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With a population nudging 100 million and annual GDP growth around 7%, Vietnam has forecast power generation will need to rise from about 47,000 MW currently to 60,000 MW by 2020 and 129,500 MW by 2030.
In the first four months this year, the Philippines has leapfrogged China to become Vietnam’s largest rice importer.
Newcomers have shaken up Vietnam’s food delivery sector with intensified competition in which only strong contenders can withstand the challenges.
As Vietnam’s cities and provinces are stepping up plans to realize the smart city dream, foreign tech giants are rushing with new ambitious business plans to seize the opportunities.
Many Norwegian companies said they are ready to invest in Vietnam as long as the Vietnamese government ensures a fair and equal investment environment.
The Hanoi Department of Taxation has just announced that hundreds of real estate companies owe a total of VND1.126 trillion ($48.9 million) in tax, administrative fees, and other land-related sums.
In 2018, the government targeted to remove at least 50% of administrative procedures, simplify 61% business conditions and reduce 60% of specialized inspection for trade activities.
In case contractors are selected without arising situations, construction of the North-South expressway invested under the public-private partnership (PPP) may start in April 2020, VnEconomy reported.
The forex “fever” in the first week of May has sparked concerns over its continuity in the upcoming time.
As its labor cost is equal and even higher than other countries, Vietnam will have to replace the cheap labor advantage for the skilled workforce advantage in the coming time to raise the competitiveness.
Investing in the booming shophouse segment in HCM City could end in losses, if market observers are to be believed.
High inventories were attributable to sluggish construction that was caused by legal loopholes.
With e-commerce and automation changing the landscape of the logistics sector dramatically, there will be a focus on re-skilling the existing workforce in technology, which will improve the competitiveness of the logistics industry.
The US is likely not to include Vietnam in a twice-yearly report of currency manipulators based on new data the country provided the Treasury Department, Bloomberg reported, citing a person familiar with the matter.
The State Bank of Viet Nam has approved the plan submitted by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to issue bonds worth VND10 trillion (US$427.5 million).
The financial capacity of Viet Nam’s credit institutions has solidified in recent years, with their charter capital reaching VND578.9 trillion (US$24.85 billion) by the end of the first quarter 2019.
Authorities have basically agreed on a State Bank of Viet Nam (SBV) proposal to allow large State-owned commercial banks to retain their dividends or pay them in shares to increase capital.
Vietnam’s seafood exports to the other 10 members of the CPTPP have increased sharply since the agreement took effect earlier this year, according to the Ministry of Agriculture and Rural Development.
The central province of Ninh Thuan aims to become the renewable-energy centre of the country, with assistance from the central government's preferential policies.
Export turnover of wood and wooden products reached nearly US$3.12 billion in the first four months of the year, a year-on-year increase of 18.3 per cent, according to the General Department of Customs.