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Vietnam’s foreign direct investment picture should rebound in the remaining months of this year, though concerns remain over fulfilling the 2016 target.
The fifth ASEAN+8 Gems & Jewelry Presidents’ Summit took place in Ho Chi Minh City on November 5-6.
European Commissioner for Agriculture and Rural Development Phil Hogan is leading a business delegation of 41 European food and beverage companies to visit Vietnam and sound out business opportunities.
A draft resolution revising and supplementing the resolution on exempting and reducing the agricultural land use tax is receiving attention from lawmakers at the ongoing National Assembly (NA)’s second session.
Nearly 90 percent of tariff lines have been cut and reduced, with 59 percent abolished immediately as the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) has taken effect since October 2016.
OneCoin, a cryptocurrency widely associated with Ponzi-like fraud around the world, has managed to form a market in Vietnam, where local ‘investors’ are spending money in the hope of becoming overnight euro millionaires.
The nation’s budget deficit totaled about VND159.5 trillion, or US$7.1 billion, in the January-October period, equivalent to 62.8% of the amount approved by the National Assembly early this year.
The Vietnam Summit 2016, an annual conference on external economics, was opened in Ho Chi Minh City on November 3 morning under the theme “Smooth Sailing Ahead”.
State budget revenues amounted to VNĐ821 trillion (US$36.5 billion) in the first 10 months of 2016, a year-on-year rise of 6.1 per cent.
The State Capital Investment Corporation (SCIC) is seeking a single investor for its divestment of more than 2.4 million shares in the Maritime Commercial Bank at an initial price of VND11,700 ($0.52) per share and representing 0.204 per cent of the bank’s charter capital.
Prime Minister Nguyen Xuan Phuc has released a directive requiring ministries and relevant agencies to tighten State management of multi-level marketing (MLM) activities.
Business conditions in the Vietnam manufacturing sector continued to improve in October but there was a pause in output growth during the month, said a Nikkei report released on November 1.
