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Vietnam gained trade surplus of 2.68 billion USD in 2016, the General Department of Customs reported.
In the context of limited domestic resources, attracting foreign capital to banks is seen as a viable solution to bank restructuring.
Ho Chi Minh City authorities have promised to provide VND2 billion (US$87,743) worth of financial support for each potential start-up model developed by young entrepreneurs.
The government of HCMC on December 29 announced the top 10 socio, economic and political achievements which have left positive effects on the city’s economy and improve the living standards of local residents.
Prime Minister Nguyen Xuan Phuc toured Da Nang port – the most modern and important deepwater port in the central region, in Da Nang city on December 31.
The southern hub of Ho Chi Minh City aims to achieve 19 socio-economic targets in 2017, especially economic growth of 8.4 – 8.7 percent.
Việt Nam’s index of industrial production (IIP) rose by 7.5 per cent this year, much lower than the 9.8 per cent growth seen in 2015.
Vietnam’s economy would face a slew of challenges in 2017 such as poor weather, rising public debt, bad debts and low competitiveness, heard a teleconference between the central and local governments on December 29.
Industrial zones in HCM City hope to attract investments worth US$500 million next year, according to the HCM City Export Processing and Industrial Zones Authority.
The draft Resolution of the Government on tasks and measures to implement socio-economic development plan in 2017 will focus on stronger economic restructuring and sustainable growth, said Deputy Prime Minister Vuong Dinh Hue.
The Saigon Union of Trading Cooperatives, or Saigon Co.op, on December 28 launched a brand-new convenience store brand called Co.op Smile.
Minister of Planning and Investment Nguyen Chi Dung told a teleconference on December 28 that Vietnam’s economy has grappled with unprecedented woes this year.
