Vietnam’s export-import turnover is likely to hit a record 500 billion USD in the fourth quarter of 2019, up 5 percent from 2018, according to the General Department of Vietnam Customs. 

The Government convened its monthly meeting on January 31 to review the socio-economic situation in January and preparations for the upcoming Lunar New Year festival (Tet).

Vietnam’s leather and footwear sector is set to continue to thrive in 2019, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).  

The trade deficit will be a big challenge to the economy this year due to tax incentives that lower the price of imported goods on the Vietnamese market.

As many as 10,079 enterprises registered to be set up in the first month of this year with total registered capital of 151.1 trillion VND (6.5 billion USD), according to the General Statistics Office (GSO).

As foreign startups, including South Korean ones, are expanding operations to Vietnam in greater numbers, the market may slip out of the hands of Vietnamese startups if they fail to whip up enough support. 

Vietnam needs to accelerate the digitalisation of its economy and make the most of its full potential and strengths to promote global competitiveness, according to an economic expert from AlphaBeta Consulting.

VOV.VN - The flower market in Buon Ma Thuot city in the central highlands province of Dak Lak has become hectic in recent days, attracting a large number of visitors and residents, many of whom are making their annual visit ahead of the Lunar New Year Festival.

VOV.VN - Vietnam was the 2nd biggest investor in Myanmar in the fiscal year 2012-2013. Since then investment from Vietnam has poured into many sectors in Myanmar.

VOV.VN - The AI Map Innovation Consortium (AICON) between Japanese businesses and their partner in Vietnam has just launched an AI cloud service specifically for local construction companies.

The Prime Minister approved the ‘Scheme of deploying, applying and managing the traceability system’ with the goal to build and operate a portal on national product and goods traceability by 2020. 

The Republic of Korea (RoK) was the largest export market for Vietnamese squid and octopus last year, accounting for 40 percent of the total value, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Phu Quoc island district in the southern province of Kien Giang has a lucrative tourism market and lots of potential in the real estate market for tourism and resorts.

The Belgian-Vietnamese Alliance (BVA) launched itself as a chamber of commerce and industry for Belgium, Luxembourg and Vietnam on January 29.

Keeping up the momentum from the previous year, the Vietnamese economy got off to a good start in 2019 with many robust macroeconomic indices in the first month.

The charter capital of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has risen by 3 percent to 37.1 trillion VND (1.6 billion USD) after its recent sale of more shares to two strategic investors - the Singaporean investment fund GIC Private Limited (GIC) and Japan’s Mizuho Bank.

Vietnam’s industrial production index (IIP) in January expanded 7.9 percent year-on-year, much lower than the growth rate of 22.1 percent the same time last year, according to the General Statistics Office (GSO).

VOV.VN - The Ministry of Transport has sent a document to Prime Minister Nguyen Xuan Phuc proposing the use of official development assistance for building Rach Mieu 2 bridge in the Mekong Delta region, reports baodautu.vn.

Vietnam’s oil and gas output hit an estimated 2.05 million equivalent tonnes in January, surpassing the monthly target by 5.8 percent.

At the World Economic Forum’s annual meeting in Switzerland last week, Prime Minister Nguyen Xuan Phuc stressed that Vietnam, which is building a digital economy, continues rolling out the red carpet to welcome foreign investors, particularly in high-tech industries.

Delivery services, especially items for Tet (Lunar New Year), are working hard to meet the surge in demand in the run-up to the year’s biggest holiday in HCM City.

Bamboo Airways – the newest Vietnamese airline – launched an air route linking Ho Chi Minh City with the central province of Thanh Hoa on January 29, with the frequency of one flight per day.

The State Bank of Vietnam adjusted the daily reference exchange rate up 10 VND to 22,868 VND/USD on January 30.

Vietnam’s tuna exports are expected to thrive in 2019 as several obstacles regarding origin certification have been removed, said the Vietnam Association of Seafood Exporters and Producers (VASEP).

Hanoi needs to use a different approach in order to attract and effectively use foreign direct investment (FDI), given new opportunities and challenges that are expected to pop up in the next 10 years, Deputy Prime Minister Vuong Dinh Hue said at a working session with municipal leaders on January 29.

Vietnamese consumer prices rose slightly in January on increased shopping demand as the Tet (Lunar New Year) holidays were approaching.

Vietnam’s woodwork industry benefits from ‘clean’ supply sources, not from illegally imported timber from Cambodia, experts have warned.

Being the deal’s co-founder, Vietnam has the rights to accept or refuse a third country joining the CPTPP, while future participants could not propose too many new clauses to the deal as they must accept existing conditions.

The Ministry of Industry and Trade has issued Circular No 03/2019/TT-BCT stipulating the certificates of origin (C/O) rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Prime Minister Nguyen Xuan Phuc has approved a plan to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).