Business

Experts said that it would be difficult for Vietnam to reach the CPI target of 4% in 2017 set by the National Assembly when the country still faces many macro-economic challenges.

Thua Thien-Hue Province People's Committee has announced it will invest over VND40bn (USD1.7m) in the rattan craft.

Vietsovpetro - an oil and gas exploration joint venture between Vietnam and Russia - exploited 5 million tonnes of crude oil in 2016, generating yearly revenue of more than $1.7 billion, a decline of 28 per cent compared to 2015.

HCM City hopes to incorporate 50,000 new companies in 2017 so that there are 500,000 operational ones by 2020, the chairman of the city People’s Committee, Nguyen Thanh Phong, has said.

The General Department of Vietnam Customs decided to take Euro Auto Corporation, the authorised distributor of BMW and Mini automobiles and BMW motors, to the court after discovering signs of smuggling and trade fraud, according to newswire Vnexpress.

PM Nguyen Xuan Phuc attended a ground-breaking ceremony for the Minh Tam Cement Plant in Binh Phuoc Province on January 2.

Việt Nam’s index of industrial production (IIP) rose by 7.5 per cent this year, much lower than the 9.8 per cent growth seen in 2015.

Vietnam’s agriculture sector targets growth of 2.5 to 2.8 per cent next year, production value growth of 3 to 3.2 per cent, and total export turnover of $32.5 billion.

From January 1, Hai Phong will start collecting fees for using infrastructure, service facilities and public utilities from shipments at all ports in the city.

As the country marks the end to another tumultuous year for the national economy, that has seen significant challenges to globalization and integration, there has been a lot of reflecting about the past and future.

The State Bank of Vietnam has reaffirmed its determination to pursue a proactive and flexible monetary policy in 2017.

The General Statistics Office has proposed six measures for managing prices in order to curb inflation in 2017 in line with the National Assembly’s goal of the CPI being 4 per cent.

Deputy Prime Minister Trinh Dinh Dung has asked for completion of the general planning for Tan Son Nhat International Airport expansion project.

Vietnam shipped around 1.79 million tonnes of coffee abroad in 2016, raking in revenue of US$3.36 billion, up 33.6% in the volume and 25.6% in value compared to the previous year, according to the Ministry of Agriculture and Rural Development.

The CPI increased 0.23 per cent in December compared to November and 4.74 per cent year-on-year, according to the General Statistics Office.

The irresponsibility of Chinese contractors caused the long delay in the construction of the multimillion-dollar Thuong Kon Tum Hydropower Plant, located in the Central Highlands province of Kon Tum.

Vietnam’s per capita GDP reached an estimated USD2,215, up USD106 compared with 2015, according to the General Statistics Office.

Farmers in the Central Highland province of Gia Lai are destroying their coffee plantations to grow sacha inchi plants believing they will gain better returns.

The State Bank of Vietnam has ceased issuing treasury bills and begun pumping capital totaling VND22 trillion ($966.46 million) into the market via open market operations in the last three weeks.