Business News

[26-02-2016]  The General Department of Customs would enhance efforts of administrative reforms and modernisation this year to create favourable conditions for imports and exports, a conference heard yesterday. Speaking at the conference to raise measures to improve customs operations in 2016, General Director Nguyen Ngoc Tuc said that customs modernisation was just at an initial stage, and added that greater efforts were required.

[24-02-2016] The consumer price index (CPI) in February posted a month-on-month surge of 1.27% and went up 0.42% against last December, according to the General Statistics Office (GSO). The CPI rose 1.03% in the first two months of 2016 against the same period last year.

[23-02-2016] The Consumer Price Index (CPI) in the two major cities showed a slight increase in February due to the high demand for goods during Tet holidays, according to statistic offices. Ha Noi Statistics Office reported yesterday that the CPI for Ha Noi in February rose by 0.47 per cent against the previous month and 1.73 per cent year-on-year.

[22-02-2016] Up to 91.1% of processing and manufacturing enterprises were upbeat about economic prospect with higher contracts, according to the General Statistics Office (GSO). The GSO recently released a report on business trend of processing and manufacturing enterprises.

[13-02-2016] Viet Nam aims to achieve annual average economic growth of 6.5 per cent to 7 per cent through 2020, striving to turn itself into an advanced industrial country soon, according to the Resolution of the 12th National Party’s Congress.

[03-02-2016] The Government has issued a Resolution on inking the Trans-Pacific Partnership Agreement (TPP). Accordingly, the Government approved the signing of the TPP and assigned the Minister of Industry and Trade to ink the Agreement with authorized representatives of nations joining the TPP.

[02-02-2016] The European Union (EU) today published the full text of the free trade agreement between the EU and Vietnam. The step follows the conclusion of the negotiating process in December. It will allow all interested stakeholders to become familiar with the content of EU-Vietnam Free Trade Agreement (EVFTA) well in advance of the domestic ratification processes both in the EU and in Vietnam.

[03-02-2016] Vietnam’s industrial growth is put at 5.9% in January against the same period last year, data of the Ministry of Industry and Trade showed. Some industries with significant growth last month were processing-manufacturing with 8.2%, electricity generation with 13.2%, mining with 4.2%, water supply with nearly 10%, motor vehicles with 16%, metal production with 14%, beverages with 15% and apparel with 12%.