Business

WB ups Vietnam’s growth forecast to 6 percent in 2015

The Vietnamese economy is set to grow by 6 percent this year, according to the East Asia and Pacific Economic Update released on April 13 by the World Bank.

The rate is 0.5 percent higher than the bank's projection last October.

After some turbulence in mid-2014, Vietnam's economic performance rebounded and year-end growth exceeded expectations.

Business

Vietnam's car industry roadmap hailed

The Ministry of Industry and Trade (MoIT) has submitted its latest draft on automobile industry development planning to 2020 with a vision towards 2030 to the Government. Its Institute for Industrial Policies and Strategies head Duong Dinh Giam brings light to fresh changes in the draft intended to spur the sector’s development. Report by the Vietnam Investment Review.
Business

Rallying markets surprise analysts

Shares rose on both of the nation's stock exchanges on Sept. 7, with the Hanoi bourse recording particularly strong gains. The HNX-Index rose by over 4 percent to close at 76.75 points.