Credit growth limited at 15 percent for best banks in 2019

The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II's capital safety and risk management standards ahead of schedule.

FM Logistic breaks ground for new distribution centre in Vietnam

French logistics and transport company FM Logistic has broken ground for a 30 million USD warehouse and distribution centre in the northern province of Bac Ninh.

Supply of Hanoi town houses, villas hits record high in Q1

The number of town houses and villas put up for sale in Hanoi in the first quarter rose to 2,600, a record high in three years, property consultancy CBRE Vietnam said on April 10.

Government asks for drastic efforts to complete yearly targets

The Government has asked ministries, sectors, economic groups and State-owned corporations to take drastic measures to hit targets set for 2019.

More comprehensive solutions needed for solar energy development

Rising concerns about the environment and livelihoods are setting barriers to developing solar energy in Vietnam, experts have said.

Da Nang looks to become exemplary eco-smart city in Asia

The central coastal city of Da Nang is making strides towards turning itself into an eco-smart urban area, a hub for startups and innovation, and one of the most liveable cities in Asia by 2045 under its smart city development project announced at a conference on April 10.

Two bottlenecks in Land Law

Vietnam's Land Law has been useful for the last 30 years since economic reform began and especially when perceptions changed as the economy moved from subsidies to the market. However, though its revenues from lands have steadily increased the government has been plagued by improper valuations.

Social insurance office targets 32.3 percent in coverage in 2019

The Vietnam Social Security (VSS) targets 32.3 percent of the workforce nationwide joining social insurance in 2019, 33.9 percent in 2020, and 35.6 percent in 2021.

Deputy PM urges firms to embrace digital transformation

Deputy Prime Minister Vuong Dinh Hue has urged domestic firms to embrace digital transformation at a recent business forum.

Vietnam introduces investment, trade potential in Belgium

Vietnam's potential and advantages in investment and trade once the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) take effect were introduced at the ASEAN Trade and Investment Forum in Brussels, Belgium, on April 4.

Nearly 15.9 mln USD of FDI poured into Quang Nam in Q1

The central coastal province of Quang Nam has attracted eight foreign direct investment (FDI) projects worth nearly 15.9 million USD so far this year, lifting total FDI projects in the locality to 176 with a total investment of over 5.8 billion USD.

CPTPP countries – potential markets for Vietnamese wood industry

Countries joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are potential markets for Vietnamese wood firms, said Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Products Association.

Time for environmentally-friendly building materials

The increasing amount of smart urban areas and green buildings has triggered demand for environmentally-friendly building materials in Vietnam, experts said.

VinaCapital invests in tourism project in Binh Dinh province

Investment group VinaCapital has injected over 1.1 trillion VND (47.4 million USD) into a project at the Nhon Ly – Cat Tien marine tourism area in Phu Cat district, central Binh Dinh province.

Over 910 million VND saved during Earth Hour in Vietnam

About 492,000kWh of electricity, equivalent to 917 million VND (over 39,500 USD), was saved in Vietnam during the Earth Hour, when lights were turned off for one hour from 8:30pm on March 30.

Financial-monetary advisory council meets to assess growth

The National Advisory Council on Financial and Monetary Policies met on March 28 to assess the economic growth in Quarter 1 and determine factors that can affect growth in the remaining months of the year, including obstacles in the banking and financial sectors.

Project to develop national investment information system kicks off

The Ministry of Planning and Investment (MPI) and the Korean International Cooperation Agency (KOICA) organised a ceremony in Hanoi on March 28 to launch a project to develop the national investment information system (NIIS).

Quang Binh secures over 2 billion USD invested into economic, industrial zones

Industrial parks and economic zones in the central province of Quang Binh have attracted nearly 50 trillion VND (2.15 billion USD) to 122 projects in the first three months of this year, the chinhphu.vn reported.

Over 200 businesses join Int'l Maritime Expo Vietnam 2019

The International Maritime Expo (INMEX) Vietnam 2019 kicked off in Ho Chi Minh City on March 27, attracting more than 200 businesses from home and abroad.

Institutional building is most important task of Ministry of Construction

That was the affirmation of the Minister of Construction Pham Hong Ha at the meeting on the program to build and issue legal documents of the Ministry of Construction in 2019, taking place in the afternoon of March 25.

Vietnam responds to World Meteorological Day 2019

A ceremony in response to the World Meteorological Day 2019 was held in the northern port city of Hai Phong on March 23, calling for actions to protect human lives and assets in the context of increasing extreme weather phenomena.

HCM City approves 2.1 trillion VND advance for metro line No.1 project

The HCM City People's Committee has approved an advance of 2.1 trillion VND (93 million USD ) from the city budget for metro line No 1 project between Ben Thanh Market and Suoi Tien Tourist Park.

Vietnam – Singapore Cooperation Centre inaugurated in Hanoi

The Vietnam – Singapore Cooperation Centre was inaugurated in Hanoi on March 23 morning, in the witness of visiting Singaporean Deputy Prime Minister and Co-ordinating Minister for National Security Teo Chee Hean and Minister of Science and Technology Chu Ngoc Anh.

Quang Ninh plans country's largest under-sea tunnel

The northern coastal province of Quang Ninh is working on a pre-feasibility report on an undersea tunnel crossing Cua Luc bay, which will be the largest of its kind in Vietnam, according to the Government's electronic newspaper baochinhphu.vn.

1.32 billion USD logistics centre planned in Ba Ria-Vung Tau

A joint venture between the Hanoi Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cai Mep Ha habour in southern Ba Ria-Vung Tau province.

HCM City: 10 trln VND anti-flood facility to be operational late 2019

Secretary of the HCM City Party Committee Nguyen Thien Nhan on March 12 conducted a field trip to inspect the progress of the flood prevention project in the city.

Toll road operators asked to install ETC systems before year-end

Minister of Transport Nguyen Van The has affirmed that investors in Build-Operate-Transfer (BOT) contracts will have to stop collecting fees if they don't install electronic toll collection (ETC) systems by the end of this year.

France's Air Liquide encouraged to expand investment in Vietnam

Deputy Prime Minister Trinh Dinh Dung has expressed his belief that the Air Liquide Group of France will continue closely coordinating with Vietnamese ministries, agencies and businesses to push ahead with preparations for its investment projects and improve its production capacity in Vietnam.

ADB loan funds transport connectivity project in mountainous provinces

The Ministry of Finance and the Asian Development Bank (ADB) on March 5 signed a loan worth over 188 million USD for a transport connectivity project in northern mountainous provinces.

Vietnam Airlines, Cambodia's Tourism Ministry ink cooperation deal

National flag carrier Vietnam Airlines and Cambodia's Ministry of Tourism have signed a tourism development cooperation agreement that runs through 2021.

Experts call for high-speed railway to ease Mekong Delta congestion

A high-speed rail route between HCM City and Can Tho will help smoothen passenger and cargo transport in the Mekong Delta, transportation experts have said.

Wood, forestry exports must surpass 11 billion USD in 2019: PM

The wood and forestry export turnover for this year needs to surpass 11 billion USD, Prime Minister Nguyen Xuan Phuc told the agriculture sector at a forum held in Hanoi on February 22.

About 65 pct of Japan firms in Vietnam gain operating profits

About 65.3 percent of Japanese companies in Vietnam gained operating profits in 2018, 0.2 percentage points more than in the previous year.

PM directs hastening Trung Luong-My Thuan highway construction

Permanent Government members met in Hanoi on February 20 to discuss the acceleration of the Trung Luong-My Thuan highway construction.

Project on unobserved economy statistics to be launched

Director General of the General Statistics Office (GSO) Nguyen Bich Lam has affirmed that a project on unobserved economy statistics will serve as an important reference for the statistics sector to refine its expertise up to international practices.

Conference discusses refining policies on FDI attraction

Deputy Prime Minister Vuong Dinh Hue chaired a consultation conference in the southern province of Binh Duong on February 14 to discuss orientations towards refining mechanisms and policies on foreign direct investment (FDI) in the new context.

Da Nang invites investment to public parking lots

The central city of Da Nang is calling for investment to 14 public parking lots in a bid to serve the surging demand resulted in by a sharp increase of motorized vehicles.

Deputy PM asks for prompt preparations for Long Thanh airport project

Deputy Prime Minister Trinh Dinh Dung has asked for the feasibility report on the Long Thanh International Airport project to be completed and submitted soon so that it can be considered by the National Assembly in late 2019, ensuring that the construction of the project starts in 2020 as scheduled.

Hanoi leader visits Evangelical Church ahead of Tet

Chairman of the Hanoi municipal People's Committee Nguyen Duc Chung visited the Evangelical Church of Vietnam (North) and the Hanoi Evangelical Church on February 1, ahead of the upcoming Lunar New Year (Tet) festival.

Successful Businesswoman Prioritizes Philanthropy

Ms. Nguyen Kim Thuy, the director of Golden Top Group, is a highly successful entrepreneur turned ardent philanthropist.

Thailand believes reprieve from air pollution only temporary

Thai authorities have acknowledged that high concentrations of particulate matter or PM 2.5, remain in at least 21 areas throughout Bangkok and its vicinity, and the overall pollution situation could worsen again this week.

State, organisations join hands to ensure a happy Tet for all

More support from the State and general public has been offered to low-income earners and disadvantaged people across the nation, as the country's biggest traditional festival, Tet (Lunar New Year), approaches.

Hanoi, HCM City plan to ban motorcycles from central areas

Authorities of Hanoi and Ho Chi Minh City are speeding up plans to limit motorbikes entering inner-city areas and eventually phase motorbikes out in downtown areas to ease traffic jams.

Compensation for expropriated land 'detached' from market value

The Government's mechanism to calculate the compensation rate for residents whose land it takes for public purposes is 'detached' from the market value instead of relying on it, leading to prolonged opposition and grievances from those affected.

2019 National Volunteer Year launched

Launching the 2019 National Volunteer Year, the Central Committee of the Ho Chi Minh Communist Youth Union on January 18 and 19 sent a delegation to border posts located along the borderline in the southwestern province of An Giang.

Deputy PM: no group interest found in SOE equitisation, divestment

Deputy Prime Minister Vuong Dinh Hue has stated that no group interests have been found in the equitisation and divestment of State-owned enterprises (SOEs) following inspections.

Vietnam Sustainability Forum 2019 takes place in Hanoi

The Vietnam Sustainability Forum 2019 took place in Hanoi on January 18 following the successful organisation of the first event last year.

Vietnam-Africa trade reaches 6.6 billion USD in 2018

Bilateral trade between Vietnam and African nations hit 6.6 billion USD in 2018, with Vietnam's exports worth 3 billion USD, up 10 percent from the previous year.

Soc Trang's island commune recognized as new-style rural area

An Thanh Tay island commune in Cu Lao Dung district of the Mekong Delta province of Soc Trang has been recognized as a new-style rural area, becoming the third commune of the district receiving the title.

Private capital key to Vietnam's energy development: WB report

New financial sources, particularly from the private sector, will help Vietnam further develop its energy industry, according to a new World Bank report on maximising finance for Vietnam's energy development.

HCM City seeks cheaper logistics

Logistics fees in Vietnam account for nearly 21 percent of the country's Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.

Hoa Phat Group's steel export shoots up over 50 percent

Hoa Phat Group, the largest steel maker in the country, shipped abroad 240,000 tonnes of steel in 2018, up 50.97 percent against the previous year, the group said on January 7.

Quang Tri's economic zones hold great investment-luring potential

Economic and industrial zones in the central province of Quang Tri boast huge potential for attracting domestic and foreign investors. The attraction of investment in these fields is one of the locality's top priorities.

Number for poor households on the rise in ethnic minority areas: official

The number of low-income households is growing in ethnic minority areas, with the poverty reduction tempo in these communities also lower than the national, according to Minister-Chairman of the Government's Committee for Ethnic Minority Affairs Do Van Chien.

Ho Chi Minh City collects more for State budget in 2018

Ho Chi Minh City's State budget collection topped 378.5 trillion VND (16.4 billion USD) as of December 31, 2018, or 100.47 percent of the estimate and marking a 8.65 percent increase year-on-year, Chairman of the municipal People's Committee Nguyen Thanh Phong told a local conference on January 3.

New Year flag salute ceremony held at nation's easternmost mainland point

A national flag salute ceremony was held on January 1 in the country's easternmost mainland point of Mui Dien in the south central province of Phu Yen.

Learning and implementing Resolution of 8th plenum of 12th session

On December 27, the Party Committee of the Ministry of Construction held a conference on studying and implementing the 8th plenum of the 12th Central Committee.

Forestry exports rise by 16 percent in 2018

Vietnam earns more than 9.3 billion USD from the export of forestry products in 2018, up 15.9 percent from last year, according to the Vietnam Administration of Forestry (VNFOREST).

Nghi Son oil refinery-petrochemical plant begins commercial operation

The Nghi Son oil refinery and petrochemical plant in the north central province of Thanh Hoa officially began its commercial operation on December 23.

Urban infrastructure upgrading project benefits 1.2 million people

After seven years of implementation, the project to upgrade urban areas in the Mekong Delta region, part of a larger project at national level for the 2009-2020 period, has benefited nearly 1.2 million people.

Vietnam – China friendship gala night runs in HCM City

The Ho Chi Minh City Union of Friendship Organisations (HUFO) and Chinese Consulate General in the city held a Vietnam – China friendship gala night in the southern economic hub on December 19.

Da Nang greenlights 606 million USD logistics plan

The central city of Da Nang has approved a master plan for the development of its logistics infrastructure by 2030 with total investment of 13.7 trillion VND (606 million USD).

Vietnam commits interdisciplinary efforts to implementing SDGs

Vietnam pledges to mobilise all resources, including the involvement of ministries, sectors, localities, and people towards successfully implementing the UN's 2030 Agenda and sustainable development goals (SDGs), Deputy Minister of Planning and Investment Vu Dai Thang has said.

Google seeks to open representative office in Vietnam

Google is researching the procedures for opening a representative office in Vietnam to ensure that its compliance with local regulations is in line with its international commitments, Senior Vice President Ken Walker has said.

Lao Cai's 2018 budget collection hits over 8 trillion VND

Budget collection of the northern mountainous province of Lao Cai in 2018 is estimated at over 8 trillion VND (nearly 342.49 million USD), surpassing the assigned target by 41.7 percent and up 6.3 percent against the previous year, the provincial People's Committee reported on December 11.

Vietnam, Germany share experience in cooperative development

The Vietnam Cooperative Alliance (VCA) and the German Cooperative and Raiffeisen Confederation (DGRV) held a workshop in Hanoi on December 4 to share experience in development cooperation, with a view to establishing a cooperative audit centre in Vietnam.

Quang Ninh to start construction on new highway in December

The northern coastal province of Quang Ninh is accelerating ground clearance work and investment procedures so as to start construction work on the Mong Cai-Van Don highway within this month.

Hai Phong: Private sector expected to be engine of local economy

The northern city of Hai Phong sets to have about 33,000 operational enterprises by 2020 in an effort to develop the private sector as an engine of the local economy.

Urbanisation poses challenges to VN's sustainable development

Vietnam has been immersed in a golden period of urbanisation with a growing number of city development projects. This period is predicted to continue after 2050 but could prove challenging.

Quang Ninh promotes travelling through Van Don airport

The northeastern province of Quang Ninh is considering reduction in transportation costs for buses from Van Don International Airport to the centre of Ha Long city.

HCM City economic forum talks firms' role in building innovative districts

The Ho Chi Minh City Economic Forum 2018 was organised on November 23, under the theme of 'Fostering Interactive and Innovative Districts – The Prominent Role of Businesses'.