The potential collapse of the Trans-Pacific Partnership (TPP) trade pact may not impact Vietnam’s sovereign credit quality as much as was projected earlier, Moody’s said. Though the dissolution of the pact is a “material” loss to export-driven economies such as Vietnam, investments made in anticipation of the TPP are unlikely to be reversed and will […]
Read MoreIn the first eight months of this year, Vietnamese businesses’ overseas investments reached 705.8 million USD with 71 newly licensed projects and 35 adjusted projects. Since the Law on Investment took effect on July 1, 2014, the Ministry of Planning and Investment has granted outbound investment licenses for over 190 projects, of which 124 are […]
Read MoreThe nation’s consumer price index (CPI) increased by 0.46 per cent in the first month of this year, the highest month-on-month increase recorded over the two years, the General Statistics Office (GSO) announced yesterday. The January’s CPI also experienced a year-on-year rise of 5.22 per cent, much higher than 1-per-cent growth seen in same period […]
Read MoreThe southern province of Binh Phuoc is seeking investors to inject more capital into its 13 industrial parks and spur industrialisation, the People’s Committee said. Businessmen are being encouraged to invest in petrochemical, pharmaceutical, plastic and rubber components, and production projects with added value of 30 per cent or more, in addition to automobile manufacturing […]
Read MoreBusiness confidence is expected to improve in 2017, following the Government’s hastened reform efforts aiming to create momentum for firms and boost start-up entrepreneurship. After a year of record firm foundations, which is considered a silver lining although the country failed to meet its growth target, the Government signaled ongoing determination to improve the business […]
Read MoreViet Nam’s trade deficit rose by US$100 million in the first month of the year after enjoying a trade surplus of billions of dollars in 2016. The trade deficit accounts for 0.7 per cent of the export turnover, according to the latest update from the General Statistics Office (GSO). GSO said the country’s total import-export turnover in […]
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