Fiscal consolidation, together with low inflation rates in 2018, are chief drivers for Việt Nam’s continuously stabilising macro economy in the context of rising global trade protectionism and turmoil, said the Asian Development Bank (ADB).
Vietnamese shares yesterday extended their losses for a second day on the two national stock exchanges as many large-caps in banking and securities suffered strong selling pressure.
Producing high-quality products will enable Vietnamese businesses to increase their presence in the global market.
A wide range of machinery and equipment, automated technologies and raw materials for the garment and textile industry are on display at the 2018 SaigonTex exhibition which opened yesterday in HCM City.
Many banks were estimated to meet 25-30 per cent of their annual profit targets by the end of March, although the first quarter is usually the most sluggish for banks.
HCM City authorities have urged police to investigate a cryptocurrency fraud case involving VNĐ15 trillion (US$666 million) and affecting 32,000 people.
Vissan Joint Stock Company targets a pre-tax profit of VNĐ179 billion on revenues of VNĐ4.6 trillion (US$204.5 million) this year, respectively 8 per cent and 18 per cent higher year-on-year.
Many Russian firms are exhibiting their products during the 28th Việt Nam International Trade Fair (Việt Nam Expo 2018), which opened at the International Exhibition Centre in Hà Nội yesterday.
Việt Nam’s securities market may be upgraded to the emerging market status from its current frontier market by 2020, according to the latest SSI Retail Research.
Việt Nam has become an attractive destination for foreign investors including those from the Czech Republic.
The sale of automobiles in the Vietnamese market made a significant recovery in March as 21,127 units were sold, accelerating by 70 per cent compared to the previous month.
Domestic gold prices have seen a steady increase since the beginning of this week.
The Government raised more than VNĐ1.39 trillion (US$61.5 million) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance.
Hà Nội plans to pilot the operation of automated convenience stores and organise a network of vending machines at public places in the city.
More than 10,000 flights were delayed or cancelled in the first quarter of this year, according to the Civil Aviation Authority of Vietnam (CAAV).
The Ministry of Finance has asked the Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) to pay about VNĐ2.5 trillion (US$111 million) worth of undistributed profit to the State Budget.
Results from the first quarter show Việt Nam’s economy maintains an impressive growth momentum, though the country’s 2018 development model will differ from past occurrences as the rest of the year will experience lower growth rates than the first three months’.
The e-commerce sector in Việt Nam has seen remarkable growth in recent years, but a lack of uniformity in delivery and payment methods may lead to many businesses missing opportunities.
The deadly fire that occurred at the Carina Plaza tower in HCM City on March 23 is likely to set back the apartment market but only for a short period, experts forecast.
