Việt Nam News

An export growth of 14.5 per cent to US$203 billion is expected this year. However, export growth focused on increasing volumes cannot deliver in the long run, Trần Thanh Hải, deputy head of the Ministry of Industry and Trade’s Import-Export Department, tells the Vietnam News Agency.

Researchers at Vietnam National University (VNU) yesterday presented results of a consumer lending survey showing that the majority of Vietnamese people have never used a consumer loan.

Outstanding loans of commercial banks in HCM City in the first nine months of 2017 rose 13.5 per cent against December last year to more than VNĐ1.67 quadrillion (US$73.57 billion), the city People’s Committee report stated.

International tourist arrivals in Việt Nam broke the 9.44 million mark for January-September, representing a 28.4 per cent rise over the same period last year, the General Statistics Office said.

The first international workshop on MEMS (Micro – Electro – Mechanical – Systems) and Sensor Systems 2017 (IWMS 2017) on  “MEMS/IoT for Smart City” was hosted by the Research Laboratories of the Sài Gòn Hi-tech Park (SHTP Labs) on September 27.

Phoenix Vũng Áng Việt Nam Company Limited, a subsidiary of Singapore’s Freight Links Capital Pte. Ltd, held a groundbreaking ceremony to construct the Phoenix port at Hà Tĩnh Province’s Vũng Áng Economic Zone on Wednesday.

Deputy chief inspector of the State Bank of Việt Nam Phạm Huyền Anh on Tuesday granted business licence to the Singapore’s United Overseas Bank Limited (UOB).

State capital at the two brewers, Sài Gòn Alcohol-Beer-Beverage JSC (Sabeco) and Hà Nội Alcohol-Beer-Beverage JSC (Habeco), may soon be transferred to the State Capital Investment Corporation (SCIC).

Việt Nam Rubber Group (VRG) has decided the amount and price of shares offering in its initial public sale schedule next year.

Overnight interest rates in the inter-bank market hit a two-month high but liquidity of the banking system remained stable, a report from SSI Retail Research showed.

The Manila-based Asian Development Bank (ADB) has projected the economic growth of Việt Nam will be 6.3 per cent this year, taking 0.2 percentage points off from the previous forecast.

The southern province of Bình Dương reported yesterday that it had attained 140 per cent of its annual target in foreign direct investment (FDI) during the first nine months of the year.

A total of 8,600 new enterprises with total registered capital of nearly VNĐ80.5 trillion (US$3.54 billion) were established in September, according to the Ministry of Planning and Investment.

The oil and gas industry is one of the country's key economic sectors as it has made important contribution to the national economy but it is facing exceptionally tough challenges, especially in the context of deeper international integration, participants at a seminar in Hà Nội were told on Tuesday.

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Việt Nam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar yesterday.

The central province of Khánh Hòa is considering increasing the size of its proposed North Vân Phong special economic zone from the planned 66,000 hectares to 111,000ha.

Việt Nam’s benchmark VN-Index fell slightly on Tuesday, covering part of losses made in intraday trading as investors hunted for low-priced stocks.

Businesses in Đồng Nai are taking advantage of the free trade agreements that Việt Nam has already inked with international countries and blocs, and the establishment of the ASEAN Economic Community to foster their export turnover.