Việt Nam News

Overseas Vietnamese play an important role in developing HCM City’s economy, but the city lacks the legal framework required to fully utilise their capabilities.

Prime Minister Nguyễn Xuân Phúc has asked the State Bank of Việt Nam (SBV) to smooth credit growth over the year and ensure loans will go to right people and businesses.

The Japan Branding Consumer Product Outlet Fair opened yesterday at the Hà Nội International Exhibition Center (IEC).

According to the General Statistics Office (GSO), import turnover for cars in December 2016 increased in both quantity and value, with the year’s total annual car imports reaching $2.3 billion.

Việt Nam’s retail sales of goods and services rose to 10.2 per cent to around US$156.7 billion in 2016, data from the General Statistics Office (GSO) has revealed.

The Ministry of Industry and Trade has decided to keep the ceiling prices for power generation of thermal electricity and hydroelectricity unchanged in the year of 2017.

The capital city plans a 4-5 per cent export growth compared with last year.

Shares were mixed on Thursday as investors began to display caution after several consecutive rising sessions. Steel and property shares supported the VN-Index, while market breadth was negative.

The agriculture sector, especially hi-tech agriculture, has caught the attention of domestic giant firms, such as Vingroup, Hòa Phát and Hoàng Anh Gia Lai, creating a new wave of investment. 

Tiên Phong Commercial Joint Stock Bank (TPBank) reported pre-tax profit of VNĐ707 billion (US$31.1 million) in 2016, posting an increase of 13 per cent year-on-year.

Nguyễn Hà Đông, creator of Flappy Bird, said he will provide funding for student projects, with a maximum budget of VNĐ200 million (US$8,810) per project.

The establishment of the ASEAN Economic Community (AEC) in 2015 is a major milestone in the regional economic integration agenda in ASEAN, offering opportunities in the form of a huge market of US$2.6 trillion and over 622 million people. Viet Nam News reporter Thu Giang talks with expert and businesswoman about the AEC’s advantages and disadvantages on Vietnamese companies.

An Giang Import Export Company (Angimex), one of the large rice export companies in Việt Nam, plans to focus on improving its rice quality and better controlling plant-protection residues to promote rice exports, especially to the US and EU markets.

With just three weeks to go for Tết (the Lunar New Year), the market for gift hampers has heated up with supermarkets, markets and shops offering a range of them to cater to both business and individual customers.

The State Bank of Việt Nam (SBV) has set the target of credit growth at 18 per cent for this year while pledged to continue taking measures to control the credit growth so as to be suitable to the country’s economic development.

Shares rose for second day on Wednesday, boosted by strong gains in oil and gas sector, when investors continued to put their faith in the optimistic market prospect.

The prices of RON 92 petrol and bio-fuel E5 remained unchanged, while diesel price 0.05S increased slightly in the first regular adjustment of petrol prices in 2017 on January 4.

The Vietnamese manufacturing sector ended 2016 on a positive note, with the Nikkei Việt Nam Manufacturing Purchasing Managers’ Index (PMI) coming second among the top three PMIs in ASEAN region.