Minister of Industry and Trade Tran Tuan Anh on Wednesday decided to repeal regulations on rice exports and traders as they have become hurdles in the expansion of the sector.
The General Statistics Office has estimated Vietnam’s 2016 retail revenue at US$118 billion, a 10.2% rise over the previous year.
More challenges and difficulties will face the local economy in 2017, said Nguyen Duc Thanh, head of the Vietnam Institute for Economics and Policy Research.
Việt Nam will achieve its 2017 goal of 6.7 per cent growth in gross domestic product (GDP), higher than 6.21 per cent in 2016, due to the efficiency of its reforms, say experts.
A year after the ASEAN Economic Community (AEC) was established, creating a huge market of over 622 million people with a market value of more than US$2.6 trillion.
People are investing their money in five main channels of stocks, gold, foreign currencies, property assets and savings but which of these offered the highest returns in 2016?
Vietnam has set targets of 6.7% GDP growth, stabilizing the macro-economy, and ensuring social security for 2017.
The former Minister of Agriculture of Japan, Takebe Tsutomu, said Vietnam is selling mangoes, dragon fruit and bananas to Japan, but these fruits are only for desserts.
Overseas Vietnamese play an important role in developing HCM City’s economy, but the city lacks the legal framework required to fully utilise their capabilities.
Viet Nam’s fruit and vegetable export in 2016 hit US$2.4 billion, a 30 per cent increase over 2015, and exceeding the Ministry of Industry and Trade’s yearly target of $2.2 billion.
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