Business News

[25-04-2016]The PM's upcoming meeting with businesses; the 4th negotiation round on trade deal among Viet Nam, Laos, and Cambodia; the  Foreign Ministry's conference promoting Asia-Europe partnership; and the attainment of a trade surplus of US$1.36 billion in Q1 are economic highlights from April 18-24.

[21-04-2016] Since early 2016, the southern province of Dong Nai attracted 33 foreign projects, including 15 projects in auxiliary industry and two ones in mechanics and garment, according to the Management Board of Dong Nai industrial zones.

[19-04-2016] Vietnam posted arecord low inflationrate of 0.63 percent in 2015, but that could rise to four or five percent this year, according to the Vietnam Quarterly Macroeconomic Monitor, Quarter 1 – 2016. Inflation had been pushed up by 1.69 percent as of the end of last month, driven by increments in education and healthcare prices, Dr. Nguyen Duc Thanh, VEPR director, said at the ceremonial release of the report in Hanoi on Tuesday.

[13-04-2016] The World Bank has revised down its 2016 growth forecast for Vietnam to 6.2% from the earlier projected 6.5%. Sandeep Mahajan, lead economist of the WB in Vietnam, said Vietnam’s projected growth would moderate to 6.2% due to slower private consumption and investment growth.

[11-04-2016] Economic outlook still bright despite growth slowdown, FDI attraction up 125.2% in Q1, exports to China up 10.38% and new wave of Japanese investment to arrive in Viet Nam are economic highlights from April 4-10.

[05-04-2016]The central province of Binh Dinh granted eight investment certificates and issued new business certificates to 167 enterprises with total registered capital of over VND3.16 trillion (US$137 million) in the first quarter of this year. Notable investment projects included the FLC hotel and shopping mall complex invested by Faros Construction JSC with a registered capital of over VND2 trillion (US$87 million) and a high-tech pig breeding farm worth VND300 billion (US13 million) in Phu Cat district.

[05-04-2016] As of March 20, 473 new Foreign Direct Investment (FDI) projects were granted with investment certificates with a total registered capital of US $2.74 billion, a year-on-year increase of 125.2%, according to the Foreign Investment Agency, under the Ministry of Planning and Investment. Meanwhile, 203 operating FDI projects were added US$1.285 billion, up 107%.

[28-03-2016] The Trans Pacific Partnership (TPP), which was concluded in early February, will bring opportunities to Vietnam's businesses, especially those in the textile, garment and footwear sectors, but also barriers that they need to navigate to benefit, experts have said.