The country's crude oil exploitation output this year is estimated to reach 17.58 million tonnes, up 4.6 per cent against the government's annual target, according to the Ministry of Planning and Investment (MPI).
Prices of essential goods continued their downward trend this month, including those of petrol, oil and gas, according to the Ministry of Finance's Price Management Department.
Obi Worldphone, a US smartphone brand, enters Vietnamese market through cooperation with exclusive local partner Digiworld Corporation.
The revised laws on Housing and Real Estate Business, which allow foreigners to buy houses in Vietnam, were keenly lauded by the foreign community when they came into force in July 2015. Many foreigners living here have, for many years, wanted to own property in Vietnam either as a home or as an investment.
The State Bank of Vietnam (SBV) has made a reasonable decision not to devalue the dong further as the continued devaluation will only benefit China, according to Dr. Bui Trinh and Dr. To Trung Thanh, experts on the Chinese economy.
The Ministry of Finance has proposed to increase special consumption tax on imported goods to ensure fair competition between locally manufactured products and imported ones.
(VOV) - European pork, beef and other meat imported into Vietnam skyrocketed more than 70 fold from 2012 to 2014, according to the General Department of Vietnam Customs.
(VOV) - The Indonesian Anti-Dumping Committee (Komite Anti Dumping Indonesia (KADI) has announced that it will continue conducting anti-dumping (AD) investigations into cold rolled steel sheets imported from Vietnam, Taiwan, China, the Republic of Korea and Japan.
As part of the Government initiative Vietnamese Give Priority to Using Vietnamese Goods, members of a group of State-owned corporations yesterday signed an agreement at the central level to accord priority to using products made by the group's members.
Several future scenarios about Vietnam's foreign exchange and economy in the context of possible China's currency devaluation and US Federal Reserve's interest rate hike have been put forth by the Ministry of Planning and Investment's National Centre for Socio-Economic Information and Forecast.
(VOV) - Egypt serves as an important gateway for Vietnamese products to penetrate the Middle East and North Africa, said participants at the Vietnam-Egypt Business Forum held in Cairo on September 7.
Analysts warned that dollar price fluctuations would prompt foreign investors to withdraw capital from Vietnam. If so, this would put pressure on the exchange rate.
The Ministry of Industry and Trade (MoIT) will carry out inspections on imported monosodium glutamate (MSG) after Taiwanese company Vedan proposed a safeguarding duty on the seasoning powder, according to the Lao Dong (Labour) newspaper.
Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 % short on the set target, said the Vietnam Coffee and Cocoa Association.
The government of Vietnam has said that the national economy has not been hurt by the Chinese yuan devaluation but analysts are less optimistic.
Financial expert Dr. Nguyen Tri Hieu said to reach the regional level, a bank must have total assets of at least US$50 billion and equity of about US$5 billion.
Credit this year has grown robustly and might surpass the 15-17 % annual target, however, commercial banks will find it difficult to balance lending and deposit sources, according to experts.
(VOV) -Many economic experts argue it is difficult for global oil prices to go up again and with the worst scenario, oil prices may drop a mere US$30/ barrel, causing a huge loss for this year’s budget revenue and heavily weighing against economic growth.
(VOV) - The US Department of Commerce has issued preliminary results of the anti-dumping duty administrative review (POR 11) which decided the tax rates imposed on Vietnamese tra fish fillets imported to the country between August 1, 2013 and July 31, 2014.
As predicted, importers have tried to lower Vietnam’s rice price after the Chinese government’s devaluation of the yuan.
The retail prices of RON 92 and E5 petrol were reduced by VND1,198 (US$0.05) per litre as of 3 pm on September 3, marking the 15th price adjustment this year.
(VOV) - The housing market in Hanoi and Ho Chi Minh City is heating up as lower inventories, strong demand and a spill over from foreign buyers relocating to Vietnam as a consequence of the nation’s buoyant economy lifting property values.
(VOV) - The Malaysian Ministry of International Trade and Industry (MITI) has commenced an anti-dumping investigation on cold rolled steel coils imported from Vietnam, China and the Republic of Korea (RoK).
Total retail sales of Vietnam's goods and services reached VND2,116.67 trillion (US$94 billion), a 10.1 % increase over the same period last year, or 9.1 % if inflation is excluded.
(VOV) - Vietnam Airlines first Boeing B787-9 Dreamliner made its highly anticipated initial landing at Heathrow Airport in London on September 1, showcasing the airlines new corporate identity and brand image.
New Zealand’s Trade Minister Tim Groser said that the Association of Southeast Asian Nations (ASEAN) has become an increasingly important market to his country.
(VOV) - The Australian Anti-Dumping Commission (ADC) has announced to conclude its investigation into of zinc-coated (galvanised) steel imported from Vietnam
(VOV) - Vietnamese living abroad remitted around US$330 million in August, bringing the total remittances in 8 months this year to US$2.75 billion, 13.2% higher than last year’s same period.
Yogurt, whey and cheese are bringing two-digit growth rates to milk producers.
The government of Vietnam does not intend to give up the dream of developing an automobile industry, even though it has failed to do so in the last two decades.