Economy

US firm eyes Vietnam’s petrochemical industry

Thursday, 18 January 2018 12:39

US firm eyes Vietnam’s petrochemical industry The chair of the Vietnam Energy Association, Tran Viet Ngai, said that foreign companies see great development potential for Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of the Dung Quat Oil Refinery in central Quang Ngai province.   
 

PM sets up working group for state capital management committee foundation

Tuesday, 16 January 2018 12:02

PM sets up working group for state capital management committee foundation The Prime Minister issued Decision 66/QD-TTg on January 15 to set up a working group to supervise the establishment of a committee for state capital management at enterprises.
 
 

Vietnam’s banking sector regains strength

Monday, 15 January 2018 12:52

Vietnam’s banking sector regains strength International institutions have given positive comments about the operation of the Vietnamese banking sector.    
 
 

F&N eyes 14.5 million more Vinamilk shares

Saturday, 13 January 2018 12:39

F&N eyes 14.5 million more Vinamilk shares F&N Dairy Investments Pte Ltd has registered to purchase 14.5 million shares in Vietnam Dairy Products JSC (Vinamilk) in a bid to raise its ownership in Vietnam’s largest dairy producer.
 
 

The most impressive events in the startup community in 2017

Friday, 12 January 2018 13:53

The most impressive events in the startup community in 2017 The year 2017 continued seeing the strong rise of startups, which have been catching more attention from domestic and foreign investors.  
 
 

Budget deficit target set at 3.7% of GDP

Thursday, 11 January 2018 11:39

Budget deficit target set at 3.7% of GDP The Ministry of Finance (MoF) expects to keep this year’s State Budget deficit at 3.7 per cent of the GDP, below the 3.9 per cent mandated by the National Assembly.
 
 

Banks increase foreclosures on mortgaged properties to collect debt

Wednesday, 10 January 2018 13:28

Banks increase foreclosures on mortgaged properties to collect debt As investors have fallen into insolvency, many large properties have been distrained by commercial banks and put up for sale. HOREA (HCMC Real Estate Association) estimates that about 500 projects have become ‘clinically dead’.     
 
 

Finance ministry again pushing for VAT rate hike

Tuesday, 09 January 2018 10:07

Finance ministry again pushing for VAT rate hike The Ministry of Finance (MoF) is once again looking at raising the value added tax (VAT) rate from the current 10 per cent to 11 per cent in 2019 and then 12 per cent in 2020, after it issued a proposal in August last year calling for a 12 per cent rate starting next year.
 
 

Vinalines` debts drop sharply on back of better performance

Monday, 08 January 2018 11:37

Vinalines` debts drop sharply on back of better performance State-owned shipping giant Vinalines targets to reduce its debt to around VND300 billion ($13.6 million) when it becomes a joint stock company within this year.
 
 

Impressive achievements in Vietnam’s exports in 2017

Saturday, 06 January 2018 11:13

Impressive achievements in Vietnam’s exports in 2017 Vietnam’s exports in 2017 were fruitful despite many difficulties caused by natural disasters and import markets. The Ministry of Industry and Trade predicts that Vietnam will earn US$200 billion from exports this year, 13% more than last year, exceeding the set target.   
 
 

PM cracks down on land management violations

Friday, 05 January 2018 11:29

PM cracks down on land management violations Prime Minister Nguyen Xuan Phuc has called for strict punishments for organisations and individuals who commit violations in land-use and management.
 
 

Central bank injects US$792 million to support market

Friday, 05 January 2018 11:16

Central bank injects US$792 million to support market State Bank of Viet Nam (SBV) made a net cash injection of VND18 trillion (US$792 million) into the economy in the past week.
 
 

Vietnam`s GDP growth could reach 7% in 2018: SSI

Thursday, 04 January 2018 13:01

Vietnam`s GDP growth could reach 7% in 2018: SSI Viet Nam’s economy could achieve a growth rate of 7 per cent in 2018, despite an anticipated decline in the mining industry.
 
 

Vietnam’s trade surplus hits US$2.7 billion in 2017

Wednesday, 03 January 2018 13:08

Vietnam’s trade surplus hits US$2.7 billion in 2017 Vietnam maintained a trade surplus of about US$2.7 billion this year, the same figure as 2016, according to the General Statistics Office (GSO).  
 
 

Vietnam’s pharmaceutical sector expected higher growth

Tuesday, 02 January 2018 14:26

Vietnam’s pharmaceutical sector expected higher growth Viet Nam’s pharmaceutical market is estimated to record revenue of US$5.2 billion in 2017, a 10 per cent increase from last year. The market is set for double digit growth within the next five years, according to Viet Nam Report Company (VNR).
 
 

Central bank extends forex loan policy

Saturday, 30 December 2017 12:13

Central bank extends forex loan policy The State Bank of Vietnam (SBV) has officially extended a policy allowing exporters to take loans in foreign currencies for another year instead of stopping it on December 31 as planned.
 
 

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