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Economy

HCMC aims to halve customs clearance time

HCMC aims to halve customs clearance time

The HCM City customs department aims to cut the time it takes for clearing goods by half by the end of this year, Dinh Ngoc Thang, its deputy head, told the media on the sidelines of a meeting with American businesses on Wednesday.

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How to meet 6.7% GDP growth target this year?

How to meet 6.7% GDP growth target this year?

The Government has set a target of achieving a GDP growth rate of 6.7% and consumer price index (CPI) of 4% for 2018.

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VN “King of pangasius” suffers heavy loss

VN “King of pangasius” suffers heavy loss

Hung Vuong Joint Stock Company (HVG)’s consolidated audit statement for the fiscal year 2016-2017 has reported a negative after-tax profit of VND705 billion ($31 million) instead of the VND63 billion ($2.8 million) self-reported profit figure. 

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E5 bio-fuel quality comes under scrutiny from drivers

E5 bio-fuel quality comes under scrutiny from drivers

Nearly three weeks since RON92 grade petrol was replaced with E5 bio-fuel, customers have questioned the bio fuel’s quality, Tien Phong (Vanguard) newspaper reported.

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HCMC industrial zones seek $900m

HCMC industrial zones seek $900m

The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.

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Vietnam hindered by weak logistics

Vietnam hindered by weak logistics

PM Nguyen Xuan Phuc has asked the Ministry of Transport to investigate the high transportation fees which are affecting local import-export companies.

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Plastics growth garners strong interest

Plastics growth garners strong interest

Vietnam’s plastics and packaging industry is luring in a new wave of foreign investors due to the sector’s strong growth.

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Asian investors pour capital into VN real estate projects

Asian investors pour capital into VN real estate projects

The strong capital flow from Asian investors has helped warm up the real estate market and revive projects which have been left idle for many years.  

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Stumbling blocks facing businesses in FTA implementation

Stumbling blocks facing businesses in FTA implementation

Lack of information, human resources and viable strategies are the three major difficulties facing Vietnamese businesses attempting to carry out the Free Trade Agreements (FTAs), says Nguyen Dinh Cung, Director of the Central Institute for Economic Management (CIEM).

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PV Power to hold IPO roadshows next week

PV Power to hold IPO roadshows next week

PetroVietnam Power Corporation (PV Power) will hold two roadshows to introduce the investment opportunity in the company’s initial public offering (IPO), scheduled on January 31 on the Ha Noi Stock Exchange.

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Ministry asked to support steelmakers in US’s anti-dumping investigations

Ministry asked to support steelmakers in US’s anti-dumping investigations

The Vietnam Steel Association (VSA) has asked the Ministry of Industry and Trade (MoIT)’s Department of Trade Defence to assist Vietnamese steel producers in anti-dumping (AD) investigations of corrosion-resistant steel (CORE) and cold rolled steels (CRS) launched by the US. 

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MWG deal under scrutiny by competition authority

MWG deal under scrutiny by competition authority

Mobile World Group (MWG) has just announced completing the acquisition of a 95 per cent controlling stake in Tran Anh (TAG). However, MWG’s resulting market share, as the company already held 30 per cent before the deal, could cause legal issues, blocking the corporation’s designs of expansion.

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Vietnam had catfish bumper year in 2017

Vietnam had catfish bumper year in 2017

Vietnam’s catfish (pangasius) export turnover in 2017 was expected to reach $1.8 billion, an increase of 4 percent over the year before, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).     

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Vietnam surpasses 2017 GDP target aided by global strength

Vietnam surpasses 2017 GDP target aided by global strength

Viet Nam is expected to achieve Gross Domestic Product (GDP) growth of 6.81 per cent this year, surpassing the Government’s target of 6.7 per cent.  

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Foreign distributors to remap petroleum distribution market

Foreign distributors to remap petroleum distribution market

Analysts believe the petroleum distribution market will see a breakthrough after the conclusion of IPOs for PV Oil and Binh Son Refinery (BSR).

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Bidders to publicise contracts

Bidders to publicise contracts

To improve openness and transparency, the Ministry of Planning and Investment (MPI) has asked contractors to make their bids accessible to the public on the National Procurement Network (NPN).

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