Authorities of the central province of Thua Thien-Hue will spend VND2 trillion (around US$88.6 million) on technical infrastructure in 2017, towards satisfying local socio-economic development requirements. 

The State Bank of Vietnam has set a credit growth target of 18% for this year and it pledged to continue measures to keep credit growth suitable to the country’s economic development.

Industrial zones in Ho Chi Minh City are expected to attract investments worth US$500 million in 2017.

The leather and footwear sector forecasts its export earnings can reach US$18 billion this year, up more than 10% from 2016, while manufacturing index would grow by 5%.

Sai Gon Giai Phong newspaper has hosted a ceremony in Ho Chi Minh City to honour 30 outstanding businesses in various fields with “the most favourite Vietnamese brand names in 2016”, as voted by the newspaper readers.

Vietnam exported 1.79 million tonnes of coffee in 2016, earning US$3.36 billion, according to the Ministry of Agriculture and Rural Development. 

State budget revenues surpassed the yearly target to hit VND1.1 quadrillion (US$48.4 billion) as of December 31, 2016, up 7.8 % or VND79.6 trillion higher than the target.

The Vietnam News Agency has selected ten outstanding economic events of 2016 as follow.

VOV.VN -  2016 has seen many milestones with Vietnam signing free trade deals which have benefited its economy.

VOV.VN - Transnational companies from the Republic of Korea (ROK) operating in Vietnam have yet to yield the profit levels they anticipated from investments in the emerging Southeast Asian country’s market, according to trade reports.