The year 2018 ends with several records, which are the highlights in the national economic panorama, laying the firm foundation for the country to strive to successfully implement the Resolution of the 12th National Party Congress and Resolution 142/2016/QH13 on the five-year socio-economic development plan for 2016-2020.
Vietnam News Agency has selected 10 outstanding economic events of Vietnam in 2018 as follow:
The Japan External Trade Organisation (JETRO) said with a young population, great potential and increasing trade growth, Vietnam is offering big opportunities for Japanese firms to expand their market.
PSNews - Under the sound leadership of the Party, the State, PetroVietnam (the Vietnam Oil and Gas Group) with its restless innovation and strong will gained numerous great achievements in all fields of its operation in 2018.
The retail prices of oil and petrol will be kept unchanged for the next 15 days, the ministries of Finance and Industry and Trade announced on January 31.
Prime Minister Nguyen Xuan Phuc has asked ministries, sectors and localities to continue consolidating macro-economic stability and promoting growth, calling this the most important task for 2019.
As foreign startups, including South Korean ones, are expanding operations to Vietnam in greater numbers, the market may slip out of the hands of Vietnamese startups if they fail to whip up enough support.
As many as 10,079 enterprises registered to be set up in the first month of this year with total registered capital of 151.1 trillion VND (6.5 billion USD), according to the General Statistics Office (GSO).
At the World Economic Forum’s annual meeting in Switzerland last week, Prime Minister Nguyen Xuan Phuc stressed that Vietnam, which is building a digital economy, continues rolling out the red carpet to welcome foreign investors, particularly in high-tech industries.
The Ministry of Transport has sent a document to Prime Minister Nguyen Xuan Phuc proposing the use of official development assistance for building Rach Mieu 2 bridge in the Mekong Delta region, reports baodautu.vn.
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.
Over the past decade, Vietnam has attracted a great deal of foreign direct investment into its industrial manufacturing and electronic sectors. Previously, overseas investors had complained about weaknesses in the country’s supporting industries, but recent changes have contributed to attracting fresh investment.
Vietnamese consumers’ preferences for locally-made confectionaries, jams, and cookies, among others, have been on the rise for the upcoming Tet (Lunar New Year) festivities.
The transportation infrastructure projects connecting Van Don Special Administrative-Economic Zone (Van Don SAEZ) are being implemented under the PPP form and make an ideal case study for successful development.
Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyen Van Sua, deputy president of the Vietnam Steel Association, said.
The fierce competition in both the domestic and export markets is forcing ceramic producers to improve their production process and product quality.
Trade centers have become crowded with people shopping and abundant Vietnamese products, covering a wide range of patterns, quality, and prices as Vietnam’s lunar New Year Festival (Tet) is drawing near.
Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh on January 25 stressed the need to complete institutions for the development of the oil and gas sector.
Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.
Vietnam Economic Times has cited a recent report by the Vietnam Association of Seafood Exporters and Producers (VASEP) as saying that shrimp exports in 2018 fell by 7.8% against 2017, failing to reach the target set for the year.