Việt Nam News

Việt Nam’s economy could achieve a growth rate of 7 per cent in 2018, despite a decline in the mining industry.

Phú Mỹ Fertiliser Plant, a member of the Petrovietnam Fertiliser and Chemicals Corporation (PVFCCo), began operation after more than one month of overall maintenance.

Credit growth will be 18 per cent in 2018 and the good growth rate will have positive impact on the business result of the entire banking sector, Vietcombank Securities Company (VCBS) forecast.

Việt Nam gained its highest ever seafood export value of US$8.32 billion in 2017, a year-on-year increase of 18 per cent, according to the Ministry of Agriculture and Rural Development.

Foreign traders not present in Việt Nam will have the right to export or import under Vietnamese law and international treaties that the country has signed. This is one of several positive changes expected in the business environment as a set of new policies that take effect early this year.

The HCM City Department of Agriculture and Rural Development plans to set up 10 safe farm produce markets that will open every weekend to bring together producers and buyers of clean agriculture products.

The Chu Lai Open Economic Zone attracted 23 projects in 2017. Three were foreign investment projects worth US$16 million.

HCM City’s export revenue reached an estimated US$35.55 billion last year, a year-on-year increase of 16.1 per cent, according to the city Department of Industry and Trade.

Stocks ended the first trading day of 2018 in the green on the two national stock exchanges, reflecting investors’ optimism about the market outlook this year.

The Ministry of Finance (MoF) has outlined three scenarios for inflation in 2018, with the consumer price index (CPI) in all circumstances staying below 4 per cent, the target set by the National Assembly.

Moody’s Investors Service on Tuesday assigned first-time ratings and assessments to LienVietPostBank.

As of December 31, 2017, the total assets of the Bank for Foreign Trade of Việt Nam (Vietcombank) reached VNĐ1.05 quadrillion (US$46 billion).

It was a positive end for the Vietnamese manufacturing sector in 2017 with the Manufacturing Purchasing Managers’ Index (PMI) rising to 52.5 in December from November’s 51.4, according to the latest survey from Nikkei’s IHS Markit that released on Tuesday.

Military-run telecom group, Viettel, last year posted a profit of around VNĐ44 trillion (nearly US$2 billion), increasing 12 per cent from the previous year.

Authorities in the central coastal province of Phú Yên will spend nearly VNĐ2.12 trillion (US$93 million) developing aquatic resources from now until 2025.

Most HCM City businesses have wrapped up plans for their Tết (the Lunar New Year) production almost two months ahead of the country’s biggest festival, which falls on February 16.

Total outstanding loans by commercial banks in HCM City in 2017 rose 18.5 per cent from 2016 to more than VNĐ1.74 quadrillion (US$76.73 billion), according to the State Bank of Việt Nam’s HCM City branch.

As one of the country’s few reliable, medium-term distribution channels, competitions to nab a spot on the supermarkets’ shelf among Vietnamese consumables manufacturers are fierce game, while these distributors consider it fair fight.