Vietnam spent almost 11.4 billion USD to import materials for garment and textile production in the first half of the year, up 5.6 percent from the same period last year, according to the Vietnam Textile and Apparel Association (VITAS).
The association of Vietnamese aluminium profile for the north made its first public appearance in Hanoi on July 23.
Auditor General of the State Audit of Vietnam (SAV) Ho Duc Phoc had a meeting with Auditor General of the Chinese National Audit Office (CNAO) Hu Zejun on July 22 in the framework of the 54th Asian Organisation of Supreme Audit Institutions (ASOSAI) Governing Board Meeting in Kuwait.
Vietnam could face an electricity shortage of 6.6 billion kWh in 2021 and 11.8 billion kWh in 2022. The shortage could increase to 15 billion kWh in 2023, according to the Ministry of Industry and Trade (MoIT).
The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to invest more in Vietnam, especially in the manufacturing of electronic equipment and developing smart grid networks.
Members of the European Union (EU) have expressed their belief in the positive impact that the bloc’s free trade agreement with Vietnam (EVFTA) will have on bilateral trade relations.
The Vietnam-EU Free Trade Agreement (EVFTA), a new-generation free trade agreement between Vietnam and 28 EU member countries, and the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) are two FTAs with the broadest scope and the highest level of commitment Vietnam has ever signed.
Vietnam gained a trade surplus of 1.59 billion USD in the first half of this year, according to the latest statistics from the General Department of Customs.
MoMo was voted the most popular electronic wallet in Vietnam in 2019 in a poll conducted by Nhip Cau Dau Tu (Investment Bridge) magazine.
Ho Chi Minh City posted an economic growth rate of 7.86 percent year-on-year in the first half of the year to 611.5 trillion (26.3 billion USD).
Vietnamese businesses are having high hopes for bigger market shares in the European Union (EU) thanks to the bilateral free trade agreement (EVFTA) signed recently.
As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.
“Vietnam is shaping up to be Southeast Asia’s next hottest startup ecosystem” is the title of an article recently posted on the website of TechinAsia – the largest English-language technology media company in Singapore that focuses on Asia.
Japan is one of Vietnam’s leading economic partners, Prime Minister Nguyen Xuan Phuc has affirmed this at a reception in Hanoi on July 18 for Yanai Tadashi, Chairman and CEO of the Japanese group Fast Retailing.
After a decade, Vietnam remains the fastest growing economy in Southeast Asia and has recorded impressive economic growth results, according to a new Asian Development Bank report released on July 18.
The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference in the central province of Nghe An on July 17.
Prime Minister Nguyen Xuan Phuc on July 17 asked the Commission for the Management of State Capital at Enterprises (CMSC) to take more flexible approach to dealing with corporate issues in line with the law.
The national flag carrier Vietnam Airlines reported a total revenue of over 51.6 trillion VND (2.24 billion USD) in the first half of this year, up 5.5 percent year-on-year.
The northern port city of Haiphong should strive to become a significant logistics hub through luring additional investment in infrastructure and getting more capable firms involved in the sector, trade officials have noted.
Vietnam’s stock market has been evaluated as a bright spot in the region in terms of growth speed and foreign capital absorption for years, according to Chairman of the State Securities Commission (SSC) Tran Van Dung.