As expected, Vietnam’s gross domestic product (GDP) growth rate for 2016 is short of the set target at 6.21 per cent, according to the General Statistics Office (GSO).The target set for the year was 6.7 per cent, but both officials and experts have been saying for several months that the actual rate would fall short.
HCM CITY – The banking – enterprises connection program enabled around 22,000 businesses in HCM City to borrow over VND280 trillion (US$12.5 billion) from banks last year. They had three kinds of loans available, with the city authorities acting as intermediaries for two: low-interest credit packages and loans for key sectors like agriculture, support industries, […]
More shipping firms have reported losses for 2016 and the first months of 2017 as the freight rate and the demand for goods transport have dropped to a 10-year low.
Being the largest exporter of cashew nuts in the world but being reliant on foreign inputs is a dilemma that the cashew industry needs to be solved.
Vinamilk is leading the domestic fresh milk market, but is now being challenged by newcomers.
Experts at a wind energy workshop on Tuesday recommended sustainable solutions for development of the wind power sector in Việt Nam.
Thousands of goods items will enjoy a zero percent import tariff in 2018 in line with Vietnam’s commitments on special preferential import duty rates within the framework of 10 free trade agreements (FTA).
The food and beverage sector remains a highly attractive one for both foreign and domestic players, many of whom have announced expansion plans.
Vietnamese businesses lack a proper strategy to build brands, a survey by British brand consultant Mibrand has found.
Soaring foreign investment in the M&A sector may turn the tides of continuously decreasing FDI inflows in the first six months of the year, especially with the appearance of billion-dollar projects.
Vietnam aims to increase value of coffee products by processing more than 25 percent of its coffee beans by 2020, according to the Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.
Despite positive forecasts, the business performance of Vietnam’s largest drug-makers went downhill in the first half of 2018, heralding challenges ahead.
Vietnam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing to meet the demand of importers, according to processing companies.
Viet Nam is one of top targets for cross-border investment, according to PwC’s survey released recently.
With certain advantages, Vietnam has been the destination for many multinational businesses to seek processors, and processing in turn have become a major growth engine of the economy.
Vietnam wants to attract 100,000 businesses to invest in agriculture, of which between 3,000-4,000 enterprises will be large scale with the rest medium-sized.
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much.
Ho Chi Minh City at night. Photo: Nguyen Van Hai The Ministry of Planning and Investment has drafted a new set of rules which seek to make it easier for local and foreign venture capital funds to operate in Vietnam, where startups are in dire need of funding. The move is the government’s latest effort […]
The Ministry of Justice is seeking a new rule to scrap compulsory marriage interviews, making it easier and less stressful for local residents to marry foreigners in Vietnam.
Sipping beer on pavement, watching water puppet shows in the bustling capital city, hiring a kayak and exploring Ha Long Bay, boarding a north-south train, dodging motorbikes and crossing lush green parks in Ho Chi Minh City are enjoyable experiences two Indian journalists had during their recent trip to Vietnam.
Vietnam is the country likely to achieve the biggest gross domestic product (GDP) increase in percentage terms by joining the Trans-Pacific Partnership and ASEAN Economic Community in almost all simulation scenarios, according to a study by the Vietnam Institute for Economic and Policy Research.
The Vietnam Chamber of Commerce and Industry (VCCI) has said that if the minimum regional wage increases by more than 10 percent, an increasing number of businesses will dissolve.
A young, tech-savvy population short on cars but big on smartphones is driving double-digit growth for ride-hailing apps Uber and GrabTaxi in Vietnam, and inspiring some executives to dream of replacing private car ownership altogether.
On the sidelines of a conference at the end of July, Samsung Vietnam CEO Myoung-Sup Han told the press that his company hopes to be treated as a local business soon, instead of a foreign investor.
The government has announced it will sell out its stakes in 10 companies including dairy giant Vinamilk and information technology leader FPT.
US-owned investment manager Franklin Templeton will likely invest US$3 billion in a wide range of Vietnamese companies over the next five years, news website Saigon Times Online reported on Monday.
The government on Tuesday submitted to lawmakers a plan to cut tariffs and luxury taxes that can send car prices down by 42 percent in 2019.
Vietnam’s real estate ranked 35th in the 2015 Emerging Markets Index released by Cushman & Wakefield (C&W) recently.
The October Purchasing Managers Index rose to 50.1, just above the waterline of 50 and up from the previous month’s 49.5, but at that level the manufacturing momentum remains sluggish, according to a monthly report from HSBC.
Vietnam is one of the world’s top rice exporting nations, but its rice lacks competiveness when stacked up against other countries, such as those contemplating formation of the Trans-Pacific Partnership (TPP) free trade region.
