2018 has better beginning than 2017: Prime Minister

New Year 2018 had a better beginning than the same period in 2017, regarding some indicators, Prime Minister Nguyen Xuan Phuc has said at the Government meeting for January.
2018 has better beginning than 2017: Prime Minister ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the Government meeting for January on February 2 (Photo: VNA)

Hanoi (VNA) – New Year 2018 had a betterbeginning than the same period in 2017, regarding some indicators, PrimeMinister Nguyen Xuan Phuc has said at the Government meeting for January.

In January, the Purchasing Managers’ Index (PMI) of Vietnam grew by 53.4points, the biggest pace in ASEAN and even higher than that of the Republic ofKorea and China. Driving forces of GDP growth also increased, including theindex of industrial production increasing 20.9 percent, he noted at the meetingon February 2.

In the month, the number of foreign visitors toVietnam soared by 42 percent to more than 1.4 million. About 10,800 businesseswere set up, higher than the 9,000 new firms in the same period last year,while 4,500 companies resumed operations.

Foreign reserves approximated 57 billion USD. Meanwhile, relevant agencies alsopaid attention to cultural and social issues, particularly in disadvantaged anddisaster-hit areas, the Government leader added.

At the meeting, he told ministries, sectors andlocalities not to be complacent about the achievements in January and continuethe strong determination shown in the final months of 2017 right in the firstquarter of this year, citing the indefatigable spirit of U23 Vietnam, which performed a miracle reachingthe final at the Asian Football Confederation (AFC) U23 Championship in January2018.

Regarding the severe cold in the northern regionamid the Lunar New Year festival (Tet) nearing, he asked relevant agencies topay attention to people’s health and agricultural activities.

They have to ensure goods supply, social andtraffic safety, and fire prevention during Tet, the biggest traditionalfestival. Meanwhile, State agencies must be responsible for managing festivalsafter the holiday, which falls in mid-February.

PM Phuc noted a high growth rate, 0.51 percent,in the Consumer Price Index (CPI) in the reviewed month compared to the sameperiod of 2017, requesting closer coordination in rising electricity andeducation and healthcare service prices to keep CPI expansion of less than 4percent in 2018.

During the meeting, the Government is set to discuss several issues, includinga report on the socio-economic situation in January, the implementation of theGovernment’s Resolution 01 on key tasks and solutions steering the realisationof the socio-economic development and State budget plans for 2018, the law andordinance making programme, a draft resolution on setting up a committee formanagement of State capital at enterprises, and investment mechanisms andpolicies for the North-South Expressway. -VNA
VNA

See more

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.

Illustrative image (Photo: VNA)

Vietnam remains Singapore’s third-largest seafood supplier in 2025

Data released by the Accounting and Corporate Regulatory Authority of Singapore (ACRA) show that Singapore spent 125.5 million SGD (97.7 million USD) importing seafood from Vietnam last year, up 10.7% year on year, accounting for 10.3% of the city-state’s total seafood import market.

Workers assemble mobile phone components at Diem Thuy Industrial Park in the northern province of Thai Nguyen. (Photo: VNA)

Electronics exports surpass 107 billion USD in 2025

With an export turnover of 107.75 billion USD in 2025, computers, electronic products and components not only maintained their position as Vietnam’s largest export by value, but also contributed more than half of the overall increase in the country’s export turnover in 2025.

Experts said that Vietnam’s economic outlook continues to be underpinned by stable foreign direct investment inflows and public investment, which is playing an important role in driving growth. (Photo: thoibaotaichinh.vn)

Foreign investors maintain strong confidence in Vietnam’s market

Looking ahead to 2026, prospects remain bright as manufacturing, economic growth and foreign investment in Vietnam are expected to stay robust, with the country forecast to post the highest growth rate in the region this year, according to Adam Sitkoff, Executive Director of the American Chamber of Commerce (AmCham) in Vietnam.

Toy production at a Hong Kong-invested factory (Photo: VNA)

Vietnam targets deeper market penetration in Hong Kong in 2026

Vietnam-Hong Kong trade hit 62.3 billion USD in the first 11 months of 2025, soaring 73.1% annually. Vietnamese exports to Hong Kong amounted to 36.8 billion USD, a 90.6% hike, ranking fourth among Hong Kong’s import sources, while imports from Hong Kong stood at 25.5 billion USD, up 52.9% and ranking third.

Vietnam’s start-up market enters restructuring phase

Vietnam’s start-up market enters restructuring phase

In 2026, venture capital inflows into Vietnam’s start-up ecosystem are expected to recover gradually, though in a more selective manner. VinVentures forecasts that capital will focus on start-ups that have survived the rigorous screening of 2024–2025, possess clear business models, strong commercialisation capacity, and the ability to generate real cash flows.