NDO - Vietnam enjoyed a trade surplus of US$2.32 billion last year, according to the General Department of Customs (GDC), slightly lower than the initial estimate of US$2.68 billion made by the General Statistics Office. (4 hours ago)
NDO - While Vietnamese goods find it hard to penetrate the ASEAN market, other countries in the AEC have quickly managed to take advantage of tax cuts to boost their exports to Vietnam. The defeat of domestic enterprises’ on home soil is no longer simply just a warning but a wake-up call.
NDO - Total retail sales in Vietnam were estimated to hit VND 2,670 trillion (roughly US$118 billion) in 2016, up 10.2% compared to the previous year, the General Statistics Office (GSO) has announced.
NDO - In late 2015 Vietnam officially joined the ASEAN Economic Community (AEC), a region of over 600 million people and GDP of nearly US$3,000 billion. A huge market full of potential was anticipated but after one year, such expectations have yet to materialise.
NDO/VNA - The State Bank of Vietnam (SBV) will keep a close watch on the developments of both domestic and global economies to work out measures to ensure stable exchange rate management in 2017, according to a central bank official.
NDO - A recent Party resolution has affirmed the necessity of building a specialised agency to function as the owner of State capital and assets in enterprises so that such responsibility could soon be abdicated from line ministries and local governments.
NDO - Vietnam’s stock market capitalisation ratio, including bonds and stocks, to gross domestic product, was 74% in 2016, up 35 percentage points from a year earlier, according to Finance Minister Dinh Tien Dung.
NDO/VNA – The US once again topped the list of 200 countries and territories importing Vietnamese goods in 2016, with a total import value of over US$34.8 billion, according to the Government’s portal.
NDO - Building a government of integrity for the sake of the people and enterprises is a message constantly reiterated by Prime Minister Nguyen Xuan Phuc. The change in state management mindset must be conveyed to civil servants at all levels, which is the quickest way to turn commitment into action.
NDO – Ahead of the New Year 2017, international experts have evaluated that Vietnam is a "bright spot" in the region and is increasingly becoming a "magnet" to attract private investment, especially in the field of production and consumption.