Business

Backed by a strong end of year with 2016’s fourth quarter GDP growth of 6.8 per cent and a growth rate of 6.2 per cent for the whole year, the primary driver of Vietnam’s robust economic expansion is manufacturing,

The Ministry of Industry and Trade has set a goal to get 30% of Vietnamese people shopping online by 2020.

The State Audit Office of Vietnam has requested the investor of the Yen So Sewage Treatment Plant to return millions of US dollars after uncovering various violations.

The Vietnam Steel Corporation (VnSteel) aims to earn consolidated revenue of 18.8 trillion VND (835.5 million USD) in 2017, an increase of 800 billion VND from 2016.

The Government Office has announced an audit of major state-invested projects with funding of more than VND10 trillion (USD443.27 million).

Local economists forecast that the Vietnamese economy will face greater challenges in 2017 amidst global geopolitical changes and financial uncertainties.

Small-sized banks are making great efforts to grow to avoid being merged or acquired, however, it is not easy, according to the Dau tu chung khoan (Securities Investment) newspaper.

The Ministry of Agriculture and Rural Development has issued regulations to tighten the import of antibiotics to prevent misuse of the substances in breeding of sea animals.

Việt Nam’s trade value was estimated at US$29.3 billion in January, down 13 per cent from the previous month, according to the General Department of Customs.

Việt Nam expects to achieve US$3 billion as its total export value of vegetables and fruits this year, exceeding the vegetable and fruit industry’s target of $2.4 billion.

The wood processing industry faces a lot of difficulties in the future following the government’s order close natural forest gates from January 1.

The Northern Vietnam Power Projects Management Board (NPMB) said it will start work of 15 power projects in 2017 to ensure power supply stability and prevent overloaded power transmissions to Hanoi and industrial zones in the region.

Not only are they expanding networks by setting up new shops, home appliance chains are also trying to change their business models and increase online sales in an effort to get bigger market share.

Greece’s government debt remains highly unsustainable and will be "explosive" in the long run, requiring a more credible debt relief plan from Europe, the International Monetary Fund said in a report obtained by AFP.

The three telecommunication groups under direct management of the Information and Communications Ministry (MIC) will have to develop their equitisation plans in 2017, according to Minister Truong Minh Tuan.

The Vietnam International Travel Mart (VITM) 2017 will take place from April 6-9 at the International Exhibition Center in Hanoi, the Vietnam National Administration of Tourism (VNAT) announced on January 23.

Small-sized banks are making great efforts to grow and avoid being merged or acquired, however, it is not easy, according to the Đầu tư chứng khoán (Securities Investment) newspaper.

Vietnam exported 325,000 tonnes of rice worth 136 million USD in January, down 32 percent in volume and 35.1 percent in value compared to the same month in 2016.

The prime minister has agreed to start the VND60trn (VND2.7bn) steel project in Dung Quat Economic Zone in Quang Ngai Province which has been delayed for years, according to the Ministry of Industry and Trade.