Leading destinations for the flow of foreign direct investment (FDI) such as Ho Chi Minh City, Dong Nai, Binh Duong and Ba Ria-Vung Tau provinces, have been shifting their focus to investment quality after 30 years attracting foreign capital.
Vietnam has exerted efforts to tap into its immense maritime potential to become a strong, prosperous country based on its marine economy.
The Vietnamese Government will continue to support and solidify legal regulations on cashless payment systems, Deputy Prime Minister Vuong Dinh Hue told Anthony Tan, CEO and co-founder of Grab – a ride-hailing platform in Southeast Asia which has been popular in Vietnam over the past five years.
According to the Telecommunications Regulatory Agency (OSIPTEL), by the end of the 2nd quarter of 2018, Bitel – a brand of Viettel Group obtained 5.1 million subscribers, equivalent to a market share of 13.5%. For three consecutive years (2015 - 2017), Bitel is the company with the fastest rate in growth of subscribers in Peru.
Positive signs have been seen in the three areas of agriculture, industry, and service so far this year, while inflation was also controlled to under 4% as targeted.
Although Vietnam has focused on increasing labour productivity and overall productivity growth, there have been relatively few opportunities for SMEs to get customised support as they grow, said Max Bulakovskiy, policy analyst in Global Relations at the Organisation for Economic Co‑operation and Development (OECD).
Positive outcomes have been recorded in all economic spheres over the last nine months with the most remarkable being the highest nine-month GDP growth rate since 2011, according to Prime Minister Nguyen Xuan Phuc.
Ho Chi Minh City collected over VND269.1 trillion (nearly US$11.6 billion) for the State budget in the January-September period, up 9.88% year on year.
The national conference on 30 years of FDI attraction in Vietnam will take place on Thursday, October 4, 2018 at the National Conference Centre (NCC) in Hanoi.
Vietnam earned about US$29.54 billion from agro-forestry-fishery exports between January and September, up 9.3% from the same period of 2017 and equivalent to 73% of this year’s target.
The volume of cargo transported through Vietnamese seaports has soared in the first nine months of 2018, particularly through ports in Quang Ninh and Ha Tinh provinces, according to the Vietnam Maritime Administration.
More than 96,600 new enterprises were founded in the first nine months of 2018 with a total registered capital of 963.4 trillion VND (41.3 billion USD), representing year-on-year rises of 2.8 percent and 6.7 percent, respectively.
Vietnam’s export value to the US reached 4.89 billion USD in August, the highest level since January this year, according to the General Department of Vietnam Customs.
While the proportion of the national economy driven by cash transactions remains immense, experts believe that there will be a major shift toward using cashless payments in the coming time with drastic measures taken by the Government.
Australian Ambassador to Vietnam Craig Chittick launched the Vietnam Business Coalition for Women Empowerment (VBCWE), a coalition of large employers committed to ensuring gender equality within their businesses and beyond.
Deputy Prime Minister Vuong Dinh Hue, Chairman of the National Financial and Monetary Policy Advisory Council, chaired a meeting in Hanoi on September 28 to review monetary policy for the third quarter of 2018 and outline tasks for the coming time.
The Seafood Fair will take place in Hanoi from October 6-10, a representative of the Trade Promotion Centre for Agriculture under the Ministry of Agriculture and Rural Development told a press conference on September 28.
The Indonesian Anti-Dumping Committee (KADI) has announced to terminate an anti-dumping investigation on colour-coated steel sheet products imported from China and Vietnam.
Mytel reached 3 million customers after its 3-month operation, its customers of 4G services amounted to more than 70%.
Prime Minister Nguyen Xuan Phuc chaired a seminar on investment attraction to Vietnam in the context of the Fourth Industrial Revolution with more than 40 leading businesses of the US in New York city on September 27.