During the first quarter of 2012, Vietnam’s economy turned from inflation worries to fears of a serious activity slowdown, as evidenced by poor industrial/construction index figures.
Vietnam Airlines has asked for 64 more aircraft than it originally requested in its development plan last year, more than doubling its fleet over the next eight years.
The General Department of Customs warned that foreign invested enterprises have been making the corrupt use of the loopholes in the laws to refuse to pay tax debts and run away.
US businesses have voiced their support for negotiations of the Trans-Pacific Partnership (TPP) agreement between the US and Vietnam and other partners.
Vietnam is striving to achieve a balance of trade by 2020 and a total import-export turnover three times higher than in 2010, with an average per capita income of over $2,000.
Chiem Hoa hydropower station will soon become operational with its first turbine going into operation later this month, after nearly three years of construction, announced the project’s management board.
With demand for steel and cement still in a steep decline, manufacturers, distributors and dealers of these two commodities are struggling to survive due to huge unsold inventories.