Cashew sector predicted to keep stable growth

Cashew sector predicted to keep stable growth

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.

Firms hopeful about 2017

Firms hopeful about 2017

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.

Vung Ang II thermal power plant BOT project agreement clinched

Vung Ang II thermal power plant BOT project agreement clinched

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.

SBV aims to hold inflation under 4% in 2017

SBV aims to hold inflation under 4% in 2017

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.

Property weathers the storm

Property weathers the storm

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.

Vietnam plans to ship 3 million tons of rice to Philippines

Vietnam plans to ship 3 million tons of rice to Philippines

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.

Hoa Sen Group plans large-scale restructuring

Hoa Sen Group plans large-scale restructuring

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.

Securing energy for economic development

Securing energy for economic development

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.

US group, PVEP sign gas project development framework agreement

US group, PVEP sign gas project development framework agreement

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.

AIIB eyes infrastructure development in Vietnam

AIIB eyes infrastructure development in Vietnam

The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Vietnam, said AIIB President Jin Liqun.

SCIC discloses year-end income report

SCIC discloses year-end income report

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.

As Vietnam banks digitise, customer service key

As Vietnam banks digitise, customer service key

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.

OV remittances contribute to national development

OV remittances contribute to national development

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.