Vietnam’s gross domestic product (GDP) in the first quarter of 2020 grew 3.82 percent, the lowest pace during the 2011-2020 period, head of the General Statistics Office Nguyen Bich Lam said at a press conference in Hanoi on March 27.
The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Tet (Lunar New Year) is an opportunity for both banks and finance companies.
Vietnam shipped abroad 586,000 tonnes of rice in September for 251 million USD, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and 2.24 billion USD, respectively.
Vietnam's information technology giant FPT Corporation reported revenue and pre-tax profit of over 17 trillion VND (732.5 million USD) and nearly 3 trillion VND (129.3 million USD) in the first eight months of this year, up 21 percent and 28 percent, respectively.
The Asian Development Bank (ADB) has forecast that Vietnam’s economy will maintain healthy growth in 2019 and 2020 at 6.8 percent and 6.7 percent, respectively.
With its beautiful landscape together with rich cultural value plus a favourable geographical location and convenient transport system, Hai Duong province aims to turn tourism into an economic spearhead by 2020.
The Lao Ministry of Health has advised people across the country to clear potential mosquito breeding sites as the current outbreak of dengue fever has claimed 27 lives and more than 11,000 people have contracted the virus so far this year.
The property market in the southern province of Binh Phuoc is expected to heat up because of industrial zone planning from now to 2030, according to experts.
Vietnam’s real estate market became the second most attractive investment field for foreign investors after it lured 1.1 billion USD in foreign direct investment (FDI) during January-April, or 7.5 percent of the total FDI inflow just behind the manufacturing and processing sector.
Hanoi recorded positive economic figures in the first quarter of 2019, making the capital city one of the top 10 localities with the best economic governance quality, according to Vice Chairman of the municipal People’s Committee Nguyen Van Suu.
The Vietnam Oil and Gas Group (PetroVietnam) and Malaysia’s Petroliam Nasional Berhad (Petronas) have signed a Head of Agreement (HOA) for the sale and purchase of additional gas to Ca Mau area.
The official friendship visit to Vietnam by Chairman of the Workers’ Party of Korea (WPK) and the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK) Kim Jong-un is expected to set a historic milestone in relations between the two countries.
The Singapore Tourism Board (STB) said on February 13 that foreign tourist arrivals in the country hit a three-year record in 2018, mostly propelled by its hosting of the first summit between US President Donald Trump and leader of the Democratic People’s Republic of Korea Kim Jong-un in June 2018.
The real estate market in coastal Binh Thuan province's Phan Thiet district is set to boom thanks to upcoming transport upgrades, according to experts.
In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries.
The southern province of Binh Duong has targeted a GRDP (Gross Regional Domestic Product) growth of 8.4 – 8.6 percent and per capita income of 140 million VND (more than 6,030 USD) this year.
To reach the targets for economic growth for the 2016 – 20 period, the southern province of Binh Duong will focus on eight major works this year to encourage new investment.
Vietnam and Hong Kong should promote investment, trade and service flows between the two sides to take advantage of a diversion of trade from China amid escalating tensions between the US and China, a banking official said.
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