Economy
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British Minister of State praises Vietnam’s economic development
Vietnam has seen strong economic growth in the past three decades, second only to China, and this has opened up great opportunities for foreign firms, including those from the UK, to boost investment
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Ministry urged to design special mechanisms for north-south highway
Deputy Prime Minister Trinh Dinh Dung asked the Transport Ministry to soon submit special mechanisms for the north-south highway project during a meeting to launch the sector’s activities for 2018.
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Aquatic export expected to hit 9 billion USD in 2018
The Directorate of Fisheries has set a seafood export value of 9 billion USD for 2018, as heard at a conference held on January 16 by the sector to set out its 2018 tasks.
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OMO rates cut to support growth
The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years
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Auspicious start to Vietnamese rice export in 2018
Vietnamese rice exports have got off to a positive start right from the outset of the year, with promising signs from traditional rice importers like the Philippines and Indonesia.
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Standard Chartered forecasts 6.8 percent GDP growth for Vietnam
Standard Chartered Vietnam in Ho Chi Minh City on January 17 issued a global economic report, forecasting that Vietnam’s GDP will expand 6.8 percent in 2018.
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PM urges MPI for growth solutions
Prime Minister Nguyen Xuan Phuc asked the Ministry of Planning and Investment to offer the Government solutions to boost economic development and turn Vietnam into a “new tiger” of Asia.
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Ho Chi Minh City industry shows stability
Ho Chi Minh City’s industrial production was forecast to maintain steady growth in 2018 with the industrial production index (IIP) to rise about 8-8.5 percent against last year, according to the munic
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MoF wants hike in tax on capital/securities trade income
The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 percent for trades not registered to the Vietnam Securities Depository (
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Vietinbank posts 405-million-USD pre-tax profit
The Vietnam Bank for Industry and Trade (VietinBank) reported its pre-tax profit of over 9.2 trillion VND (405.7 million USD) in 2017, equivalent to 105 percent of its yearly plan, heard a conference
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Vietnam an ideal destination for foreign startups
Vietnam has become an ideal location to start a business, not only for young overseas Vietnamese people but also for expats thanks to the country’s strong economic growth in recent years.
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Insurance market maintains growth above 21 percent
The insurance market has maintained a high growth rate of 21.2 percent in 2017, gaining revenue of 105.61 trillion VND (4.65 billion USD), a senior finance ministry official has said.
