PM hopes for Vingroup’s contributions to domestic auto industry

PM hopes for Vingroup’s contributions to domestic auto industry

NDO/VNA – Prime Minister Nguyen Xuan Phuc expressed his hope that Vingroup conglomerate will contribute to the development of the domestic automobile sector with the establishment of its VinFast automobile and electric motorbike manufacturing complex. (May 13, 2018)

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Legal framework needed to boost startup development

  May 11, 2018
NDO – Startups require support from capital sources and in gaining access to markets in order to boost their rapid growth, however, a favourable legal framework for startup activities, and to attract investors and investment funds to Vietnam, remains absent. 

Vietnam’s government revenues up 12% in first four months

  May 11, 2018
NDO - Government revenues in the first four months of 2018 were estimated at VND446.4 trillion (US$19.6 billion), up 12% over the same period last year, the Ministry of Finance (MOF) has reported. 

Owner's equity to occupy 10-20% of total investment in PPP projects

  May 11, 2018
NDO - The Government has issued Decree No.63 stipulating the areas, conditions, and procedures for investments in PPP (public-private partnership) projects including regulations on the owner's equity of investors participating in PPP projects. 

Vietnam's SOE equitisation faces strong headwinds

  May 11, 2018
NDO - The equitisation of state-owned enterprises (SOE) has seen notable results recently, with many companies growing stronger, but the process remains plagued with numerous problems meaning it has failed to meet expectations and has fallen behind schedule. 

SCIC to sell stakes in 121 firms for after-tax profit

  May 10, 2018
NDO/VNA – The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of VND5.4 trillion (US$237.8 million), a 17% year-on-year decrease. 

Vietnam, Cambodia promote border trade

  May 10, 2018
NDO/VNA – Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Cambodian Minister of Commerce Pan Sorasak have discussed ways to speed up the construction of Da market – the first model border one between the two countries – scheduled to be completed at the end of 2018.  

Ensuring the goal of sustainable export growth

  May 10, 2018
NDO - 2017 was a particularly successful year for exports when the revenue reached US$214 billion, up 21.2% compared to 2016, and exceeding the target set by the National Assembly and the Government.  

Nearly VND3.5 trillion raised from government bond auction

  May 10, 2018
NDO - The State Treasury raised VND3.474 trillion (approximately US$153 million) from an auction of government bonds on May 9, the Hanoi Stock Exchange has announced.  

Huge potential for boosting Vietnamese textile and garment exports to Australia

  May 09, 2018
NDO – Vietnam has become an important supplier in terms of textiles and garments to the Australian market, with increasing growth in both value and supplier ratings, heard a workshop in Hanoi on May 9. 

Da Nang launches city's electronic trading platform

  May 09, 2018
NDO - The Da Nang Department of Industry and Trade launched an electronic trading platform at the address danangtrade.com.vn on May 9, in a bid to provide local enterprises with a solution to promote and sell their products. 

Vietnamese economy projected to grow 6.83% in 2018: think tank

  May 09, 2018
NDO - Vietnam’s economic growth in 2018 could exceed the National Assembly’s target and reach 6.83%, according to a forecast released by the Vietnam Institute for Economic and Policy Research (VEPR). 

Vietnam aims for US$10.5 billion in cashew nut exports

  May 09, 2018
NDO – Vietnam will make great efforts towards increasing the export value of the intensively processed cashew nut products and byproducts (cashew nut shell liquid) by US$7 billion by 2030, while bringing the total export revenues of cashew nuts to US$10.5 billion. 

Vietnam, Australia hold second policy dialogue on agriculture

  May 09, 2018
NDO/VNA – Vietnam’s Ministry of Agriculture and Rural Development and Australia’s Department of Agriculture and Water Resources signed off on two agreements at the second high-level agricultural policy dialogue in Canberra on May 8.  

Nghi Son refinery rolls out third commercial product

  May 09, 2018
NDO/VNA – Nghi Son Refinery and Petrochemicals LLC (NSRP) in the central province of Thanh Hoa introduced the first batch of petrol A95 on May 8, the third commercial product produced by the plant, following gasoline RON 92 and Benzen.