Foreign-invested companies play a crucial part in the Vietnamese economy, but they haven’t transferred much in the way of technology, said Prime Minister Nguyen Xuan Phuc.
The north-eastern province of Quang Ninh has signed a contract to build the Van Don-Mong Cai Expressway at a total cost of over VND11 trillion (US$473 million) under a public-private partnership.
Google has announced the removal of 56 gambling applications from its Google Play store because the games were not compliant with Việt Nam’s established laws, according to Deputy Director of the Authority of Broadcasting and Electronic Information.
Vietnam could earn about 239 billion USD in export revenue in 2018, up 10 – 12 percent from last year, analysts said, thanks to the favourable domestic and international economic context.
Potential economic loss across Asia Pacific due to cybersecurity incidents can hit a staggering US$1.745 trillion, or over 7 per cent of the region’s total GDP, according to a new study titled “Understanding the Cybersecurity Threat Landscape in Asia
The total value of retail sales and consumer services was estimated at VND3,235 trillion (roughly US$138.2 billion) in the first nine months of 2018, a year-on-year increase of 11.3%, according to the General Statistics Office.
The Ministry of Industry and Trade proposed rescheduling the environmental protection tax rise on fuels to a more suitable time as concerns over inflation increase.
The average consumer price index (CPI) in the nine months of 2018 rose by 3.57 percent year on year, compared to the 4.14-percent growth in the same period last year, according to the General Statistics Office (GSO).
The Van Don International Airport in the northeastern province of Quang Ninh is in the final stages of construction as it is scheduled to open in December this year.
Vietnam’s economy continued to perform strongly in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next, a report by the ADB said.