Business News

[02-05-2016] The domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030, to match the progress of the country. The current plan was approved in April 2014, and it is expected that Viet Nam garment exports will reach between US$20 billion and $25 billion by 2020.

[28-04-2016] Of the figure, the State sector and the Foreign Direct Investment (FDI) sector contributed US$2 billion and US$3.08 billion, up 6.4% and 6.7%, respectively. The U.S. was the largest importer of Viet Nam’s textile with US$2.53 billion, up 6.57%. It was followed by the EU with US$692 million, up 7.3%, Japan with US$640 million, up 0.62%, the Republic of Korea with US$531.1 million, up 12.37%.

[28-04-2016] Foreign direct investment (FDI) pledges in Vietnam rose to $6.88 billion over January 1-April 20 this year, surging 85 percent from a year earlier, according to General Statistics Office (GSO) data released on April 27.

[27-04-2016] Kinh Bac City Development Holding Corporation considers seeking investors to co-develop its long list of projects in Vietnam. In its shareholders’ meeting held recently in the northern province of Bac Ninh, Kinh Bac City Development Holding Corporation chairman Dang Thanh Tam said that foreign funds from Singapore, Hong Kong, Malaysia, Thailand, and Finland had advised the company to find more foreign partners to co-invest in its current projects.

[27-04-2016] Ministry of Planning & Investment just received the Draft Decree providing regulations on conditions for producing cosmetic from Ministry of Health. VBF would like to call for comments (if any) from your chambers/chamber members on the Draft Decree who are relevant and interested in the cosmetic field . Please be kindly noted that:

[25-04-2016] More than 60 percent startups have been using information technology (IT) in their business. Small and medium enterprises now tend to use IT to create their competitiveness, but the IT application index still remains modest.

[25-04-2016]The PM's upcoming meeting with businesses; the 4th negotiation round on trade deal among Viet Nam, Laos, and Cambodia; the  Foreign Ministry's conference promoting Asia-Europe partnership; and the attainment of a trade surplus of US$1.36 billion in Q1 are economic highlights from April 18-24.

[22-04-2016] The real estate market in Viet Nam will see a growing number of property developments which offer quality living environments and amenities as developers are moving to meet the market demand amidst an improved economy.