Việt Nam News

The seafood sector will strive to exceed this year’s export target of US$8.5 billion set by the Government, the head of the industry's main business group has said.

Việt Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoài Dương confirmed on the sidelines of the corporation’s roadshow.

Lendbiz Joint Stock Company, which uses a peer-to-peer (P2P) lending model, was recently set up in Hà Nội.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) yesterday introduced the Whitebook on illegal, unreported and unregulated fishing (IUU) in Việt Nam.

Việt Nam’s benchmark VN Index has extended its growth for a fourth straight week, though recent market trading conditions suggest the benchmark index could struggle with rising selling pressures this week.

National carrier Vietnam Airlines plans to launch the first direct route between Việt Nam and the United States (US) this year, with the destination being either San Francisco or Los Angeles in California.

The Government Inspectorate (GI) recently issued a report on wrongdoings at the State-owned Airports Corporation of Việt Nam (ACV) involving VNĐ6.3 trillion (US$280.3 million) and 7.2ha of land.

Cần Thơ’s revenue from retail sales and services reached VNĐ106 trillion (US$4.7 billion), 10 per cent higher than 2016, according to Cần Thơ City’s Department of Industry and Trade.

Total state budget revenue in HCM City reached VNĐ347.98 trillion (US$15.32 billion) in 2017, slightly more than the year’s target, and up 13.5 per cent compared to 2016, according to the city’s State Treasury.

Information and Communications Minister Trương Minh Tuấn acknowledged on Thursday that social network site Facebook has co-operated with the Government of Việt Nam in dealing with defamation of the nation.

Deputy Prime Minister Trịnh Đình Dũng urged the Việt Nam Oil and Gas Group (PetroVietnam) to focus on restructuring and improving business efficiency in 2018.

Last year was favorable for hydropower companies as demand for electricity grew faster than power capacity. This was enhanced by early rainfall which helped increase production.

Việt Nam’s benchmark VN Index rose slightly yesterday as recent growth of local stocks triggered investors to sell to make some profit.

The nation’s mechanical sector need radical reform despite its recent progress in quality and output, experts and policymakers agree.

Việt Nam’s much vaunted digital access and advantages that arise from it could run out of steam unless it is renewed and made more substantial, experts say.

Economic experts forecast prices would be stable in 2018 and might even see a slight decrease, with inflation under control.

The capital city of Hà Nội is planning to develop housing area covering 11 million sq.m in 2018, according to the municipal Department of Construction.