Vietnamplus

Addressing the Bloomberg ASEAN Business Summit 2016 in Hanoi on Dec. 8, Prime Minister Nguyen Xuan Phuc affirmed the ASEAN Business Community is the momentum for the economic linkage within the bloc.

Economic and trade partnerships remain a focus of and a momentum for Vietnam-US relations, National Assembly (NA) Vice Chairman Phung Quoc Hien told representatives of the US-ASEAN Business Council.

The total revenue from retail trade and services hit 89.6 billion USD during the first seven months of this year, up 9.4 percent year-on-year, according to the General Statistics Office (GSO).

Despite a gloom in the Purchasing Managers’ Index (PMI) in the region, Vietnam’s PMI continued to expand, reaching a ten-month high of 52.7 in May from 52.3 in the previous month.

PM Nguyen Xuan Phuc will chair a conference with businesses nationwide on April 29, expected to spread his message that enterprises serve as a momentum for national economic development.

Measures to accelerate the second phase of a plan on public healthcare in the Central Highlands region were the focus of a conference held in the Central Highlands province of Dak Lak on March 18.

President Truong Tan Sang’s freshly concluded tour of Tanzania, Mozambique and Iran is expected to create a new impulse to step up economic and trade ties between Vietnam and these countries.

The Government will take measures to create momentum for economic development right in the first months of this year, particularly in the context of dropping oil prices, said an official.

The Cambodian carrier, Angkor Air is experiencing stellar growth with total revenue gained in 2015 standing at 100 million USD.

The rice market is expected to continue gaining ground in export, as the Philippines plans to import a million tonnes in early 2016.

Aside from garments, aquaculture and agriculture, the property-related sectors like industrial parks and logistics will enjoy the positive effects of the Trans-Pacific Partnership agreement.

Politburo member Le Hong Anh has highlighted the need to roll out incentives for collective economic organisations and cooperatives to consolidate their operations.

The southern province of Dong Nai posted nearly 800 million USD generated through outbound shipments to the ASEAN market within the past eight months.

The garment and textiles sector in Cambodia exported approximately 1.71 billion USD worth of commodities in the first quarter, an annual increase of 11 percent.