The government expects a trade deficit next year as global conditions worsen, and wants to cap it at 3 percent of export turnover.
Speeding up the construction of the new Lien Chieu Cargo Port would help promote Da Nang as a key international logistics centre, and allow the existing Tien Sa Port to be reserved for cruise ships only.
Vietnam’s top legislative body, the National Assembly, Tuesday approved a government proposal to raise civil servants’ wages by 7.3 percent from next July.
The National Assembly’s Foreign Affairs Committee has pointed out the main obstacles to investment by foreign investors in Vietnam and the Government’s management of foreign-invested firms.
Legal plans to help promote more public private partnerships (PPP) in Viet Nam have been submitted to the National Assembly for approval.
The State Bank of Vietnam (SBV) is working on a new decree to regulate cryptocurrency.
The year-end online shopping frenzy has kicked off with giant local and foreign players like Lazada, Tiki, Sendo, and Shopee rolling out promotions since the middle of last month.
Vietnam targets having 50 percent of its bidding packages auctioned online this year, but government bodies have only achieved 30.8 percent so far.
In its annual plans in recent years, the Government has always anticipated trade deficit. In reality, Vietnam has always run a trade surplus. In addition, the country’s inflation control is also impressive. They are all positive signs. However, accurate forecasts are essential. What is the real cause of the discrepancy? The truth lies with the price level on the global market.
The south-central province of Khanh Hoa attracted 12 investment projects with total registered capital of nearly VND4.4 trillion (US$189.4 million) in January-October this year, well below the amount seen in the same period last year, mainly due to high land prices.