Professor Hidetoshi Nishimura, President of the Economic Research Institute for ASEAN and East Asia (ERIA), shares his thoughts with VET on Vietnam's economy past, present and future.
(VNF) - Prime Minister (PM) Nguyen Tan Dung has made a decision to establish Tuyen Quang provincial Investment Promotion Centre.
The European Chamber of Commerce (EuroCham) in Vietnam on January 22nd announced the Business Climate Index (BCI) for the fourth quarter of 2014, showing business confidence, prospects and expectations improved significantly.
The Vietnam Cashew Association (Vinacas) reported that roughly 306,000 tonnes of locally produced cashew kernels were shipped abroad in 2014, generating more than USD2 billion and representing an annual increase of 17.4 per cent. Annual revenue grew by 21.9 per cent.
The Vietnamese economy experienced a year full of difficulties and pressures in 2014 but thanks to the efforts of the Government to pursue a consistent economic regulation policy, figures have revealed a brighter picture regarding the performance of the Vietnamese economy.
The President of the Animal Production Processing Import and Export Co., Doan Trong Ly told the Nguoi lao dong (The Labourer) newspaper that only Vietinbank had cut its interest rate from 9 per cent to 8.7 per cent so far this year. Other banks still kept their rates unchanged, Ly said, adding that his company was borrowing from Agribank at the rate of 9 to 10 per cent annually.
(VNF) - All of Viettel’s worldwide affiliates attended the first ever conference on telecommunications titled “Viettel global sharing experience” in Hanoi on January 22nd.
The price of RON95 gasoline was slashed by VND1,900 down to VND16,270 on the afternoon of January 21st, according to the Vietnam National Petroleum Group (Petrolimex).
(VNF) - The Ho Chi Minh (HCM) city Export Processing and Industrial Zones Authority (Hepza) said on January 19 that it expects to attract about USD700 million of investment in 2015.
Vietnam-Singapore trade hit USD15.6 billion (SGD20.4 billion) in 2014, a 20.3 percent surge from 2013, according to the Singapore Department of Statistics.
Vietnam and India have targeted trade revenue of USD7 billion in 2015, increasing to 15 billion USD by 2020.
Japan’s Showa Denko Group has worked in conjunction with authorities from the northern province of Ha Nam to design a plan to develop a clean vegetable production plant using LED lighting technology.
(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.