The attraction and use of foreign direct investment (FDI) in the past 30 years have proven that the door-opening policy of the Party and State of Vietnam is a correct choice in line with the development trend of the era and the country’s situation, Minister of Planning and Investment Nguyen Chi Dung said.
Vietnam is one of the largest coffee producers in the world, earning more than 3 billion USD from the export of coffee bean each year, but the country mainly sells beans as material with low added value.
The Government will have to decide either to devalue the Vietnamese dong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/dong exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.
Hanoi’s industrial production index rose by 7.8 percent in the first five months of this year, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.
The competition authority in Vietnam have yet to make the next moves over a transaction in which Grab acquired Uber Technologies Inc’s Southeast Asian business after asking Grab to report details of the deal.
Most of relevant ministries, agencies, localities, organizations and individuals have thrown their weight behind a draft resolution to increase environmental protection tax on fuels prepared by the Ministry of Finance.
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong asked Vietnam and France to bring their cooperation, especially in trade and investment, on par with their political ties while meeting with President of France’s National Assembly Francois de Rugy in Paris on March 26.
Sapa’s upcoming achievement of town status will pave the way for more opportunities for investors in the real estate market.
Prime Minister Nguyen Xuan Phuc expressed his delights over the increasing role of the Vietnamese Business Association in Australia (VBAA) in the host nation as well as its significant contributions to promoting bilateral economic ties.
With the Fourth Industrial Revolution surging globally and impacting Vietnam, enterprises in Vietnam will have to change themselves to adapt. Pham Thai Lai, CEO of Germany’s Siemens Vietnam, spoke to VIR’s Thanh Tung about how digital technologies can impact enterprises in Vietnam, especially medium-sized ones.
Economic experts have argued that keeping inflation rate in check is a feasible target for this year, however, there are some risks requiring flexible price control management.
President Tran Dai Quang asked the Supreme People’s Court to seriously deal with major criminal cases, especially those regarding economic activities and corruption, during a teleconference held in Hanoi on January 9.
Prime Minister Nguyen Xuan Phuc requested all sectors, localities and enterprises to work together to make stronger changes in the competitiveness of the economy while concluding an online conference between the Government and localities in Hanoi on December 29.
Vietnam spent big money to build a deep-water port but did not build infrastructure for ships to go in and out of the port.
The gross domestic product (GDP) growth of Vietnam in 2017 is estimated to expand by 6.81%, surpassing the Government’s set target of 6.7%.
The Ministry of Finance signed an agreement with the Kuwait Fund for Arab Economic Development (KFAED) on December 19 to borrow more than US$9 million (VND212 billion) for a project to develop coastal infrastructure in response to the effects of climate change in Thai Binh Province.
The pace of Vietnam’s growth is expected to increase to 6.7 per cent this year, according to Taking Stock, the World Bank’s bi-annual economic report on Vietnam, released on December 11.
PSNews - The APEC Economic Leaders’ Week themed “Creating New Dynamism, Fostering a Shared Future” officially opened in Da Nang on November 6 and will run through to November 11.
A year after a toxic spill from the plant caused the country’s worst environmental disaster so far, the giant Formosa steel and port complex project, the largest of its kind in Vietnam, is pressing on, expecting to produce about 1.5 million tonnes of steel between now and the end of the year, amid concerns about affecting the domestic market.
Multinational firms usually pay higher wages than their Vietnamese counterparts, but this trend is reversed when it comes to bonuses and incentives.