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Tag Archive for ‘Economy’

Vietnam’s spending deficit sees sharp fall in eight months of 2017

Vietnam’s 2017 spending deficit as of August 15 fell by 63.8% from the same period of 2016, which the National Financial Supervisory Commission (NFSC) attributed to improved revenues from oil and export activities. Official data showed that the government revenues reached almost VND707 trillion (US$ 31.1 billion), up 17%, while spending was estimated at VND747 […]

Engineer recalls bitter story of pioneering Vietnamese carmaker

As hope that Vietnam would finally produce cars domestically was renewed after construction of a new car factory began last week, one of the first local engineers who attempted to realize the dream has recalled how he failed as a pioneer. Now past his 70s, Bui Ngoc Huyen currently lives in his shutdown car factory […]

Ho Chi Minh City’s economy on steady growth track

Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5. Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said the total retail value […]

Hanoi enjoys steady growth in all key sectors

Hanoi’s economy has expanded since the beginning of this year with steady growth recorded in all key sectors of industry, trade, tourism and services and agriculture, reported the municipal People’s Committee. The city’s industrial production index grew 6.5 per cent in the first eight months of 2017, of which the mining industry rose 7.1 per […]

Savills: Opportunities in underground urban planning

The construction and development of underground urban areas is an indispensable trend in modern urban development, according to Savills Vietnam. In the case of Ho Chi Minh City, the consultancy firm emphasizes the potential for real estate segments to be formed in underground areas. Planning vision According to Savills’ Research Department, the world’s first-ever underground […]

Over 12,400 new firms set up in Vietnam during August 2017

As many as 12,404 new enterprises were set up in August with total capital of VND131 trillion (US$5.76 billion), up 6.2% in volume and 39% in value, reported the General Statistics Office (GSO). In the first eight months of this year, 85,357 firms were established with combined capital of VND822 trillion (US$36.16 billion), up 16% […]

ROK poised to increase market share in Vietnam drug market

The Vietnam government issued new a new law effective July 1, 2017 that dramatically alters foreign sector involvement in activities of the pharmaceutical segment of the country’s economy. At recent conference in Ho Chi Minh City, Ministry of Health officials discussed key aspects of the law, noting its implications for the domestic pharma segment and […]

The three biggest risks in doing business in Vietnam

Injecting money in non-core business fields, experimenting in real estate projects, and having a bad financial foundation are the three most significant risks facing the business environment in Vietnam, according to Le Xuan Nghia, a respected economist, and six other businessmen who declined to be named. vietnam economy, business news, vn news, vietnamnet bridge, english […]

Hanoi, HCM City copy Dong Thap’s ‘businessmen café model

On August 24, a new ‘Businessmen’s Café’ opened in the northern province of Quang Ninh. Such special cafes have opened in many cities and provinces throughout the country, acting as a rendezvous point for local authorities and business people. In Dong Thap province, at a corner of the provincial People’s Committee office’s campus, some stone […]

Vietnam PM launches construction for Vingroup’s automobile manufacturing complex

Prime Minister Nguyen Xuan Phuc made an order to launch construction of VINFAST – an automobile manufacturing complex invested by Vietnam’s largest real-estate company Vingroup, in the northern port city of Hai Phong on September 2. Speaking at the ceremony, PM Phuc said that this is one of many significant events to celebrate on the […]