News

About 76% of European companies operating in Vietnam said they are optimistic about business prospects in 2017, Mr. Joaquim Torrinha, Communications and Marketing Manager of the European Chamber of Commerce in Vietnam said at a press conference in Hanoi on February 21.

Vietnamese firms should fully understand and abide by the law in the host country to ensure their effective investment, head of the Legal Affairs Department at the Vietnam Chamber of Commerce and Industry Dau Anh Tuan suggested at the recent workshop in Hanoi on overseas investment.

Prime Minister Nguyen Xuan Phuc suggested Nghe An province to map out a master plan for the sustainable development of industry, agriculture and infrastructure at a local meeting with investors on February 19.

The Vietnam Online Business Forum (VOBF) 2017 will be organised in Hanoi on February 24 and in HCM City on March 3, Chairman of the Vietnam E-Commerce Association (Vecom) Nguyen Thanh Hung unveiled at the press conference in Hanoi on February 16.

Many domestic banks have been providing peferential credit packages to small business households to help them easily accessing the capital in the recent time.

In 2016, Vietnam`s real estate saw a strong growth in the land segment, especially at the end of 2016, becoming a "bright spot" of the market. So, the year of 2017 is forecast to remain a successful year to this sector, particularly in urban`s outside areas.

Prime Minister Nguyen Xuan Phuc has asked the northern province of Bac Ninh to continue working out more initiatives and solutions to bring the locality becoming one of the leading electronic and high technology factories in Asia.

According to the decree, titled 03/2017/NĐ-CP recently issued by the Government, Vietnamese will be permitted to gamble at casinos in Vietnam from March 15.

Party General Secretary Nguyen Phu Trong suggested at the working session with key officials of the northern province of Nam Dinh on February 8 that the locality should focus on attracting investment to give momentum to industry, agriculture and services.

The country`s total foreign direct investment from new projects and underway projects made in January reached 1.58 billion USD, a growth of 9.5 percent over the same period in 2016.

The Government recently issued the Resolution No.19 on tasks to improve the business climate and national competitiveness in 2017 with orientations to 2020.

The central province of Thua Thien-Hue has set a target of luring 20 projects to its economic zones and industrial parks with a total investment of about 6 trillion VND (272 million USD).

The start-up business atmosphere across the country was eventful as 8,990 new firms companies was set up in January, up 8 percent from last year, according to a report of the General Statistics Office, under the Ministry of Planning and Investment.

In the first month of this year, Vietnam attracted 1.423 billion USD in both new and additional foreign direct investment (FDI) and Singapore was the largest foreign investor, according to the General Statistics Office.

KTĐT - Vietnam’s trade deficit rose by $100 million in the first month of the year after witnessing a trade surplus of billions of dollars in 2016, according to the statistics of the General Statistics Office (GSO).

Prime Minister Nguyen Xuan Phuc has vowed to directly introduce Vietnam`s high-tech agricultural products and clean farm produce to the world market while attending the launching of a high-tech agricultural production at a VinEco farm in the northern province of Ha Nam on February 2.

Foreign investors have been acquiring major stakes in financial companies in Vietnam in recent years and the trend is expected to continue in 2017.

Hanoi People’s Committee Chairman Nguyen Duc Chung granted the adjusted investment license of 50 years to Coca-Cola Vietnam to Vamsi Moha, Chairman of Coca-Cola in Indochina and Myanmar on January 24 .

Prime Minister Nguyen Xuan Phuc expressed his hopes that Japan will become the leading investor of Vietnam in the future at the reception for President of the Japan Chamber of Commerce and Industry (JCCI) Akio Mimura in Hanoi on January 23.

Vietnam’s financial sector will issue long-term Government bonds in order to raise 340 trillion VND (over 15 billion USD) for the State budget in 2017.