Business News

[03-05-2016] The Ministry of Information and Communications is expected to issue 4G service licenses in Vietnam by the end of this year when local telecom firms have completed their pilot plans for the new service.

[04-05-2016] Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week.

[04-05-2016] Vietnam is becoming an attractive profit-generating market for investment in Southeast Asia, with a low interest rate, record low inflation in 2015, and the VND exchange rate far better than other currencies in the region.

[03-05-2016] The Hoa Lac Hi-Tech Park in Hanoi will offer the best possible incentives to investors in order to attract and encourage investment and help the park reach its targets, according to Deputy Prime Minister Vu Duc Dam. He assigned the Ministry of Science and Technology to research and determine special echanisms and policies for application at the hi-tech park.

[02-05-2016] The Board of Executive Directors of the World Bank (WB) has approved a package of over US$500 million in support for improvements to road and bridge connections, flood control and hygiene conditions in Viet Nam.

[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.