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Vietnam to continue removing 50% business conditions in 2019

The Hanoitimes – The success of the business community would bring prosperity for Vietnam in the next decades. Prime Minister Nguyen Xuan Phuc requested ministries and government agencies to remove and simplify at least 50% business and investment conditions in 2019. In three consecutive years from 2016 – 2018, the government has issued resolution No.19 on […]

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Vietnam may face power price hike in 2019

The Hanoitimes – Deputy Minister of Industry and Trade Do Thang Hai said at the government regular meeting on December 3 that his ministry has drafted four scenarios in building power price schemes in 2019. Vietnam’s Ministry of Industry and Trade (MoIT) has said that it will report power price schemes to the government’s Price Management […]

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Vietnam to pursue rapid and sustainable economic development

The Hanoitimes – The objectives must be closely related with the development of a facilitating state that operates in a transparent, dynamic, creative and efficient manner, stated Nguyen Chi Dung, minister of Planning and Investment. Vietnam’s government remains steadfast in comprehensive economic reform and innovation, focusing on stabilizing macro economy and development policies for rapid and […]

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Foreign investors pour US$145 billion into Vietnam’s industrial and economic zones

The Hanoitimes – Vietnam`s industrial parks and economic zones remained the country`s magnet in attracting foreign investment. As of November 2018, Vietnam’s industrial parks and economic zones attracted 8,000 foreign projects with total capital of nearly US$145 billion, according to the Ministry of Planning and Investment (MPI). Meanwhile, as much as VND970 trillion (US$41.62 billion) in […]

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Vietnam sees car import up 44% y/y in October

The Hanoitimes – Cars from Thailand and Indonesia accounted for 93% of total cars imported to Vietnam over the last week. Vietnam imported 12,400 cars as of November, up 43.5% from the 7,000 cars imported in the same period last year, according to the General Department of Vietnam Customs (GDVC). Over the last week, Vietnam imported […]

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Vietnam PMI rises to 7-year high in November

The Hanoitimes – Business conditions strengthened at the second-fastest pace in the survey’s history, second only to the record seen in the first month of data collection. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) in November climbed from a 7-year high to 56.5 from 53.9 in October, signaling a sharp monthly improvement in the […]

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