MoIT

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Would Vietnamese automakers prosper if foreign counterparts leave?

VietNamNet Bridge - Economists and representatives of Vietnamese automobile enterprises believe the threatened departure of foreign automobile manufacturers would not be a problem for Vietnam.

Trade barriers may seriously affect Vietnam’s seafood industry

A number of seafood companies have been dissolved or have halted operation, while trade barriers from import countries are expected to.pose challenges to Vietnam’s fishery sector.

Vietnam develops coal power despite environmental concerns

VietNamNet Bridge - While the world strives to use more clean energy, Vietnam focuses on developing coal thermal power.

Vietnam's car market has second-fastest growth in world

VietNamNet Bridge - Vietnam was the second fastest growing car market in the world in 2016, with imports favored by most Vietnamese buyers. 

Will low-cost cars flood the Vietnamese market?

VietNamNet Bridge - The tariff cuts applied to imports from ASEAN and the luxury tax based on cylinder capacity are expected to encourage the import of more low-cost models. 

MoIT plans trade defence dept establishment

 VietNamNet Bridge – Minister of Industry and Trade (MoIT) Tran Tuan Anh said the ministry planned to establish a trade defence department to safeguard the interests of businesses in the context of global integration.

Samsung pledges $2.5 billion FDI, asks for more investment incentives

Samsung Display Vietnam (SDV) has expressed its willingness to invest $2.5 billion more in Bac Ninh province, thus raising total investment scale of the project in the locality to $6.5 billion. 

Vietnam to spend big money to exploit coal

VietNamNet Bridge - In Vietnam, most of the mineral reserves have not had received assessments on economic efficiency, or have had vague assessments. 

Ministry of Industry & Trade's biggest problems in 2016

Projects incurring losses of trillions of dong, personnel scandals and multi-level marketing firms swindling customers were the top issues dominating 2016 for the Ministry of Industry and Trade (MOIT).

Trying to ease reliance on China, Vietnam increases imports from South Korea

VietNamNet Bridge - Vietnam’s GDP has increased by 5.5 times in the last 15 years, while the trade deficit with China has increased by 171 times. 

Industry Ministry plans to open Thach Khe ore mine with $0.31 billion

VietNamNet Bridge - The Ministry of Industry and Trade’s (MOIT) plan to spend VND7 trillion to resume exploitation at Thach Khe ore mine has faced opposition from scientists. 

Four multi-billion dollar steel projects planned for central coastal area

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) is encouraging the development of steel complexes in coastal areas where there are deep water ports and plentiful land.

Industry Ministry vows to continue developing steel projects

As MOIT insists on developing steel projects, saying there will be a shortage of steel in the future, NA deputies say the ministry has to take responsibility for figures released in the steel industry development strategy. 

Industry Ministry considers bankruptcy for Dung Quat shipyard

VietNamNet Bridge - To deal with the unprofitable Dung Quat shipyard, MOIT believes that declaring  bankruptcy is the most feasible solution.

Vietnam's sugar industry development strategy in a muddle

VietNamNet Bridge - The figures to which the agriculture ministry (MARD) has been using while drafting the sugar industry's development strategy are not sufficiently reliable.

Sabeco, Masan, Vinasoy listing may ignite investment wave in FMCG shares

With the third largest population in SE Asia and 70 percent of people of working age, Vietnam has high potential for fast-moving consumer goods (FMCG) manufacturers.

Two petrochemistry projects stopped by authorities because of long delays

Shortly after the $22 billion petrochemistry & oil refinery project in Binh Dinh province was withdrawn by local authorities because of delay, another project in Can Tho has been stopped for the same reason.

Saigonese, Hanoians prefer buying goods online via Facebook

VietNamNet Bridge - Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones.

Solar power investors: 11.2-13.2 cent/kwh good enough

VietNamNet Bridge - Investors say they are reluctant to pour money into solar power projects as the selling prices for electricity remain unknown.

Five unprofitable mega-projects funded by the state

Five projects all funded by the state - the Dinh Vu fiber plant, Dung Quat ethanol plant, the expanded Thai Nguyen steel mill, Phuong Nam Pulp and Ninh Binh Fertilizer – have incurred huge losses.