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Local reform must be hastened businesses
The Government of Việt Nam has made accelerated efforts to improve the business climate but more drastic measures must be taken at local levels...

Việt Nam’s coffee price highest in six years
Coffee prices in Việt Nam have reached the highest level in six years owing to the shortage of export-qualified beans after the harvest was hit by rains.

Wood glue quality to be more tightly controlled
Việt Nam will soon issue quality and technical regulations for wood glues to better control this input material for the wood processing industry...

Ministry denies rice licence costs $20,000
The Ministry of Industry and Trade has denied reports that a rice company had to pay US$20,000 for a rice export licence.

Steel prices set for slight rise
Steel prices will remain stable on the domestic market this month but are expected to increase slightly soon, according to the Ministry of Industry and Trade.

Vietnamese economy on a \'slow slippery slope\'
“The country’s economy now looks like a train running on an inclined plane at a slow speed”, an economist from the National Economic University (NEU) has said...

Development fund offers financial aid to SMEs
The Small- and Medium-sized Enterprise (SME) Development Fund of the Ministry of Industry and Trade has launched financial aid packages for 2017...

Japanese firm wants to join Vietnam’s tea industry
Japan’s Sasaki Seicha company has surveyed Vietnam’s tea industry for a year and realised that this is a market not to be missed...

Bright prospects for steel firms despite challenges
Việt Nam’s listed steel companies can achieve higher growth in 2017 despite a volatile and predictable international market if they optimise operations...

Industrial growth slow, labour productivity low Party official
Việt Nam’s industry is developing too slowly and is still reliant on many foreign-invested enterprises, says Nguyễn Văn Bình...

Production improves, trade unbalanced MoIT
Production and business results improved in the first two months of this year, but trade was unbalanced with strong growth in auto and mobile phone imports...

Agriculture minister explains new regulations to US firms
Minister of Agriculture and Rural Development Nguyễn Xuân Cường explained several new regulations regarding agriculture during a working session with Michael Michalak...

SCG spends $156 million to buy cement company
Thailand’s Siam Cement Group (SCG) has spent US$156 million to buy a Kusto Group’s cement company in Quảng Bình Province.

MoIT targets bigger GDP role for logistics sector
The Ministry of Industry and Trade (MoIT) aims to make the logistics sector increase its national GDP contribution from the current 2-3 per cent to 8-10 per cent by 2025.

Huge trade potential in Australia
The opportunities for Việt Nam to tap the Australian market are huge if businesses create competitive products up to international standards, experts have said.

Vietnam pepper faces difficult year
2017 is forecast to be a difficult year for Vietnam’s pepper, which has seen falling prices since the end of 2016, according to the Ministry of Agriculture and Rural Development (MARD).

Over 345 million USD in FDI poured into property sector
Foreign direct investment flows into Vietnam’s real estate sector hit 345.5 million USD in February, accounting for 10.1 percent in total FDI...

Gasoline prices slightly drop
The domestic retail price of RON 92 petrol and E5 bio-fuel dropped by 76 VND and 58 VND per litre, respectively, from 15:00 on March 6...

Firms want hotline to Gov’t leaders
Businesses agree that Government Resolution 35 on supporting and developing enterprises augurs change, but are adopting a wait-and-see attitude toward its implementation.

Cashless economy target too high experts
The Prime Minister recently ratified a project to stimulate non-cash transactions in 2016-20 with a view to reducing the cash transactions rate to under 10 per cent.

Retail sales, services drop after Tết
The country’s total retail sales and services revenue this February crossed VNĐ309.3 trillion (US$13 billion), data from the General Statistics Office (GSO) has revealed.

VN industrial production lagging
The national index of industrial production (IIP) surged by 2.4 per cent year-on-year in the first two months of this year, much lower than the 6.8 per cent...

Wood product exporters ready to expand global market share
The export of wood and wood products is expected to fetch US$8 billion this year, up from $7.3 billion last year.

Deputy PM wants more international integration
Deputy Prime Minister Vương Đình Huệ has asked the Inter-Sectoral Steering Committee for Economic Integration to improve studies and forecasts...

New lending regulations worry small firms
Small-sized enterprises are concerned that they would have to borrow from credit institutions at higher rates when a new lending regulation takes effect next month.

Double taxation avoidance pact with US approved
Việt Nam has issued a resolution to approve an agreement with the US to avoid double taxation and prevent fiscal evasion with respect to taxes on income.

Slight rise in February CPI
The consumer price index (CPI) for February rose 0.23 per cent compared to January, according to the General Statistics Office (GSO).

Samsung’s 2.5b USD expansion approved
Samsung Display officially received an investment licence on February 24 for its 2.5 billion USD expansion project in Yen Phong Industrial Park, the northern province of Bac Ninh.

ANZ predicts robust VN growth
Vietnam is likely to have something to crow about during the Year of the Rooster as several factors will facilitate socio-economic growth, ANZ Vietnam said on February 24.

Vegetable, fruit exports to struggle
The domestic vegetable and fruit industry will face obstacles in maintaining sustainable growth in export value at the current high level...

Rice exporters rail against storage minimum
Delegates attending a seminar in HCM City on Wednesday urged the Government to amend or revoke a decree on rice exports which they said impedes exports of the grain.

Tax code bogs down VN cement exporters
Local cement producers worry that their exported products could struggle to compete with foreign firms in term of price...

India in talks to buy part of VN tungsten mine
India’s state-owned mining enterprise, National Mineral Development Corporation (NMDC), is in talks with Masan Resources to buy a partial stake...

VN refinery predicts profit dip
Dung Quất Refinery in Quảng Ngãi province is aiming to decrease its turnover by 17 per cent this year, a 2017 target of VNĐ62.4 trillion (US$2.77 billion).

Petrol prices increase first time in 2017
The ministries of industry and trade and finance have raised retail petrol prices for the first time in 2017.

Logistics expected to make up 8-10 percent of Vietnam’s GDP by 2025
Vietnam’s logistics sector is expected to make up 8–10 percent of the country’s gross domestic product (GDP) by 2025.

Japanese firms show optimism in Việt Nam
A survey report by Japan Bank for International Cooperation (JBIC) has revealed that Việt Nam ranks among the top five countries...

Steel production, consumption down in January
Both domestic steel production and sales fell in January due to low demand on the occasion of the seven-day lunar New Year holiday (Tết).

Tra Vinh spends nearly 55 billion VND to support SMEs
The Mekong Delta province of Tra Vinh will spend 55 billion VND (2.42 million USD), of which 51 billion VND (2.24 million USD) is funded by the Canadian Government...

Vietnamese tuna loses competitive edge in Japan due to high taxes
Vietnamese tuna exporters have struggled to compete with Thai and Philippine firms in the Japanese market due to high taxes...

China remains Vietnam’s biggest trade partner
China remained Vietnam’s biggest trade partner in the first month of 2017, followed by the Republic of Korea (RoK) and the US, according to the General Department of Customs.

Draft decree on State monopoly in trade submitted to Government
The Ministry of Industry and Trade has submitted to the Government a draft decree declaring a State trade monopoly in 16 goods and services.

Garment exports to US, Japan hit 15 billion USD in 2016
The US and Japan imported 15 billion USD worth of garment and textile products from Vietnam in 2016, according to the Vietnam Textile and Apparel Association (Vitas).

PM heaps praise on Samsung in Bắc Ninh
Prime Minister Nguyễn Xuân Phúc said yesterday that he appreciates the Samsung Group setting up a mobile research and development centre...

Thai rice worries VN exporters
Thailand’s plan to sell all its rice reserves of about eight million tonnes this year has sparked concerns that this move will undermine Việt Nam’s rice exports.

Environmental protection tax hike hurts firms
The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness...

Local firms urged to dive into global value chain
Domestic firms should make great efforts in the competition with foreign invested firms to contribute more actively to the global value chain...

Vietnam imports more cars as tariff reduced
As tariff decreases, Vietnam is importing more cars.

Thailand invests $7.7 billion in Viet Nam
According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Thailand has invested US$7.7 billion in 440 projects in Viet Nam...

Supply industry needs to tap the global chain
Technological and financial limitations are major development constraints for the local supply industry, Bùi Quang Chuyện...

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