Three ‘made-in-Vietnam’ social networks including Hahalolo, Gapo and Lotus, have just been launched in the last three consecutive months. Many of their impressive features are advertised widely. However, for them to be able to survive, not to mention
(VNF) - The domestic Auto market sold sales nearly 158,000 units in 2014, a year-on-year rise of 43%, reported the Vietnam Auto Manufacturers Association (VAMA).
Investors can expect a minimum profit rate of 7 to 8 per cent and a maximum profit rate of 15 to 20 per cent, depending on each segment of the city property market, he added.
Dinh Hai Lam, cocoa development manager at Mars Incorporated, said the development of the cocoa industry had not reached expectations, and that its expansion had occurred mostly due to the support of non-government organisations (NGOs) and projects involved in eliminating hunger and reducing poverty.
Hanoi will work towards industry sector recovery in 2015 with 5 percent growth, stated Vice Director of the municipal Department for Industry and Trade Tran Thi Phuong Lan.
The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set a production plan of exploit 5.1 billion tonnes of crude oil in 2015, grossing a total revenue of USD3.9 billion.
The Savills Viet Nam Ltd Company pointed out that six new housing projects, with approximately 2,900 units, have been launched recently. This reflects the highest number since the second quarter of 2013.
As of December 2014, eight countries in ASEAN invested USD53 billion in 2.057 projects in Vietnam, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
(VNF) - The Hanoi Customs Department collected over VND15.9 trillion worth of tax in 2015, up 9.9% of the year’s target and 12% from the previous year.
Duong Nghia Hiep, deputy director of the city's Department of Industry and Trade, said milling, polishing, and packaging plants of international standard would be set up to increase rice exports to demanding markets like the EU, Japan, and North America from 17 per cent of total exports last year to 22 per cent this year.
The State Bank of Vietnam (SBV) has decided to raise the VND/USD exchange rate by one percent from VND21,246 to VND21,458 per USD from January 7th.
Retail petrol prices were cut for the first time in 2015, decreasing by VND310 per litre from 16:30 of January 6th, according to the Vietnam National Petroleum Group (Petrolimex).
Le Van Toi, Director of the Department of Building Materials under the Ministry of Construction was quoted as saying by online newspaper vov.vn that Vietnamese cement enterprises have been unable to sign long-term contracts, even though their value is higher than short-term contracts.
The pending Trans-Pacific Partnership (TPP), if completed this year, will create an important momentum for the economic ties between Vietnam and the US, particularly when the two countries mark the 20th anniversary of normalization of their ties in 2015, most experts agreed.
The National Assembly passed amended Law on Enterprise and Law on Investment in 2014. This amendment and other related laws are anticipated to have a major influence on the country's business environment.
The Mekong Delta city of Can Tho targets a per capita income of VND79.3 million (USD3,714) in 2015, a year-on-year 12.9 percent increase, according to the municipal Department of Planning and Investment.
Two-way trade between Vietnam and Mexico in 2014 is likely to exceed USD1.8 billion, up 12 percent against last year, according to Mexico’s Ministry of Economy (SE).