Việt Nam News

A dramatic change in market trends and the "fourth" industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.

More than 100 enterprises are presenting fruits, vegetables and other farm produce to international and domestic customers at a market in Đà Lạt City, Lâm Đồng Province.

Merger and acquisition (M&A) deals in Việt Nam's real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.

Việt Nam’s stock market is expected to rise further in the last week of 2017, boosted by positive macro economic development as well as support of foreign traders.

Contrary to pessimistic forecasts earlier in 2017, after a drop in 2016, the country’s rice exports had a successful year in 2017, with some higher-than-expected figures.

Việt Nam has remained an attractive destination for foreign investors in 2017 with total foreign direct investment (FDI) capital registered in the country hitting a record high of US$35.88 billion, up 44.4 per cent against last year.

Since an agriculture insurance pilot programme began in 2011, it has come to play an important role in farmers’ financial lives, but still has many shortcomings, said Hoàng Quang Phòng, vice president of the Việt Nam Chamber of Commerce and Industry (VCCI) at a forum held in Hà Nội on Thursday.

Việt Nam’s foreign currency reserves are expected to reach US$47.5-48 billion by the end of this year thanks to the country’s stable macroeconomic conditions and strong influx.

The northern province of Quảng Ninh needs to call on investment in developing luxury tourism and real estate products to meet the high demand of tourists. The province is lacking in those products, according to experts.

Southern HCM City is becoming very popular with property developers thanks to the many infrastructure works planned for the area.

PetroVietnam Gas Joint Stock Corporation (PV Gas) has raised its full-year profit forecast by 18.4 per cent as oil has performed well and traded at higher than expected price levels.

Shares concluded the week in opposite directions on the two stock exchanges on Friday as investor confidence weakened on an unstable market outlook.

Looking back at the 2017 fiscal year, the Vietnam State Treasury (VNST) concluded it had completed fundamental tasks under the Government’s action plan, including investment capital disbursement, monetary injection, and strict management of state budget expenditures in accordance with legal provisions.

FLC Group plans to invest US$1.5 billion in hi-tech agriculture in Việt Nam in the 2018-20 period.

PetroVietnam Power Corporation (PV Power) will put more than 468.3 million shares of its charter capital for sale in its initial public offering (IPO) on January 31, 2018.

During the 10-year period (2007-2016), Việt Nam has consistently been the largest shrimp supplier for Switzerland, accounting for over 50 per cent of total Swiss shrimp imports.

The annual fair houses over 200 booths featuring leading fashion brands in textile and garment, leather footwear, cosmetics, jewellery as well as beauty care services in a total area of 4,000sq.m. It also includes booths showcasing raw materials for the textile and garment sector.   

Việt Nam’s exports are expected to reach more than US$212 billion for the first time this year, much higher than the $176 billion recorded last year, said Dương Duy Hưng, head of the Ministry of Industry and Trade (MoIT)’s Planning Department.