Việt Nam News

The construction industry enjoyed strong growth last year and is expected to maintain the momentum this year too, experts have said.

Minister of Transport Nguyễn Văn Thể said Việt Nam should learn from the European Union (EU) to manage the operation of companies such as Uber and Grab to ensure fair competition with traditional taxi firms.

Đoàn Thái Sơn, general director of the Legal Department of the State Bank of Việt Nam, has been appointed deputy governor of SBV, according to a prime ministerial decision.

Cần Thơ will focus on investment and trade promotion activities in key countries, including the United States, Japan and South Korea, this year.

Prime Minister Nguyễn Xuân Phúc on Wednesday asked the National Oil and Gas Group (PetroVietnam) to enhance its business efficiency and contribute to ensuring energy security and asserting national sovereignty.

The State Bank of Việt Nam (SBV) has decided to set preferential loan interest rate at five per cent for purchase, rent or hire of social housing projects in 2018.

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 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.

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 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.

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.

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).