The Mekong Delta province of Bac Lieu strives to rake in US$785 million from exports in 2016, up US$400 million against the previous year.

The diplomatic sector will continue fostering political relations to provide optimal conditions for the development of economic-trade ties, Deputy Prime Minister and Foreign Minister Pham Binh Minh has said. 

The margin limit for exchange rates remains at +/-3, Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong told a press conference in Hanoi on January 4.

(VOV) - Drivers will start paying less at the pump for petrol effective as of 3 pm on January 4, according to a price adjustment just announced by the Ministry of Industry and Trade (MoIT).

The retail sales of goods and services saw a surge in supermarkets and trade centres across the country during the New Year holiday from December 31 to January 3.

Officials expect Vietnam’s tra fish (pangasius) export value to continue falling this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

The northern province of Bac Ninh has become a magnet for foreign investors thanks to its attractive investment environment and synchronous infrastructure system with a series of modern industrial zones (IZ). 

Nestled in the southern gateway of Hanoi, Gamuda City, developed by Gamuda Land Vietnam, has become the prime choice for many homebuyers in the capital.

The State Bank of Vietnam (SBV) on January 4 set the daily central rate for the dong/dollar at VND21,896, the very first day it adopted a new management mechanism in the hope of giving more flexibility to the foreign exchange rate.

The Ministry of Industry and Trade has asked the Vietnam Chamber of Commerce and Industry (VCCI) and the General Department of Customs to investigate the granting of certificate of Vietnam origin for goods temporarily imported for re - export.

Vietnam needs to take measures to protect itself including aligning its economic institutions with other ASEAN nations in order to avoid the risk of economic crisis when the ASEAN Economic Community (AEC) is officially formed, according to a leading economist.

Foreign credit institutions intending to contribute to establishing non-banking financial companies will be required to own minimum US$10 billion of assets at the end of the previous year as from February 8. 

2015 has been a successful year for attracting foreign direct investment in Vietnam, with a bright future expected for 2016.

Although Vietnam embarks upon its socio-economic development for the 2016-2020 period with a string of bright achievements under its belt, enterprises are still somewhat hampered by certain hurdles that must be resolved, says Professor Nguyen Mai, former vice chairman of the Ministry of Planning and Investment.

This year, Hanoi will see breakthroughs in attracting investment capital, according to deputy director of the municipal Department of Planning and Investment Tran Ngoc Nam.

Vietnamese exporters of agricultural products must join global production chains if they are to take advantages of the opportunities of the Trans Pacific Partnership (TPP) free trade pact.

The Mining Chemical Industry Company under the Vietnam National Coal and Mineral Industries Group (Vinaconmin) has claimed 77% of the industrial explosive material market in recent years.

The government’s efforts to simplify business registration regulations, allow foreigners to own property and improve infrastructure are attracting both local and foreign investors.

Vietnam's insurance sale reached around VND68 trillion (US$2.96 billion) by 2015 end, up 21.43% year on year, the highest growth since 2011, according to latest figures released by the Ministry of Finance.

Plastic businesses are planning to invest in production lines and improving product quality as the industry is forecast to face many challenges when the ASEAN Economic Community (AEC) is formed.

The Vietnamese property market is entering 2016 after witnessing recoveries of firms in 2015, driven by macroeconomic improvements and policies of openness.

(VOV) -Vietnam faces new opportunities and challenges this year following the coming into force of its free trade agreements (FTAs) with the Republic of Korea, the Eurasia Economic Union and the establishment of the ASEAN Community. 

(VOV) -To deal with challenges brought in by free trade agreements, this year the agricultural sector has stepped up the restructuring process to create a firm foundation for sustainable integration in 2016. 

The four ports co-owned by Vinalines with foreign partners are either making huge losses or ceased operations.

The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years. 

(VOV) -Global cashew nut production averaging about 2.1 million metric tons annually with revenue ranging US$1.5-US$2 billion represents a major product for tens of thousands of the nation’s small-scale farmers, according to the Vietnam Cashew Association (Vinacas). 

(VOV) - France Emulsion – a leader in paving solutions, processes and machinery – has announced its commitment to the local community by constructing a US$22 million asphalt emulsion plant in Binh Dinh Province.

As Vietnam joins the Trans-Pacific Partnership (TPP) and other trade pacts, experts call for more effective credit solutions to assist Vietnamese farmers. 

Ports across the country were busy welcoming the first cargo ships and containers of 2016 on January 1.

Domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said.