Vietnam’s cashew nuts exports in 2016 posted rapid growth, reaching 348,000 tonnes, generating a year-on-year increase of 19.1% in export turnover, heard a conference in Ho Chi Minh City on January 16.
Myanmar National Tele & Communications Co Ltd (MNTC) has officially received a licence to begin offering nationwide telecommunications services under the Mytel brand name.
Vietnamese firms are mostly optimistic about their business results for 2017, driven by the improved macro-economy coupled with Government efforts to improve the business climate and remove obstacles.
The Ministry of Planning and Investment (MoPI) pledged to provide the best possible conditions for Japanese enterprises to operate in Vietnam and cooperate with Vietnamese localities.
The Vung Ang II thermal power build-operate-transfer (BOT) project agreement was inked between the General Directorate of Energy (GDE) of the Ministry of Industry and Trade and the Vung Ang II thermal power joint stock company on January 16 in Hanoi.
Vietnam’s GDP is expected to grow at 6.6% in 2017 following a drought-induced slowdown in 2016, according to Standard Chartered Bank’s Global Research Briefing.
The State Bank of Vietnam (SBV) will control inflation under 4% and stabilise the macro economy to reach a GDP growth of 6.7%, as well as ensure a safe operation for the banking system, a high ranking official of the central bank said.
The Australian Ministry of Agriculture and Water Resources has given the green light to the import of Vietnam’s dragon fruit on the condition that the fruit meets bio-security requirements.
Regardless of global turmoil, domestic policy changes and market fluctuations, Vietnam’s real estate market will continue growing in 2017 thanks to a plethora of driving factors, according to Associate Professor Tran Kim Chung, deputy director of the Central Institute for Economic Management.
The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada.
VOV.VN - Vietnam can ship 3 million tons of rice at maximum under a freshly reached agreement on extending rice exports to the Philippines for another two years up to December 31, 2018, according to the Ministry of Industry and Trade.
At its recent shareholders’ meeting, giant steel maker Hoa Sen Group (HoSE: HSG) received approval to restructure the company in the parent and subsidiaries model.
Vietnam’s Ministry of Finance has proposed a draft law that suggests nearly tripling environmental protection tax on oil and gas consumption.
VOV.VN - Fuel resources and energy are essential to national socio-economic development. The higher the development level is, the more energy it demands. In 2017, Vietnam will take various measures to secure sufficient energy supplies.
The Vietnam National Oil and Gas Group (PetroVietnam)’s Exploration Production Corporation (PVEP) and the Exxon Mobil Vietnam Company signed a framework agreement on the Blue Whale project development and gas sale in Hanoi on January 13.
The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Vietnam, said AIIB President Jin Liqun.
The State Capital Investment Corporation (SCIC) recently announced its report for 2016 and plans for 2017, in which it claimed to have nearly doubled its 2015 post-tax income.
VOV.VN - Launched in June 2014, MoMo, a mobile payment service providing financial services to low income customers in Vietnam, has won the award for best mobile payment solution of 2016 by the Asian Banker.
Customers must be at the centre of banks’ attention as they make a move towards digital transformation in an effort to adapt to a changing landscape of financial innovation and disruptive technologies.
The increasing amounts of remittances sent back to the homeland by overseas Vietnamese over the past few years have helped the country offset its trade deficit, reduce poverty, and improve living standards of recipients.