against the end of 2016 to nearly VND4 quadrillion (US$176.21 billion), the State Bank of Vietnam reported.
Three first wind turbines of the Đầm Nại wind project in the coastal Southern Central province of Ninh Thuận were completed and put into commercial operation from Saturday.
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) posted a pre-tax profit of more than VNĐ8.1 trillion (US$356.6 million) in 2017, registering a 65 per cent year-on-year increase.
Việt Nam Lottery Company (Vietlott) reported a revenue of more than VNĐ3.8 trillion (US$168.6 million) in 2017, more than double the revenue in 2016.
Vietnam Airlines Corporation has ranked 9th in the Top 50 Vietnam The Best.
As 2018 rolls in with newer and weightier free trade agreements (FTAs), Vietnamese enterprises are faced with a do or die situation. Eventually, they can either fully adapt and move up the global supply chain, or stand by helplessly while imported goods take over the country’s market.
If banks failed to increase their capital, it would have a strong negative impact on their credit plans. They would not be able to serve the economy as well as they ought to.
Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.
The Việt Nam Sugar and Sugarcane Association has proposed to the Prime Minister not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.
Vietnamese shares are forecast to move marginally this week as investors could realise their earnings after having priced in the growth prospects of both the market and local stocks.
Vietnamese exports to China experienced a significant yearly increase of 61.5 per cent to over $35.46 billion. That helped to reduce Việt Nam’s trade deficit with China to $22.76 billion last year from $28 billion in 2016.
VinFast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, completed the contract of two model sedan and SUV cars with leading designer Pininfarina on Thursday.
The Ministry of Industry (MoIT) will continue to support local steel enterprises this year in their production and business, especially use of trade defence measures protecting the domestic steel industry.
The strong development of industrial parks would make a large contribution to the domestic property market, according to experts.
The number of private companies in the top 500 largest Vietnamese enterprises list (VNR500) rose by 2.5 times in 2017 after 10 years of the ranking announcement.
