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Vietnam lures US$1.9 billion in FDI in January
Foreign direct investment (FDI) pledged in Vietnam witnessed a significant yearly increase of 52 per cent to US$1.9 billion in the first month of this year, according to the Ministry of Planning and Investment.
Steel producers urged to enhance product quality to compete
Enhancing product quality and optimising production cost would help domestic steel producers compete with the cheap products imported from China, Nguyen Van Sua, deputy president of the Vietnam Steel Association, said.
Foreign investors pour more money into food processing and drinks industry
The food processing and drinks industry has seen growth of 7 per cent in recent years, with more and more foreign investors deciding to pour money into the sector.
Lunar New Year sparks demand for cars
The Vietnamese habit of making big-ticket purchases ahead of Lunar New Year has sparked off huge demand for cars in recent weeks.
Community-based forest management the way forward
Forestry experts are optimistic about the future in Vietnam, largely thanks to community-based forest management.
Master plan needed to develop shrimp farming
Shrimp farming on sandy land has brought profits to the coastal central provinces over the years. But the unplanned and spontaneous expansion of this model is accompanied by the potential of severe negative impacts on economy and environment.
Ceramic producers seek to sustain exports
The fierce competition in both the domestic and export markets is forcing ceramic producers to improve their production process and product quality.
Central bank builds up currency reserves
The State Bank of Vietnam (SBV) has so far this year bought more than 1 billion USD from commercial banks to build up the nation’s foreign currency reserves.
Bubble maestro Fan Yang is back to dazzle Hanoian audience
World-renowned bubble artist Fan Yang, who has enchanted audiences all over the world with his unique and fantastic shows combining lasers and music, has returned to Vietnam to dazzle spectators.
Russian automaker seeks joint venture in Vietnam
Russian automotive manufacturer Gorkovsky Avtomobilny Zavod (GAZ) is seeking a joint venture with local Thanh Dat Group to build an automobile plant in the central city of Da Nang.