Economy and commerce

Vietnam had a bumper year in attracting FDI (foreign direct investment) in 2017. The three coal-fired thermal power projects registered by Japanese investors had total capital of $7 billion. The projects – Van Phong I, Nghi Son II and Nam Dinh I – accounted for 40 ...

A tax overhaul passed by the U.S. Congress by the end of last year may affect Vietnam’s economy as American investors are likely to send their investment back home, where the income tax rate has been significantly slashed, Vietnamese economic experts have warned.Keep reading ...

Vietnamese authorities have started developing specific guidelines for selecting investors to develop renewable energy projects under their management, weeding out weak investors and out-of-date technology.Keep reading  ...

Vietnam has become an ideal location to start a business, not only for young Vietnamese people returning from overseas but also for expatriates, thanks to the country’s strong economic growth in recent years.Keep reading  ...

Vietnam’s shadow economy accounts for 25-30 percent of the country’s gross domestic product (GDP) and provides jobs for approximately 57 percent of its workforce, according to a recent study by Fulbright University Vietnam.Keep reading ...

Climate change threatens Vietnam’s economic transformation. Quick action could prevent the worst of the damage.Keep reading ...

The Vietnamese government has approved the construction of multiple expressways and various other traffic infrastructure projects in the Mekong Delta in a bid to boost local development.Keep reading ...

The public investment restructuring scheme in 2017-20 will focus on core sectors of the economy and major projects that give impetus to socio-economic development and promote public and foreign investments under public-private partnership (PPP) practice.Keep reading ...

In a bid to create a more business-friendly climate and attract more investment, the Vietnamese government will continue truncating thousands of business and investment procedures, which have been undermining investors’ and enterprises’ performance.Keep reading ...

Incentives are needed to encourage small- and medium–sized enterprises (SMEs) to join green growth projects, said Hoang Thi Hong, Director of the SME Development Fund (SMEDF) under the Ministry of Planning and Investment.Keep reading ...