Việt Nam News

Việt Nam has become an ideal location to start a business, not only for young overseas Vietnamese people to come back, but also for expats thanks to the country’s strong economic growth in recent years. 

HCM City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8- 8.5 per cent against last year, according to HCM City’s Department of Industry and Trade (DoIT).

The southeastern province of Đồng Nai achieved a record trade surplus of US$2.17 billion last year, with the highest recorded in the country, according to the provincial People’s Committee.

At a conference to review the industry and trade sector in 2017, Prime Minister Nguyễn Xuân Phúc lauded the sector’s accomplishment of reaching US$200 billion export turnover for the first time, the abolishment of 675 business and investment conditions (about half the previous total 1,216 regulations) and the settlement of 12 loss-making projects. 

 Prime Minister Nguyễn Xuân Phúc asked the Ministry of Planning and Investment to offer the Government solutions to boost economic development and turn Việt Nam into a “new tiger” of Asia.

The International Monetary Fund (IMF) is optimistic about the current state of the world economy while predicting faster growth across all regions and highlighting China’s vital role in promoting globalisation.

The 2018 Kiên Giang Province investment promotion forum held yesterday was seen as an affirmative undertaking to establish the province’s potential, economic strengths and call for investment.

Vietnamese shares advanced on Monday as large-cap firms were boosted by positive investor confidence that was looking for opportunities in the earnings season.

The Saigon Beer, Alcohol and Beverage Corporation (Sabeco) produced nearly 1.73 billion litres of beer in 2017, an increase of 7 per cent compared to the previous year and exceeding 5 per cent against the year target.

Following a Ministry of Transport directive asking Grab Việt Nam to stop providing car hailing services in certain provinces, the company said its services did not violate laws.

The 2017 Economic Survey in HCM City has provided basic data about the number of enterprises, workers, the economic efficiency of companies and administrative units and proportion of information technology application, delegates heard at last Friday’s meeting to review the survey.

Indonesia will import 500,000 tonnes of rice from Việt Nam and Thailand to contain rice price hikes and declining supply in the local market.

The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 per cent from the beginning of this year, instead of zero per cent as previously rumoured.

The seafood sector will strive to exceed this year’s export target of US$8.5 billion set by the Government, the head of the industry's main business group has said.

Việt Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoài Dương confirmed on the sidelines of the corporation’s roadshow.

Lendbiz Joint Stock Company, which uses a peer-to-peer (P2P) lending model, was recently set up in Hà Nội.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) yesterday introduced the Whitebook on illegal, unreported and unregulated fishing (IUU) in Việt Nam.