News
Garment, textile firms face tough, bigger rivals
Several Vietnamese garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex). Nghi, speaking at a conference entitled “Garment and Textile – Opportunities and Challenges”, focusing on integration and held ...
Vietnam a top investor in Cambodia
Vietnam was among Cambodia’s top five investors as of last April with US$3.2 billion in 171 projects. It is also Cambodia’s third largest trade partner with bilateral trade topping $3.3 billion as of 2015, Vietnamese Commercial Counselor Nguyen Bao said. Keep reading ...
Vietnam moves closer to market economy
Vietnam was striving to perfect the market economy and committed to creating the most favourable conditions for foreign investors, Prime Minister Nguyen Tan Dung said at the Vietnam Global Investment Forum on 30 September. With improvements in the business climate, infrastructure and the financial markets, Vietnam ...
Vietnam's trade ministry now wants 150 percent tax on luxury cars
Only one month after the Ministry of Finance proposed increasing luxury taxes on cars with large engines to up to 75 percent, trade officials now say the maximum tax rate should be raised to 150 percent to restrict the use of expensive, fuel-hungry vehicles. Keep reading ...
Vietnam GDP grows 6.8% in 3Q
Vietnam’s economy grew 6.8% in the third quarter, up from 6.1% and 6.5% in the first and second quarters, respectively, the government said on 29 September. Keep reading ...
Vietnam PM urges Dong Nai to maintain high growth rate
Prime Minister Nguyen Tan Dung attended the opening ceremony of the southern Dong Nai province’s party congress on 29 September. The PM praised the province’s accomplishments over the last five years and urged Dong Nai to become a leading force in the country’s modernisation and socio-economic ...
Vietnam's produce exports expected to top $2b in 2015
Fruit and vegetable exports are expected to reach US$2 billion this year as more and more countries have opened their door to Vietnamese fruits and vegetables. Earnings from fruit and vegetable exports have increased strongly in recent years, from $460 million in 2010 to $1.47 billion ...
Pollution from coal-fired power plants kills 4,300 Vietnamese every year: study
Diseases linked to pollution caused by a fast growing network of coal-fired power plants kill around 4,300 people in Vietnam each year, according to a new estimate by scientists. A study released at a conference in Hanoi on 29 September claims that once all planned power projects become ...
25 bridges to be built in Vietnam with JICA loans
The Vietnamese Prime Minister has approved the construction of 25 bridges with the second transport sector loan for the national road network improvement project. The bridges’ total investment is about VND1.686 trillion ($75 million), funded by the Japan International Co-operation Agency ODA loans. Keep reading ...
Cambodia, Laos, Vietnam talk safety
Cambodia, Laos and Vietnam agreed to maintain close co-ordination to ensure security, order and safety at their shared border during the second joint conference of their Defence and Security Committees in Laos’ Champasak Province on 28 September. Keep reading ...
