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Saudi Arabian Oil Company (Saudi Aramco) has decided to withdraw from the development of the $22 billion Victory Nhon Hoi refinery and petrochemical complex in the south-central coastal province of Binh Dinh, along with Thailand’s largest energy company PTT Public Company Limited (PTT), according...
The Ministry of Finance will push ahead with improving financial institutions in the years to come to realise the country’s socio-economic development plan in 2016-2020, Minister Dinh Tien Dung said in an interview with the Vietnam News Agency.
German ASEAN Power and Marquardt Group are planning to develop costly projects in the central city of Danang to tap into the local improved business climate.
Vietnam’s economy slowed in the first half of 2016, threatening to stifle the annual GDP growth of the country which was set to hit 6.7 percent by the government this year, according to head of the General Statistics Office of Vietnam (GSO) Nguyen Bich Lam.
Britain’s recent exit from the European Union (EU) could more or less affect trade activities between Vietnamese businesses and partners from the UK and EU in the future, experts have commented.
While joining the ASEAN Economic Community and the Trans-Pacific Partnership is expected to bring better opportunities for Vietnam including creating jobs and driving economic growth, it will also bring challenges in terms of increasing competition in business and human resource areas.
Prime Minister Nguyen Xuan Phuc showed his backing of Hai Duong province’s scheme to build large-scale safe vegetable production models with the application of high technology, during his working session with local authorities on July 2.
The southwestern province of Kien Giang has set up 14 large-scale rice fields for growing crops in accordance with the Vietnamese Good Agricultural Practices (VietGAP) standards as part of a four-year programme.
Total investments in HCMC in the 2016-2020 period are estimated at VND1,830 trillion, up 55% against the previous five years.
The southern province of Binh Duong is expected to be a major logistics centre in the region on the back of its location near seaports and infrastructure, as heard at a local seminar held on June 30.
Investors from South Korea have been topping the list of foreign investors in Vietnam in the last two years.
A recently released study by the Vietnam Industry Research and Consultant (VIRAC) shows that beer production and consumption in Vietnam for 2014 reached an all-time record high of 3.1 billion litres with revenue of US$4.56 billion.
