The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service said in a recent report.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Authorities of Laos’ Sekong province organised an investment and tourism promotion conference in Tam Ky city of the Vietnamese central province of Quang Nam on July 26.
Hanoi has reportedly undergone considerable changes in its economic growth, appearance and infrastructure a decade on from the administrative boundary expansion.
Chief negotiators of the 11 countries involved in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 18 met in Kanagawa prefecture of Japan to accelerate the completion of domestic procedures so that the deal will come into effect soon.
VOV.VN - In the first half of the year, Vietnam’s economy recorded impressive growth in comparison with previous years. The result is partly due to the government’s drastic measures to attain the year’s targets.
Vietnam’s impressive fruit export revenue in the first half of this year adds little value to the country’s economic growth as most of the shipment were re-exports of produce from Thailand.
VOV.VN - The country’s exports are estimated to have reached US$113.93 billion during the first half of 2018, a year-on-year rise of 16%, according to the General Statistics Office of Vietnam (GSO).
Manufacturing and processing sector grew by 13.02% in the first half of 2018, the highest in seven years, contributing 2.63 percentage points to the country’s economic growth, said Director General of the General Statistics Office (GSO) Nguyen Bich Lam.
Increasing value-added tax (VAT) does not help boost economic growth, but it can increase the poverty rate, said a report announced by the Vietnam Institute for Economic and Policy Research (VEPR) under the University of Economics and Business - Vietnam National University in Hanoi on June 28.
Industrial production of the southern province of Dong Nai in the first six months of 2018 grew 8.35% over the same period of 2017.
The Central Highlands province of Gia Lai has worked to replace traditional key farm produce like rubber, coffee and pepper with fruit trees, which generate more income.
Northeastern Quang Ninh province’s economic growth is estimated at 10.16% in the first half of 2018, according to the provincial Department of Planning and Investment.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), coded VCB on the Ho Chi Minh Stock Exchange, plans to invite bids from insurers for exclusive rights to distribute life insurance products through its network.
VOV.VN - Vietnam aims to achieve a GDP growth rate of 6.7% this year. At the ongoing National Assembly session, deputies were confident of Vietnam’s sound economic performance and improved investment environment despite challenges in FDI attraction and public debts.
VOV.VN - Vietnam’s economy is seeing positive growth signs, according to a government report presented at the ongoing session of the National Assembly.
VOV.VN - The northern midland province of Phu Tho has much potential to develop an economy based on hills, forests, and craft villages. Over the years, Phu Tho has diversified its economic sectors to make full use of local potential and advantages for economic growth.
VOV.VN -The development of domestic trade and services based on widespread supply chains is the most proper way to increase competitiveness in the modern market.
A seminar took place in Hanoi on May 17 to collect opinions on building the draft Decree on the national one-stop shop mechanism and specialised inspection on exports-imports.
Domestic and foreign investors are pouring money into Vietnam, attracted by strong economic growth and a slew of sales by state-owned and private companies, according to the Reuters.