Vietnamplus

A collection of 47 made-in-Vietnam natural cosmetics with the brand of Nature Queen were rolled out in London, the United Kingdom, on January 22.

The Investigation Police Agency under the Ministry of Public Security (C03) on January 21 launched legal proceedings against four more people for allegedly involving in the case of Nhat Cuong Mobile company.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of over 12.83 trillion VND (554.7 million USD) and revenue of 21.1 trillion VND (910.38 million USD), marking increases of 31.5 percent and 24.7 percent year on year, respectively.

Prime Minister Nguyen Xuan Phuc urged better coordination between the Commission for the Management of State Capital at Enterprises (CMSC) and ministries, sectors and corporations at a review conference of the CMSC on January 16.

Market surveillance units last year cracked a number of major counterfeit rings countrywide as the fight against trade frauds took place on a scale never seen before, Deputy Prime Minister Truong Hoa Binh said.

The Indonesian government plans to release dual-currency bonds with a total amount of 3.1 billion USD for deficit financing this year, said the Ministry of Finance.

The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.

The plastics industry produced 8.89 million tonnes of products in 2019, up 7.2 percent from the previous year, and earned 17.58 billion USD in total revenues, it was reported at a conference held by the Vietnam Plastics Association on January 3.

The 2019 National Tourism Year themed “Colour of the Sea” has ended with flying colours, as seen in the record number of international visitors and various prizes won by the country’s tourism sector.

HCM City will prioritise investment in road infrastructure if it receives permission to raise the budget revenue-retention ratio, according to the municipal Party Committee Secretary Nguyen Thien Nhan.

The PetroVietnam Exploration Production Corporation (PVEP) has completed its yearly plan to exploit 4.33 million tonnes of oil equivalent earlier than scheduled.

International economic integration has helped An Giang’s key exports such as agricultural and fishery products, as well as frozen vegetables and fruits occupied many major markets like the US, the EU.

The Mekong Delta province of Hau Giang has set the goal of attracting one million visitors, including 70,000 international tourists, by 2025.

The revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017 is in line with international practices and serves as a foundation for the country's development path in the next 10 years, an official has said.

The Indonesian government has expanded the budget deficit to 2.2 percent of the gross domestic products (GDP) followed the potential short fall on tax revenues around 200 trillion Rp (14.29 billion USD).

With a record trade surplus of 9.12 billion USD over the first 11 months and year-on-year export growth of 7.8 percent, experts believe that 2019 will be the fourth straight year Vietnam will post a trade surplus.

Festo, a German supplier of automation technology and technical education, plans to expand investment in Việt Nam to take advantage of the increasing foreign investment and production in the country.

Indonesia has targeted 50,000 foreign visits to Komodo Island and a revenue of at least 600 billion rupiah (42.5 million USD) a year.

Vietnam’s economy remains positive despite the slowdown in global economic growth, especially in Asia, over the last 11 months, Prime Minister Nguyen Xuan Phuc said while chairing the Government’s regular meeting for November on December 2.