Economy and commerce
Vietnam GDP per capita rises
Vietnam has seen a considerable increase in GDP per capita, but more efforts were needed to achieve the goal of USD3,200 by 2020.[]The country’s GDP per capita in 2018 would reach USD2,540; up USD155 compared to the figure of 2017 and USD325 against 2016. It ...
Dan Tri
10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks
Việt Nam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass.Keep reading ...
VNS Reporter
Vietnam to filter out FDI projects with national benefit
Vietnam will get selective with new FDI projects, rejecting those that don’t benefit the country, a senior official says. Minister of Planning and Investment Nguyen Chi Dung said even though FDI projects have made remarkable contributions to the Vietnamese economy, there were several drawbacks to ...
Nguyễn Hoài
Trade turns growth engine for globalizing Vietnam
Vietnam’s trade as a percentage of GDP topped 200 percent last year, highest for any country with over 50 million people. This data, compiled by the World Bank, shows that the country is reaping the benefits of an open economy at a time that protectionism ...
Dat Nguyen
U.S.-China trade war hurts Vietnam's rubber exports
The U.S. president’s decision on imposing tariffs on $189 billion worth of imports from China, including wood furniture and auto spare parts, will cause a lot of difficulties to Vietnam’s rubber sector, according to the Vietnam Rubber Association.Keep reading ...
KH.V
Ministry detects 158 illegal scrap importers
As many as 158 individuals and organisations have been found illegally importing scrap into Vietnam as they are not certified to carry out such activities. According to the Vietnam Environment Administration under the Ministry of Natural Resources and Environment (MoNRE), the individuals and organisations imported 4,514 ...
VNA Reporter
Fed’s interest rate hike could affect Vietnam’s budget balance
The likely move by the United States Federal Reserve System on further hiking the interest rate and the ongoing trade war between the United States and China could have an adverse impact on Vietnam’s State budget balance and public and national debts in the coming ...
SGT Reporter
Vietnam in search of new growth drivers
Vietnam is halfway through its economic restructuring plan for the 2016-2020 period, with such bright spots as macroeconomic stability, a recovery to high growth and improved growth quality.Keep reading ...
NDO Reporter
Over 3,800 business conditions expected to be cut and simplified
Ministries and sectors are planning to reduce and simplify over 3,800 business conditions of the more than 6,200 in total, equivalent to 61.3% and exceeding 11.3% compared to the requests made by the Government and the Prime Minister, according to the PM’s working group.The PM’s ...
Vietnam actively contributes to negotiations of regional economic pact
The 50th ASEAN Economic Ministers (AEM-50) Meeting and Related Meetings, which freshly concluded in Singapore on September 1 after four days of working, is an important event in the context of rising global trade protectionism and unilateralisaiton.Regarding Vietnam’s contributions, Minister of Industry and Trade Tran ...
