Economy and commerce

Major Vietnam shipping terminals will temporarily stop accepting imports of scrap plastic, citing an overload of the material that has caused backups and delays. The move is a significant development for the global recycled plastics industry, because Vietnam has accepted much more material since China ...

As the leading economic sector in Vietnam’s economy, foreign invested enterprises (FIEs) make only modest contributions to the state budget.Keep reading ...

Vietnam needs more preferential policies to attract foreign investors in the environment as the country’s demand for investment in the field is huge, but the capacity of domestic businesses remains limited, heard a seminar in Ho Chi Minh City on May 9.Keep reading ...

State Bank of Viet Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.Keep reading ...

The Mekong Delta has consistently recorded the highest average provincial competitiveness index (PCI) among six regions nationwide since 2014, said the Vietnam Chamber of Commerce and Industry (VCCI). Among 10 cities and provinces across the country showing the best governance, five are in the Mekong Delta, ...

Vietnam needs to search for new markets, align production with market demands and tighten quality control amidst the rise of protectionism to stay competitive, said Prime Minister Nguyen Xuan Phuc.Keep reading ...

Samsung Electronics Co. is determined to further expand production in Vietnam, co-CEO Koh Dong-jin told Vietnamese Prime Minister Nguyen Xuan Phuc on Friday.Keep reading ...

Green growth is an effective sustainable development solution for businesses to counter the effects of climate change, said experts at a conference held in HCM City on Thursday.Keep reading   ...

Following a bumper season in 2017, import/exports continued to increase sharply in the first three months of 2018. Within one quarter, the import and export turnover exceeded $100 billion ($54.3 billion worth of exports and $53 billion imports).Keep reading ...

Vietnam has very good achievements in foreign direct investment attraction, however, it needs to change its strategy and orientation to focus on the necessary sectors to improve efficiency.Keep reading ...