The State Bank of Vietnam (SBV) will issue a new mechanism on foreign exchange management next year to cope with changes in the market, especially the global market.

Vietnam’s export turnover in 2015 is estimated at US$162.4 billion, representing a year-on-year increase of 8.1%, the lowest pace over the past five years.

The Ministry of Transport has instructed relevant agencies to closely monitor fees charged by carriers to ensure the decrease in fuel prices is factored in.

A workshop was held in Ho Chi Minh City on December 28 to raise awareness of free trade agreements (FTA) among businesses in southern localities.

Vietnam has emerged as one of the attractive destinations for Russian holiday-makers.

The PACE Institute of Management, a leading school for business leaders in Vietnam, has conducted a project to raise awareness of global integration for local enterprises.

The Ho Chi Minh City Tourism Association has kicked off the domestic tourism promotion programme, with the participation of Vietnam Airlines, Vietjet Air, Jetstar Pacific and Saigon Railway Company, to offer attractive discounts for ticket fares.

A pilot concentrated livestock production zone was inaugurated in Gia Tan 2 commune of Thong Nhat district, southern Dong Nai province on December 28, the first of its kind to be funded by the World Bank (WB) in Vietnam. 

Prime Minister Nguyen Tan Dung has urged ministries, sectors and localities to do their best in order to fulfill socio-economic targets set for 2016. 

(VOV) - Republic of Korea (RoK) businesses led by multinational electronics giant Samsung continue to lead foreign groups with operations in Vietnam, according to the Foreign Investment Agency.

(VOV) - Preliminary estimates by the Ministry of Agriculture and Rural Development (MARD) released on December 28 show that overseas rice shipments for 2015 jumped 5.8% on-year in volume to 6.7 million metric tons.

The home appliance industry should see promising growth amid more economic integration with the world, experts said at a recent conference in Hanoi.

(VOV) - Despite exports for the agriculture, forestry and aquatics sector having struggled during 2015, their annual total should still should be close to the target of US$30 billion set by the National Assembly, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s industrial production index increased 9.8% in 2015, the biggest expansion in the past five years, according to the General Statistics Office (GSO).

Vietnam’s tra fish industry should take proactive steps to find new markets, experts said amidst newly arising challenges to the industry’s export including the US’s anti-dumping duties and new rules requiring domestic and foreign suppliers to meet the same standards. 

(VOV) - Japanese border and customs inspectors have given clearance to an estimated 20 metric tons of mangoes over the past month, reports the Ministry of Agriculture and Rural Development (MARD).

Vietnam had 120.6 million mobile subscriptions by the end of this year, according to a report from the Vietnam Telecommunications Authority.

Vietnamese chicken farmers have been suffering from big losses for a long time due to high input costs and low selling prices, an official said. 

The 2nd conference for young scientists in economic science themed “ASEAN Economic Community (AEC) 2015-Perspective and Challenges” was held in Ho Chi Minh City on December 27.

Diverse sources of foreign direct investment (FDI) are expected to help Vietnam create equilibrium in attracting FDI and ease reliance on certain sources.

Despite high expectations for a third wave of investment from Japan into Vietnam, Japanese investment figures have fallen in the past few years.

The country's seafood exports fell to an estimated US$6.72 billion in 2015, down 14.3% over 2014 and 10.4% compared with this year's target.

Recently, consignment ‘warehouses’ offering used clothes at affordable prices have become increasingly appealing to shoppers, consigners and intermediate consignees alike.

International visitors to Vietnam are estimated to hit 7.94 million in 2015, down 0.2% from the previous year, which is the first decrease in the last six years, according to the General Statistics Office (GSO).

Investments by overseas Vietnamese in Vietnam play an important role in the development of the domestic economy, said Ministry of Industry and Trade official Duong Phuong Thao.

The southernmost province of Ca Mau to date has earned roughly US$1 billion from exporting its aquatic products, dropping nearly 20%  from last year. 

An award ceremony was held in Hanoi on December 27 to honour 49 outstanding employers in 2015. 

The MobiFone Telecommunications Corporation targets total revenue of VND35.8 trillion (US$1.59 billion) in 2016, 10% higher than that of 2015, and a profit of VND5.2 trillion (US$231 million). 

More than 94,750 businesses were founded in 2015, representing a rise of nearly 30% compared to the previous year, statistics have revealed. 

Logistics costs in Vietnam account for 20-25% Gross Domestic Product (GDP), which is 10% higher than other developing nations in the region, the association said.