Economy and commerce

Vietnam’s economic growth quality has seen significant improvements recently, eliciting great praise from international organisations. Prime Minister Nguyen Xuan Phuc told the National Assembly that, “Vietnam’s growth quality has seen big improvements, maintaining a good growth rate for a long time, with the annual 6.07 per ...

The Ministry of Industry and Trade (MoIT) recently cut 675 business and investment procedures, equivalent to 55.5 per cent of total business conditions.Keep reading ...

On November 20, National Assembly (NA) officially passed the amended Law on Credit Institutions (CI), which will be effective from January 15, 2018.[] A noteworthy addition, the option of bankruptcy for CIs has never before been pushed through the NA, marking a new chapter for ...

From a low starting point, Vietnam’s infrastructure system has been improved significantly. However, quality is still a persistent issue, causing a bottleneck limiting economic development, making it necessary to focus FDI capital in this sector.Keep reading ...

Experts are urging the Vietnamese government to shift its focus on improving the quality of foreign investment in the context of recent forecast by international institutions on the upward trend of the foreign capital inflows into the country. Vietnam needs foreign capital, but high and ...

Vietnam is expected to start building a law on public-private partnership (PPP) investment in 2018 to pave the way for future foreign investment inflows.Keep reading ...

Total import-export turnover between Viet Nam and APEC member economies reached US$265.3 billion in the first 10 months of this year, a year-on-year increase of 17.4 per cent. Exports reached $120.48 billion and imports reached $144.83 billion, up 23.9 per cent and 22 per cent, respectively, ...

The Government Office has asked the Ministry of Agriculture and Rural Development to consider recent reports that local sugar industry could be hit hard by  commitments of the ASEAN Trade in Goods Agreement (ATIGA) which is set to take effect in early 2018. Statistics from ...

Vietnamese lawmakers have approved a 7 percent pay rise for workers in the public sector, an area critics say is prone to corruption due to low official salaries. The basic wage in the sector will be raised to VND1.39 million ($61.20) a month from July ...

Vietnam will never tolerate or permit activities related to illegal, unreported and unregulated (IUU) fishing, Deputy Minister of Agriculture and Rural Development (MARD) Vu Van Tam has said.Keep reading  ...