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Foreign investment funds making huge profits in Vietnam

Some foreign funds are leaving Vietnam after making huge profits from their investment deals, while others are entering the country to seek new opportunities.

Vietnam’s aquatic export forecast to top $8.5 bln in 2018

 Vietnam’s export of aquatic products is forecast to top 8.5 billion USD in 2018, up nearly 3 percent from 2017, according to the Vietnam Association of Seafood Exporters and Processors (VASEP). 

HCM City announces 10 outstanding events in 2017

 The Ho Chi Minh City People’s Committee on December 29 announced the city’s top ten events in 2017 as follow:

2017 plagued by devestating natural disasters

 Vietnam experienced unprecedentedly severe natural disasters in 2017, resulting in 386 people dead and missing and some 60,000 billion VND (2.6 billion USD) worth of damage.

Vietnam target three golds at Asian Games 2018

 VietNamNet Bridge – After a year of success, Vietnamese sportsmen are headed for a busy 2018 with a target of at least three gold medals at the most important event, Asian Games (ASIAD) in Indonesia.

EVN to pay tax arrears of $85 million

 The Ministry of Finance (MoF) is demanding more than 1.9 trillion VND (85 million USD) in tax arrears from the Electricity of Vietnam (EVN) after uncovering that the group had failed to declare its costs accurately.

Six high-quality trains to operate on North-South route

 The Vietnam Railways Corporation (VNR) is set to put six new passenger trains into operation on the North-South route on January 10, 2018, in an effort to improve service quality.

VN-Australia mural village in Dong Thap to attract visitors

 The Vietnam - Australia friendship mural village in Tinh Thoi commune, Cao Lanh city of the Mekong Delta province of Dong Thap is expected to draw more visitors to the locality.

Production of Vietnam’s first foot-and-mouth vaccines to start in Q2

 The Ministry of Agriculture and Rural Development expects the mass production of the first made-in-Vietnam vaccines against foot-and-mouth disease will start in the second quarter of 2018.

HDBank to list on HCM stock market this week

 The shares of HDBank will list on the HCM City Stock Exchange (HoSE) on January 5, making it the first bank to go public in 2018.

Retail sales and services reach almost $175 billion

 The total revenue from retail sales and services reached 3.93 quadrillion VND (174.85 billion USD) in 2017, surging 10.9 percent year-on-year, according to the General Statistics Office (GSO).

Russian firm helps Vietnam build mini hydropower plants

 The State Atomic Energy Corporation (ROSATOM) of Russia is willing to cooperate with Vietnam in developing mobile mini hydroelectric plants using environmentally friendly technology.

Vietnam's industrial production index up 9.4 percent in 2017

 Vietnam’s industrial production index grew 9.4 percent in 2017, well above the growth of 7.4 percent in the previous year, driven by strong expansion in manufacturing-processing (14.5 percent).

2017 – one of most successful years of Vietnam’s diplomacy: Deputy PM

 2017 is one of the most successful years of Vietnam’s diplomacy, said Deputy Prime Minister and Foreign Minister Pham Binh Minh in a recent article. 

Fruit, vegetables become big foreign currency earner

 Fruit and vegetables have surpassed traditional farm produce such as rice, rubber, tea, and cashew nuts to become a major foreign currency earner in the agricultural sector. 

HCM City to focus on land, finance policies this year

HCM City People’s Committee this year will focus on carrying out National Assembly’s Resolution No 54 on piloting special policies on land management, investment, finance and the state budget for the city. 

Khmer ethnic people preserve 2,000 years of culture

 The unique colours of Khmer culture are part of the rich variety among the 54 nationalities who live in Vietnam, said Dang Hung, head of the Bac Lieu province’s Union of Associations for Literature and Arts.

559 million shares to be auctioned at HNX

 The Hanoi Stock Exchange (HNX) will organise 15 auctions to offload 559 million shares in January.

New trade, auto rules to usher in positive changes

 Foreign traders not present in Vietnam will have the right to export or import under Vietnamese law and international treaties that the country has signed.

Five Colombians prosecuted for theft in Hanoi

 The People’s Procuracy of Hanoi has indicted five Colombian nationals accused of “property theft” in accordance with Article 138 of the Penal Code.