Việt Nam News

A report by the prestigious global accounting firm of PricewaterhouseCooper (PWC) predicts continued economic growth for Viet Nam until 2050 period, with annual GDP increase of 5.1 per cent, on average.

The Government is determined to take drastic measures to improve business climate and competiveness indicators to reach the average level of ASEAN 4 countries by the end of this year.

Foreign direct investment (FDI) into Việt Nam reached US$1.42 billion from the beginning of the year until January 20, according to data from the General Statistics Office.

State budget revenue in January was estimated at VNĐ97.4 trillion (US$4.3 billion), the Ministry of Finance said.

HDBank continuously posted record high profit in 2016, making it the most successful case in the country’s bank restructuring.

The Vietnam Securities Depository (VSD) granted trading codes to more than 20 million foreign investors by the end of January.

Central Thừa Thiên Huế Province aims to attract 20 projects to its economic zones (EZs) and industrial parks (IPs) with total registered capital of some VNĐ6 trillion (US$264.3 million).

A report by the Ministry of Planning and Investment has found that a number of State-owned enterprises (SOEs) failed to comply with regulations on disseminating information.

The Dung Quất Economic Zone Authority (DEZA) and Quảng Ngãi Industrial Park Management Board on Monday granted an investment certificate for the Hòa Phát Dung Quất iron and steel production complex to the Hòa Phát Group.

The total revenue from retail trade and services saw a year-on-year rise of 10 per cent, to US$15 billion in January, according to the General Statistics Office (GSO).

After the Tết (the Lunar New Year) break, employees of Intimex Group Joint Stock Company are scrambling to fulfil export orders.

Prime Minister Nguyễn Xuân Phúc asked the shrimp industry to strive for an export value of US$10 billion by 2025 during a conference on shrimp production held in the southernmost province of Cà Mau yesterday.

Hà Nội has presented investment licences for 43 new projects with total registered investment capital of US$31.7 million, the municipal Department of Planning and Investment said.

The People’s Committee of southern coastal Bà Rịa-Vũng Tàu Province granted eight investment certificates to domestic and foreign projects with combined capital of US$470 million during a ceremony on Monday.

The Government has issued a long-awaited decree allowing Vietnamese citizens to bet on international football matches and on horse and dog races in Việt Nam. This follows a decree issued last month by Prime Minister Nguyễn Xuân Phúc lifting the ban on gambling by Vietnamese at local casinos.

The State Treasury of Việt Nam is targeting bond sales of VNĐ250 trillion (US$11.1 billion) this year, lower than last year’s level due to unpredictable changes on the global financial market.

The Ministry of Industry and Trade’s (MoIT) planning department has to submit solutions for each of the 12 major projects that have been delayed and/or are performing badly before Friday.

The US Department of Commerce said the revocation of anti-dumping (AD) order on certain frozen warmwater shrimp from Việt Nam would likely lead to a continuation or recurrence of dumping.