Economy and commerce

According to a new governmental decree, rice-exporting businesses will no longer be required to own rice storage, paddy milling and grinding facilities with processing capacities of 5,000 tonnes of rice and 10 tonnes of paddy per hour, respectively.The change comes thanks to a new Decree ...

The Government has issued a resolution assigning major tasks for ministries and local authorities and asking them to identify solutions to obstacles relating to policies and investment schemes in the construction sector.The resolution, issued on August 25, sets as the first task the completion of ...

At “Vietnam merger and acquisition (M&A) forum 2018”, Deputy Prime Minister Vuong Dinh Hue said that in restructuring of the country’s banking industry, the Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to acquire domestic banks.Besides ...

The TFA will create a driving force to boost global trade and bring common benefits to WTO member states, especially developing ones.  Adding that entry to the agreement will help step up the reform, simplification, and improvement of transparency in customs procedures; assist small- and ...

Vietnam should consider the unhealthy implications of the large role that FDI plays in the national economy, economists say.Keep reading ...

Vietnam, the Philippines and Indonesia risk incurring serious damage from the spiralling trade war between the United States and China, with Hanoi the most exposed because of its high level of exports, according to analysis by FT Confidential Research.Keep reading ...

Due to limited domestic supply, Vietnam has become increasingly dependent on energy imports, putting national energy security at risk, Nguyen Van Thanh, deputy head of the Electricity and Renewable Energy Department under the Ministry of Industry and Trade, said. Keep reading ...

The General Department of Việt Nam Customs (CGD) will study and submit to the Ministry of Finance a proposal to the Government to restrict imports of scrap materials and move towards a ban on scrap imports to Việt Nam.Keep reading ...

Vietnam’s economy has the highest ratio of exports against the gross domestic product (GDP) in the world. The ratio soared from 22% in 2005 to 203% in 2017 while the average ratio in the world is 28% and in China 19.6%.Keep reading ...

Prime Minister Nguyen Xuan Phuc, at a regular Government meeting on July 25, announced that the Government will no longer issue new licenses for waste imports amid backlogs of imported scrap at ports, according to the Government news website.Keep reading ...