Steel imports from China surged by 7.3 per cent to nearly 2 million tons during the first four months of this year, totaling US$1.22 million in value.

VN's interbank e-payment system handled 37 million transactions worth US$898.4 billion in the first quarter of the year, up 23 per cent and 17.8 per cent respectively compared to 2018, according to the State Bank of Vietnam.

The Viet Nam Posts and Telecommunications Group (VNPT), the country's largest telecom operator, will hire five consultants for its planned equitisation project.

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Viet Nam (SAV).

Erratic planning and other problems related to land use are hurting the business sector, according to the HCM City Department of Industry and Trade.

Insurance auxiliary service providers have the right to join professional associations to develop the insurance-finance market, according to National Assembly deputy Tran Thi Quoc Khanh.

Vietnam holds huge potential for developing the resort market thanks to high economic growth and growing travel demand, experts said at a recent workshop in Hanoi.

The services sector in case of growing over 7.2% in 2019 could boost Vietnam’s GDP to be equivalent or even higher than last year's growth of 7.08%, according to the Ministry of Planning and Investment (MPI).

Vietnam’s public debt hit the lowest since 2015 at 58.4% of the GDP as of the end of 2018, much lower than the projection of 63.9% made by the Ministry of Planning and Investment last August.

The Organization for Economic Co-operation and Development (OECD) has analyzed some problems that limit Vietnam’s economic development, and proposed solutions to help Vietnam in building a socio-economic strategy from 2021 to 2030.

Vietnam has made major inroads over the past years to swift from peripheral to mainstream industrial nation which, in terms of investment, is at the center of attention.

The combined charter capital of Vietnam’s banking sector reached US$24.72 billion as of the end of March, up 0.45% against end-2018 and up 63.5% against end-2011, according to the State Bank of Vietnam.

Losses caused by the excessive consumption of alcoholic beverages total at least VND65 trillion per year, far outpacing economic gains, reported Thanh Nien newspaper.

The State Audit of Vietnam (SAV) has uncovered several violations in the execution of build-transfer (BT) and build-operate-transfer (BOT) projects as well as at local banks.

The General Department of Vietnam Customs has announced that a nine-year-old Australian boy is not eligible for a VAT refund for his VND6-billion watch.

The State Bank of Vietnam is ready to sell foreign currency to stabilize the forex market in the wake of the sharp strengthening of the greenback against the Vietnamese dong recently.

Vietnam encourages private participation in key projects

Irrecoverable debts kept increasing in 2019’s first three months and currently account for more than 50 per cent of the 22 banks’ bad debts.

The Trade Remedies Authority of Vietnam announced that it has recently issued a decision on application of measures to prevent imported steel wire and rolled steel products from avoiding trade remedies.

The consumption of electricity has set a new record, exceeding the peak of 2018 and thus putting the national power grid under pressure.