Prime Minister Nguyen Xuan Phuc has ordered the banking sector to orientate itself in line with the Government’s spirit of breakthroughs.
Construction started on January 8 for Vietnam’s largest high-tech tra fish farming project in the Mekong Delta province of An Giang.
Non-equity modes (NEMs) of investment, or cross-border investment without capital contribution, have become an increasingly important form for foreign capital attraction and Vietnam should raise appropriate policies to better lure the inflow, experts said.
Vietnam’s exports to Cambodia exceeded US$3 billion last year, setting a record high in a decade and opening up opportunities for local firms to capitalise on untapped potential of the neighbouring market, statistics show.
The Ministry of Industry and Trade (MoIT) will continue its efforts to achieve the National Assembly’s target of total export turnover growing from 7-8% and trade deficit being kept at below 3%, Minister Tran Tuan Anh has said.
Hanoi shipped goods overseas for US$14.23 billion in 2018, an annual increase of 21.6%, reported the municipal Department of Industry and Trade.
Vietnam’s joining of free trade agreements (FTAs) is quite suitable in the context of trade globalization. However, to promote the efficiency of boosting exports, a concerted policy system is needed to help businesses successfully take advantage of benefits brought by the FTAs, according to insiders.
Vietnam will be able to boost its wood exports when the Vietnam-European Union Voluntary Partnership Agreement on Forest Law Enforcement, Governance, and Trade (VPA/FLEGT) takes effect, said Permanent Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.
The State Bank of Vietnam (SBV) has set the 2019 credit State Bank of Vietnam growth target
equivalent to the previous year at about 14%, according to SBV Deputy Governor Nguyen Thi Hong.
Vietnam’s economy expanded by 7.1 percent in 2018, but its increasing openness and reliance on foreign investment suggest it is unlikely to be spared from the global growth slowdown arising from rising trade protectionism and tighter financial conditions.
Vietnam is expected to cash in on container shipping in 2019 as the US-China trade war will make the country busier with import and export activities, experts said.
The Ministry of Industry and Trade (MoIT) has advised Vietnamese exporters to strictly abide by regulations related to products’ origin.
The past year has witnessed unbelievably impressive results for Vietnam’s tourism industry, with a record 15.6 million international visitors and 80 million domestic tourists, and total tourism revenue of VND620 trillion (US$26.95 billion).
The list of renewable energy projects registered by both foreign and domestic investors in the country has been growing consistently since the feed-in-tariff hike, but further work is required to meet the goals.
The Ho Chi Minh Stock Exchange (HOSE) on January 5 announced the top 10 securities companies with the largest brokerage share and fund certificates in the fourth quarter of 2018.
The Government has issued measures to boost non-cash payment methods in the country this year.
2019 will be a busy year for ministries looking to cut business prerequisites, and firms should contribute to making the process more efficient, said Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).
PSNews - 2018 saw a big success of Vietnam in attracting foreign investment with a total foreign direct investment (FDI) of 35.46 billion USD. Especially, the disbursed FDI reached a record in 2018 of 19.1 billion USD, up by 9.1 % compared to the previous year.
Vietnam is making great strides to increase international integration for trade expansion and investment attraction.
The stock market begins the year 2019 with hopes for growth based on the firm foundation created in 2018 amid good indicators of the national economy.