Garment sector sets ambitious goal

HA NOI (VNS)— The garment industry has targeted an export value of US$18-19 billion this year, an increase of 12 per cent over last year, a representative of the leading State-owned clothing manufacturer Vinatex...

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Funding sought for transport projects

HA NOI (VNS)— The Ministry of Transport and relevant State agencies needed to mobilise social funding for transport projects, as the current funding available for the transport sector this year stood at only VND20...

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Foreign steel firms wary about entering Vietnam amid glut

JFE Holding Inc., Japan’s second-biggest steel producer, has delayed a decision to build a US$3.6-billion integrated steel plant in Vietnam, saying it is worried that the poorly developed market could hinder its...

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Starbucks to open in Vietnam in push to increase sales in Asia

Starbucks Corp., the world’s biggest coffee-shop operator, will open its first store in Vietnam next month as it expands into its 12th Asian nation.

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Decentralisation process flags

HA NOI — Local decent-ralisation plans have largely failed to conform to national strategies, according to a report released yesterday by the Viet Nam Institute of Economics (VIE) and Central Institute for Economic...

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Foreign firms dominate VN smartphone market

HA NOI (VNS)— Vietnamese smartphones are facing difficulties competing with an influx of budget smartphones from leading phone makers such as Samsung, Nokia and LG.

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Nationwide effort helps to stem traffic accidents

HA NOI (VNS)— The Deputy Prime Minister, Nguyen Xuan Phuc, has praised the country's efforts to deal with its traffic problems at a tele-conference between local and national authorities, praising provincial leaders...

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ASEAN-China trade achieves huge growth

Two-way trade between China and the Association of Southeast Asian Nations (ASEAN) increased enormously in the past two decades, from 7.9 billion USD in 1991 to 229.7 billion USD in 2010.

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Vietnam, Sierra Leone ink agricultural deal

Vietnam and Sierra Leone inked a memorandum of understanding (MoU) on cooperation in agriculture in Hanoi on July 27.

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Auto imports plunge with tighter regulations, high tax

The number of automobiles imported into Vietnam has dropped precipitously since the implementation of stricter regulations and higher taxes on auto imports, according to the General Department of Customs.

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Japan, US agencies to sponsor major projects

The Japan International Cooperation Agency (JICA) and the US Agency for International Development (USAID) have agreed to jointly sponsor infrastructure development projects in Vietnam and other Southeast Asian Countries...

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July budget revenue up 21 percent

Vietnam State budget revenue rose by 21 percent year on year to over 51.5 trillion VND (roughly 2.53 billion USD) in July, reported the Ministry of Finance.

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