With Vietnam’s wide usage of smartphones and great agricultural potential, and commitment to truncate more than half of the existing agricultural administrative procedures, many foreign firms are hunting for opportunities in the country’s agricultural sector.
Contrary to all predictions, Vietnamese enterprises are willing to spend big money to use robots and advanced technologies in their production lines.
The Government will strive for gross domestic product (GDP) growth of 6.8 percent in 2019, according to a direction freshly inked by Prime Minister Nguyen Xuan Phuc.
The Vietnamese Government is working out measures to further improve the business environment for the country to jump 8-18 steps from the current 68th place in the World Bank’s Doing Business Rankings.
Supporting industry development will create a driving force for Vietnam’s automobile industry, as heard a seminar held by the Vietnam Association of Supporting Industries (VASI) in Ho Chi Minh City on May 24.
The prices of petrol and oil increased as from 15:00 of May 23 following a joint decision of the Ministry of Finance and Ministry of Industry and Trade.
As Vietnam seeks to increase its steel exports amid global overcapacity, the steelmaking industry is expected to face tremendous pressure from trade defence measures deployed by the importing countries.
The relationship between Vietnam and the US continues to develop effectively in many areas, of which economic and trade cooperation is one of the focuses, said Deputy Prime Minister Vuong Dinh Hue.
The Republic of Korea (RoK) poured US$2.32 billion in Vietnam in the first four months of 2018, making up nearly 30% of the inflow of investment in the Southeast Asian country.
While online retailers are forced to accept million-dollar losses to gain market share, informal Facebook retailers are striking it rich.
The southern province of Dong Nai absorbed nearly 690 million USD in 76 newly-licensed and existing foreign-invested projects this year to May 17, up 143 percent against the same period last year and fulfilling nearly 70 percent of the annual target.
Vietnam’s seafood has doubled great efforts to encourage the European Commission (EC) to withdraw its ‘yellow card’ warning and focused on developing a sustainable seafood industry for the future.
Local authorities have proposed adding tens of golf course projects to the program on golf course development, a move many economists oppose.
Wholesale supermarket MM Mega Market Vietnam has exported more than 100 tonnes of Vietnamese agricultural products to Thailand for selling through 700 Big C malls, where the two retailers share a parent.
The southern province of Dong Nai has been working with agencies on a project to turn Bien Hoa I Industrial Zone into a commercial and service centre.
Exports of cuttlefish and octopus to Russia skyrocketed by 889% to US$1 million in the first quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
VN-Index fell sharply for the second consecutive day, dropping nearly 24 points on May 17.
The northern province of Bac Giang is working out measures in an effort to attract 2 billion USD in domestic and foreign investment in 2018.
Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.
The Vietnamese Government has issued a resolution on continuing with solutions and tasks to improve the business environment and increase national competitiveness in 2018 and beyond.