After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.
Prime Minister Nguyen Xuan Phuc chaired the year’s final regular cabinet meeting in Hanoi on December 31, focusing discussions on the institution and law building work.
Economic development must go together with environmental protection and social development to ensure sustainable growth and prosperity, said Prime Minister Nguyen Xuan Phuc.
The Ministry of Planning and Investment (MPI) has submitted to the Prime Minister plans for the establishment of Vinpearl Air, with investment capital of 4.7 trillion VND (202.6 million USD).
One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
The Hanoi People’s Court on December 28 handed out jail sentences to 14 defendants in relation to the case of MobiFone’s purchase of 95 percent of shares of the Audio Visual Global JSC (AVG).
The central province of Thua Thien-Hue is expected to become a centrally-run city with the values of its culture, heritage, natural landscape and people key factors.
The northern mountainous province of Lao Cai now has quite favorable infrastructure to become a "bridge" on the Kunming (China)-Lao Cai-Hanoi-Hai Phong-Quang Ninh Economic Corridor.
The Ho Chi Minh City People’s Committee released its approvals of nine investment projects, including a foreign direct investment (FDI) project and eight domestic ones, into the Saigon Hi-tech Park (SHTP) with a total value of 777.29 million USD.
The northern province of Vinh Phuc plans to invest 190 billion VND (8.2 million USD) in upgrading old bridges and building new ones crossing 34 canals.
Hanoi attracted the most foreign direct investment (FDI) in Vietnam during the first 11 months of this year with 7 billion USD, accounting for nearly a quarter of the total, according to the Hanoi Department of Planning and Investment.
Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.
The PetroVietnam has fulfilled key business targets for 2019 in terms of oil and gas production, total revenue, after-tax profit and State budget contribution before the year-end.
A consistent legal framework related to tax deductions, land allocations and credit programmes is needed to support small- and medium-sized enterprises (SMEs), experts have urged.
In eleven months of 2019, total newly registered and additional capital and share purchase by foreign investors reached 31.8 billion USD, up 3.1 percent compared to the same period last year.
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