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Update news vietnam economy
The transport sector could make a breakthrough in investment mobilisation for national key projects this year.
Vietnam has made solid efforts to be more enabling and responsive to businesses that form a firm pillar for strong economic growth.
International media outlets have highlighted Vietnam’s thriving economy which is among the fastest-growing in Southeast Asia in 2019 amid the global economic slowdown.
Start-up activities are growing fast despite the slowdown of the global economy. The gap between Vietnam and the two regional leading countries, Indonesia and Singapore, has narrowed.
The government will soon issue the legal document amending Decree 116 on the conditions for manufacturing, assembling, and importing cars, and providing car maintenance services.
Prime Minister Nguyen Xuan Phuc emphasized that it was necessary to settle six problems in the textile and garment industry to avoid losing important export markets.
Vietnam began thinking of flying non-stop to the US 16 years ago, but the plan has yet to be implemented.
The Bac Lieu LNG-to-power project marks the first billion-dollar foreign direct investment project in 2020 after a year going without projects of this magnitude, effectively tripling the first-month foreign investment inflows against last year.
A number of famous international fast fashion brands have arrived in the promising Vietnamese market.
The Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.
Vietnam gained a high GDP growth rate of 7.02 percent in 2019. However, many problems still exist.
There were 5,720 cases of foreign investors contributing capital or buying into Vietnamese enterprises in HCM City in 2019, which was 4.3 times higher than the number of FDI projects, according to the HCM City Planning and Investment Department.
HCM City: Number of business households turning into companies remains low
After two years of hot development, Vietnam’s textile and garment industry could not fulfill the target of exporting $40 billion worth of products in 2019.
Over the last 10 years, Vietnam’s private enterprises have not developed t their great potential.
Maintaining exports critical to cement industry this year
Local wood industry should focus on design and branding
Four CEOs of ride-hailing firms had to leave in 2019. Go-Viet witnessed the biggest high-ranking personnel changes.
Vietnam is one of 10 countries in the latest watchlist for currency manipulation released by the US Treasury Department.