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Economy

Strong second half of year results in big trade surplus

Strong second half of year results in big trade surplus

Vietnam has enjoyed a record 11-month trade surplus, reflecting a strong second half of the year in firms’ export-import performance.

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US launches project to improve Vietnam’s disaster preparedness

US launches project to improve Vietnam’s disaster preparedness

US Ambassador to Vietnam Daniel J. Kritenbrink today launched Phase II of the Enhanced Capacity of the Vietnam Red Cross (VNRC) project.  

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Enterprises plagued by unclear tax and fee regulations

Enterprises plagued by unclear tax and fee regulations

While the Vietnamese government is making great efforts to improve the country’s business and investment climate, unclear tax- and fee-related regulations are tormenting local firms planning to expand.

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VN’s 2018 economic prospects look up

VN’s 2018 economic prospects look up

In their latest report, experts at the Australia and New Zealand Banking Group (ANZ) are optimistic about Viet Nam’s 2018 economic situation.

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Foreign investors show keen interest in small hydropower plants

Foreign investors show keen interest in small hydropower plants

Foreign investors from Russia, Kazakhstan, Germany and Norway want to develop mini hydropower plants in Vietnam into a renewable energy source.

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HD Bank prepares to list on stock exchange

HD Bank prepares to list on stock exchange

Viet Nam’s Housing Development Bank (HD Bank) will be the fifth bank to list its shares on the country’s stock exchanges after VIB, Kienlongbank, VPBank and LienVietPostBank.

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Pressure mounts

Pressure mounts

Vietnam’s economic growth is the envy of Asia, as its neighbors struggle to keep up with its 7.4 per cent pace. 

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Japanese firm gets nod to build US$2.58-billion thermal power plant

Japanese firm gets nod to build US$2.58-billion thermal power plant

Japan’s Sumitomo Corporation has gained an investment certificate to develop Van Phong 1 thermal power project worth US$2.58 billion in the central coast province of Khanh Hoa.

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McDonald’s opens first restaurant in Hanoi

McDonald’s opens first restaurant in Hanoi

The world’s leading food service retailer McDonald’s has officially opened its first restaurant at 2 Hang Bai Street, Hanoi, marking its first foray into the northern market three years after opening its first restaurant in Ho Chi Minh City.

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Mini-marts disrupt food industry

Mini-marts disrupt food industry

Convenience stores were the most successful food and drink service channels in the past year, according to results of a survey released at a seminar held in HCM City on Thursday.

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Electronic giants setting foot in pharmaceutical retail

Electronic giants setting foot in pharmaceutical retail

In order to set foot in the pharmaceutical retail market, Mobile World Group (MWG) has chosen Phuc An Khang as the first M&A target, DigiWorld (DGW) is determined to deliver functional foods with the first products of Kingsmen, and Nguyen Kim tried to rise its shareholding by 51.14 per cent to dominate Lam Dong Pharmacy (LDP).

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Foreign firms dominate VN electronics

Foreign firms dominate VN electronics

Although Viet Nam is the world’s 12th-largest exporter of electronics and the third-largest in ASEAN since 2015, up to 95 per cent of the country’s electronics output comes from foreign-owned enterprises instead of domestic ones, the Central Institute for Economic Management (CIEM) announced on Tuesday.

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Petrolimex to sell diesel under Euro standard 5

Petrolimex to sell diesel under Euro standard 5

Viet Nam National Petroleum Group (Petrolimex) will begin selling diesel under Euro 5 standard, the highest quality of the product in Viet Nam, from the beginning of 2018.

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E-commerce growth among world`s highest

E-commerce growth among world`s highest

Sales of groceries through e-commerce platforms grew 30 per cent in the 12 months to March 2017, according to “The Future of E-commerce in FMCG” report from Kantar Worldpanel, released on November 27.

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Vietnam’s instant noodle giants

Vietnam’s instant noodle giants

The Vietnamese instant noodle market is considered extremely attractive by instant noodle manufacturers, with a market value of VND27 trillion ($1.19 billion) as well as continuously increasing consumption volumes.

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Government reports: economy sees quality improvements

Government reports: economy sees quality improvements

Vietnam’s economic growth quality has seen significant improvements recently, eliciting great praise from international organisations.

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