The prices of automobiles remained high in spite of the import duty on completely-built-up (CBU) cars imported from ASEAN markets falling to zero from 30% in 2017. Customers did not benefit from the reduction, and even paid a high price for CBU automobiles with fewer than nine seats last year.
Deputy Prime Minister Vuong Dinh Hue has stated that no group interests have been found in the equitization and divestment of State-owned enterprises (SOEs) following inspections.
In order to approach choosy markets more easily, Vietnamese enterprises have entered foreign markets by merger and acquisition methods, buying factories or stakes of foreign firms in their countries.
Deputy Prime Minister Vu Duc Dam has affirmed the Vietnamese Government’s willingness to encourage foreign enterprises, including Microsoft, to expand their investments in Vietnam while hosting President of Microsoft Asia and Corporate Vice President of Microsoft Corporation Ralph Haupter in Hanoi on January 16.
Nationwide industrial and economic zones attracted over US$8.3 billion in foreign direct investment in 2018, according to a source from the Ministry of Planning and Investment.
PSNews - The Vietnam Climate Innovation Center (VCIC) on January 16 announced its Third Proof of Concept Competition (POC 3) under the theme of “Women and the future of green economy”, calling for innovative ideas to turn climate challenges into business opportunities.
Vietnam raked in US$36.809 billion from exports to Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member nations in 2018.
Vietnam has been named one of the leading investment destinations in Asia for a second straight year in a recent survey by the major audit firm PwC.
Prime Minister Nguyen Xuan Phuc has advised the Central Highlands province of Dak Nong to capitalize on its strengths in agriculture, tourism, and mining for its future overall development.
Vietnam’s textile and garment sector is hoped to make breakthroughs in 2019 based on successes and momentum last year.
At least three major infrastructure projects are subject to the auditing plan set for 2019, according to State Auditor General Ho Duc Phoc.
Last year Vietnam achieved a GDP growth of 7.08%, exceeding the target set by the National Assembly. More particularly, export revenue posted an impressive result, bringing Vietnam into the company of the world’s leading exporters.
The cashew sector of Vietnam continued to sustain its position as the world’s leading processor and exporter of the nut during 2018 as the country processed 1.65 million tons of raw cashew and exported 391,000 tons of cashew nuts worth a total of US$3.52 billion.
Motorcycle sales in 2018 broke the record set seven years ago (3.3 million) with nearly 3.4 million vehicles sold in the domestic market during the year.
Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.
Vietnam’s real estate market will see strong development in the middle-end apartment segment, according to experts.
Mergers and acquisitions (M&A) in the retail and consumer market maintained its pace in 2018 with more deals clinched. Not only did foreign retail giants use M&A to enter Vietnam, local businesses are also on the offensive to regain some ground.
With strong growth spurred on by rising investments and exports, the high-tech agro-forestry-fishery sector has, for the first time, been officially considered as one of the key propellants of national economic growth in 2019. However, businesses are awaiting new incentives.
The number of trading accounts rose by 260,000 to reach nearly 2.2 million as of the end of 2018, according to the Vietnam Securities Depository (VSD).
The Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD) has set the goals of 1.7 percent production growth and 21 billion USD in export revenue for the cultivation sector in 2019.