Việt Nam News

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.

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.

We have been through more than 30 years of Đổi mới (Renewal) and it almost as many years since the Law on Foreign Direct Investment (FDI) was issued. Since then, the FDI sector has affirmed the major role it plays in the Vietnamese economy.

Việt Nam’s benchmark stock index, VN-Index, could exceed 1,300 points in 2018 due to the positive outlook for the country’s economic growth and a strong inflow of foreign investment.

To improve openness and transparency, the Ministry of Planning and Investment, MPI, has asked contractors to make their bids accessible to the public on the National Procurement Network (NPN).

Việt Nam maintained a trade surplus of about US$2.7 billion this year, the same figure as 2016, according to the General Statistics Office (GSO).

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.

Việt Nam's leading internet security firm, Bách Khoa Internetwork Security Centre (BKAV), announced that Vietnamese users lost some VNĐ12.3 trillion (US$540 million) in 2017 due to viruses.

The total revenue from retail sales and services reached VNĐ3.93 quadrillion (US$174.85 billion) in 2017, surging 10.9 per cent year-on-year, according to the General Statistics Office (GSO).

Việt Nam News Agency (VNA) has selected what it considers to be the 10 most outstanding economic events of Việt Nam in 2017.

Nearly 15,200 cases of smuggling and trade fraud have been uncovered in 2017, a decrease of 1.97 per cent from 2016, the General Department of Việt Nam Customs (GDC) reported Thursday at a press conference held in Hà Nội.

The Việt Nam ICT Press Club announced the top 10 ICT events in 2017 on Thursday. This is the result voted for by more than 50 journalists in the information technology sector, from some 40 media agencies nationwide.

The industry and trade sector in HCM City is targeting a growth rate of 8-8.5 per cent in the industrial production index (IPI) and 10 per cent growth in the total retail sales of goods and services for 2018, according to the HCM City Department of Industry and Trade.

The Ministry of Finance (MoF) is demanding more than VNĐ1.9 trillion (US$85 million) in tax arrears from Electricity of Việt Nam (EVN) after uncovering that the group had failed to declare its costs accurately.

Vietnamese shares ended on a positive note on Friday as large-cap stocks remained positive and banks continued to draw investors’ attention for full-year earnings prospects.

Farmers and food producers in the Cửu Long (Mekong) Delta are busy preparing speciality fruits and foods to meet burgeoning demand for the Tết (Lunar New Year) holiday, which begins on February 16.