RoK spawns manufacturing growth of Vietnam
RoK spawns manufacturing growth of Vietnam

(VOV) - Vietnam currently is the most attractive country of South and East Asia for transnational companies from the RoK– with relatively constant foreign direct investment (FDI) inflows in recent years.

RoK spawns manufacturing growth of Vietnam
Foreign currency loans stimulate credit growth
Foreign currency loans stimulate credit growth

Export companies preferred loans in foreign currencies than in the Vietnamese dong due to a stable foreign exchange policy and lower interest expenses.

Foreign currency loans stimulate credit growth
Fruit and vegetable trade surplus hit US$956 mil
Fruit and vegetable trade surplus hit US$956 mil

(VOV) - Vietnam is estimated to earn nearly US$1.5 billion this year from exporting fruit and vegetables while spending only US$521 million on imports, according to the Vietnam Fruit and Vegetables Association. 

Fruit and vegetable trade surplus hit US$956 mil
US – the largest market for Vietnamese products
US – the largest market for Vietnamese products

(VOV) - The US has become the biggest importer of Vietnam, with two-way trade turnover reaching approximately US$28.5 billion in 2014, up 19.6% compared to last year’s figure.

US – the largest market for Vietnamese products
Each Vietnamese bears over US$950 public debt
Each Vietnamese bears over US$950 public debt

(VOV) - Vietnam’s public debts were estimated at more than US$86.267 billion as of 8:40am (local time) on December 28, accounting for 47% of the country’s GDP, according to Global debt clock at The Economist.com.

Each Vietnamese bears over US$950 public debt
Vietnam’s GDP expands by 5.98 percent in 2014
Vietnam’s GDP expands by 5.98 percent in 2014

The gross domestic product (GDP) in 2014 is estimated to grow by 5.98 percent over the previous year, Director General of the Vietnam General Statistics Office (GSO) Nguyen Bich Lam reported at a press conference in Hanoi on December 27.

Vietnam’s GDP expands by 5.98 percent in 2014
Vietbuild Home 2014 opens in HCM City
Vietbuild Home 2014 opens in HCM City

(VOV) - Around 270 local and foreign companies are showcasing  their latest  products and services at Vietbuild Home 2014, which opened December 27 at the Saigon Exhibition and Convention Centre in HCM City.

Vietbuild Home 2014 opens in HCM City
Vietnamese firms invest over US$1.6 bil abroad in 2014
Vietnamese firms invest over US$1.6 bil abroad in 2014

(VOV) - Vietnamese businesses have pumped more than US$1.6 billion in investment projects abroad this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA). 

Vietnamese firms invest over US$1.6 bil abroad in 2014
EC drops anti-subsidy probe into PSF products
EC drops anti-subsidy probe into PSF products

(VOV) - Following a 12 month enquiry, the European Commission (EC) has recently decided not to impose anti-subsidy duties against Vietnamese imports of polyester staple fibres (PSF), according to the Vietnam Competition Authority (VCA).

EC drops anti-subsidy probe into PSF products
VNPT International opens branch office in Laos
VNPT International opens branch office in Laos

(VOV) - Vietnam Posts and Telecommunications International (VNPT) inaugurated a branch office on December 26 in Laos, joining a growing list of companies seeking a foothold in the country’s telecom industry.

VNPT International opens branch office in Laos
10 farm products with export value of over US$1 billion
10 farm products with export value of over US$1 billion

(VOV) - Ten agricultural products each has an export value of more than US$1 billion include rice, coffee, rubber, cashew nut, pepper, cassava, vegetables and fruits, tra fish and forestry products.

10 farm products with export value of over US$1 billion
Local firms unaware of technical barriers to trade
Local firms unaware of technical barriers to trade

(VOV) - Vietnamese businesses are not fully aware of technical barriers to trade, challenges and opportunities, said Duong Dinh Giam, General Director of the Industrial Policy and Research Institute at a seminar in HCM City on December 26.

Local firms unaware of technical barriers to trade
Private equity investors keen on Vietnam
Private equity investors keen on Vietnam

Private equity investors are paying more attention to Vietnamese market and ready to put additional resources here in expectation of better long-term returns, according to the Grant Thornton global private equity report 2014-2015.

Private equity investors keen on Vietnam
Thai Nguyen posts record economic growth
Thai Nguyen posts record economic growth

The northern province of Thai Nguyen posted an economic growth of 18.6 percent this year, 3 percent higher than the set target, and the highest annual rate ever.

Thai Nguyen posts record economic growth
Coffee meets new standards
Coffee meets new standards

Around 19,000 coffee farmers in Vietnam have adopted the international 4C (Common Code for Coffee Community) standards for sustainable production and trading with assistance from authorities and food giant Nestle.

Coffee meets new standards
Emerging technologies at the forefront of food and beverage sector
Emerging technologies at the forefront of food and beverage sector

(VOV) - Despite the global economic downturn over recent years, Vietnam’s food and beverage sector has maintained an above average annual growth rate – the highest level in Asia, most notably in Southeast Asia.

Emerging technologies at the forefront of food and beverage sector
SMEs are the backbone of Hanoi’s economy
SMEs are the backbone of Hanoi’s economy

(VOV) -Small and medium-sized enterprises (SMEs) account for over 95% of businesses in Hanoi and generate most of the jobs in the city, says Mac Quoc Anh, vice chairman cum general secretary of the Hanoi Small and Medium-Sized Enterprises Association.

SMEs are the backbone of Hanoi’s economy
RoK – largest investor in Vietnam for 2014
RoK – largest investor in Vietnam for 2014

(VOV) -The Republic of Korea (RoK) is Vietnam’s largest investor for calendar year 2014, according to the latest statistics from the Foreign Investment Agency (FIA), under the Ministry of Planning and Development.

RoK – largest investor in Vietnam for 2014
Automobile imports near record high
Automobile imports near record high

The total import turnover of Completely Built-Up (CBU) automobiles in Vietnam this year reached US$1.446 billion, which nearly matched the record level of US$1.5 billion.

Automobile imports near record high
National single window system launched
National single window system launched

(VOV) -The Ministry of Finance and the Ministry of Industry and Trade have jointly launched their national single window system. 

National single window system launched
Vietnam Airlines launches new terminal at Noi Bai Int’l
Vietnam Airlines launches new terminal at Noi Bai Int’l

(VOV) - National Flag Carrier, Vietnam Airlines, launched a new – Terminal 2 – at the Noi Bai International Airport with the first flight to Singapore having departed December 25 at 10:45 with some 167 passengers on board. 

Vietnam Airlines launches new terminal at Noi Bai Int’l
LaoVietBank breaks ground on northern Lao branch
LaoVietBank breaks ground on northern Lao branch

(VOV) - The Laos-Vietnam Joint Venture Bank (LaoVietBank) has broken ground on a five-storey US$4.65 million branch bank in Phonsavan commune in Xieng Khouang province in northern Laos.

LaoVietBank breaks ground on northern Lao branch
Vietnam trade deficit with Thailand widens as imports climb
Vietnam trade deficit with Thailand widens as imports climb

(VOV) - Vietnam’s trade deficit with Thailand broadened by US$3.50 billion in the 10 months leading up to November as the country’s imports continued to outpace exports, according to the most recent statistics from Vietnam Customs. 

Vietnam trade deficit with Thailand widens as imports climb
Increase export tax on woodchips: MARD
Increase export tax on woodchips: MARD

The Ministry of Agriculture and Rural Development (MARD) has petitioned the State to increase export tariffs on woodchips from 0 percent to 5-10 percent, in a move to limit woodchip exports. 

Increase export tax on woodchips: MARD
Fuel price cuts continue dragging CPI down
Fuel price cuts continue dragging CPI down

The December consumer price index (CPI) fell by 0.24% from the previous month, bringing the CPI growth for the entire year down to only 1.84%, said the General Statistics Office (GSO).

Fuel price cuts continue dragging CPI down
Vietnam’s biggest card service unions to be merged
Vietnam’s biggest card service unions to be merged

The two largest card networks in Vietnam - Vietnam National Financial Switching Joint Stock Co. (Banknetvn) and Smartlink Card Services Joint Stock Company (Smartlink) – will be merged under a decision signed by Prime Minister Nguyen Tan Dung on December 22.

Vietnam’s biggest card service unions to be merged
Gentherm begins building new manufacturing facility in Vietnam
Gentherm begins building new manufacturing facility in Vietnam

(VOV) - A world leader in thermal technology, Gentherm Inc announced on December 23 that it intends to expand its production capacity in the fast growing Asia market by opening a new manufacturing facility in the northern part of Vietnam, close to the capital city of Hanoi. 

Gentherm begins building new manufacturing facility in Vietnam
Deputy PM: Import tariff cut under FTAs commitment
Deputy PM: Import tariff cut under FTAs commitment

Ministries, sectors, and localities need to seriously realise the country’s commitment to import tax reduction as agreed in signed Free Trade Agreements (FTAs) in the 2015-2018 period.

Deputy PM: Import tariff cut under FTAs commitment
E-commerce – inevitable and vital for retail industry
E-commerce – inevitable and vital for retail industry

(VOV) - E-commerce is both very new and indispensable at the same time. Since it first started gaining traction in the 1990s nearly every brick and mortar business in developed countries have developed an online sales strategy.

E-commerce – inevitable and vital for retail industry
Awards honour SMEs and brand name developers
Awards honour SMEs and brand name developers

(VOV) - A presentation ceremony for the biennial Vietnam National Trademark Council (VNTC) awards was held December 23 in Hanoi.

Awards honour SMEs and brand name developers
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