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Vietnam records US$24.1 billion in trade surplus with US
Business

Vietnam records US$24.1 billion in trade surplus with US

NDO - Vietnam’s merchandise trade surplus with the United States reached US$24.1 billion in the first nine months of 2017, according to the latest statistics released by the government.

Over US$15.5 billion worth of FDI poured into Bac Ninh
Business

Over US$15.5 billion worth of FDI poured into Bac Ninh

NDO – Foreign direct investment (FDI) flow into Bac Ninh province has increased from US$177.6 million, invested in four projects in 1997, to over US$15.5 billion on more than 1,080 projects from 32

Vietnam targets US$2.5 billion in rice export revenues by 2030
Business

Vietnam targets US$2.5 billion in rice export revenues by 2030

NDO - The Ministry of Industry and Trade (MOIT) has set the target of raising Vietnam’s rice export revenues to between US$2.3 and 2.5 billion by 2030.

Tourism revenue forecast to amount to $22 billion this year
Travel

Tourism revenue forecast to amount to $22 billion this year

The fast growing Vietnamese tourism sector is expected to obtain total revenue of VND500 trillion (US$22 billion) this year, VND100 trillion higher than last year and VND40 trillion above the

Export value forecast to hit US$203 billion this year
Business

Export value forecast to hit US$203 billion this year

NDO/VNA – Vietnam’s export value is likely to hit US$203 billion in 2017, a year-on-year rise of 14.5 percent, economists predict.

Wood, timber product exports to hit US$8 billion in 2017
Business

Wood, timber product exports to hit US$8 billion in 2017

NDO – The export of wood and timber products is forecasted to bring home US$8 billion for the year, said the Vietnam Timber and Forest Product Association (VIFORES).

Vietnam plans to build Hoa Binh-Son La Expressway for US$2.2 billion
Business

Vietnam plans to build Hoa Binh-Son La Expressway for US$2.2 billion

NDO - The government has announced plans to build an expressway connecting Vietnam’s two northern provinces of Hoa Binh and Son La, at an estimated cost of VND50.27 trillion (US$2.2 billion).

Agro-forestry-fishery exports reach nearly US$27 billion in nine months
Business

Agro-forestry-fishery exports reach nearly US$27 billion in nine months

NDO – The export turnover of agricultural, forestry and fishery products in September this year is estimated at US$3.04 billion, bringing the total export value in the first nine months of 2017 to

Aquatic exports hit US$ 5.91 billion in nine months
Business

Aquatic exports hit US$ 5.91 billion in nine months

NDO/ VNA – Aquatic exports in September 2017 are estimated to reach 696 million USD, pushing the total exports of the products, in the first nine months of this year, to US$ 5.91 billion, up 18.1%

Vietnam expects foreign investment to hit record $16 billion this year: report
Business

Vietnam expects foreign investment to hit record $16 billion this year: report

Cheap labor continues to be a magnet for foreign investors.

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion
Business

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

Michael Kors has been struggling in recent quarters with declining same-store sales as fewer people visit its shops.

Facebook hits two billion user mark
Business

Facebook hits two billion user mark

En nexpress - Facebook seeks 'to give people the power to build community.'

Vietnam’s power prices high due to monopoly’s multi billion-dollar debt: official
Business

Vietnam’s power prices high due to monopoly’s multi billion-dollar debt: official

En nexpress - Electricity of Vietnam owes $9.7 billion, and often blames losses for hiking prices.

Vietnam’s power prices high due to electricity monopoly’s multi billion-dollar debt: official
Business

Vietnam’s power prices high due to electricity monopoly’s multi billion-dollar debt: official

En nexpress - Electricity of Vietnam owes $9.7 billion, and often blames losses for hiking prices.

Vietnam’s legislators approve to fast-track multi-billion-dollar airport
Business

Vietnam’s legislators approve to fast-track multi-billion-dollar airport

En nexpress - The National Assembly has agreed to allow site clearance for Long Thanh Airport to begin at an estimated cost of $1 billion.

Thanh Hoa attracts US$6 billion in 32 investment projects
Business

Thanh Hoa attracts US$6 billion in 32 investment projects

Nhan dan - NDO - More than 30 projects in the north central province of Thanh Hoa worth a total of VND135.3 trillion (US$6 billion) were given the green light at an investment promotion conference

Thanh Hoa calls for US$5 billion investment
Business

Thanh Hoa calls for US$5 billion investment

Vietnamnet - The central province of Thanh Hoa is calling for over US$5 billion in foreign direct investment (FDI) and domestic direct investment (DDI) for 50 projects by 2020.

VN's farmed seafood exports likely to hit $30-35 billion by 2030
Business

VN's farmed seafood exports likely to hit $30-35 billion by 2030

Vietnamnet - Vietnam’s farmed seafood output is likely to reach 4.7 million tonnes with export earnings expected to hit 30-35 billion USD by 2030.

VN Government to borrow US$15.05 billion in 2017
Business

VN Government to borrow US$15.05 billion in 2017

Vietnamnet - The Government plans to borrow US$15.05 billion this year, according to a borrowing and debt payment scheme recently approved by Prime Minister Nguyen Xuan Phuc.

Dong Nai earns over US$5.2 billion in export in four months
Business

Dong Nai earns over US$5.2 billion in export in four months

Nhan dan - NDO/VNA – The southern province of Dong Nai shipped US$5.2 billion worth of goods abroad in the period from January-April, up 12.8% from the same period last year.

Second billion-dollar FDI project licensed
Business

Second billion-dollar FDI project licensed

Vietnamnet - Vietnam’s has licensed its second billion-dollar foreign direct investment (FDI) project for this year.

Vietcombank set to up capital to $1.74 billion
Business

Vietcombank set to up capital to $1.74 billion

Vietnamnet - Vietcombank (VCB) shareholders approved the bank’s plan to issue an additional 360 million shares, equivalent to 10 percent of its capital, to expand its charter capital to almost 39.6

Vietnamese fintechs and the $35 billion dream
Business

Vietnamese fintechs and the $35 billion dream

Vietnamnet - Vietnam is an attractive fintech market with estimated value of $35 billion. However, it has lagged behind in the last 10 years.

Vietnam’s exports hit US$61.34 billion in first four months
Business

Vietnam’s exports hit US$61.34 billion in first four months

Nhan dan - NDO - Vietnam exported goods worth an estimated US$61.34 billion in the first four months of 2017, up 15.4% year on year while imports surged 24.9% to US$64.07 billion, according to

Agro-forestry-aquatic product exports hit $10.8 billion
Business

Agro-forestry-aquatic product exports hit $10.8 billion

Vietnamnet - The export value of agro-forestry-aquatic products reached $10.8 billion in the first four months of 2017, a year-on-year surge of 9.1 percent, according to the Ministry of Agriculture