In a new move, the Government has announced the rate of State-ownership in firms that are set to be equitised, instead of fixing the rates by sectors as usual.
Vietnam had four export markets with the export turnover exceeding US$10 billion each last year among over 200 countries and territories worldwide.
The Asean Economic Community (AEC) has just marked its one year anniversary after it officially came into effect on Dec 31, 2015.
HCM City hopes to incorporate 50,000 new companies this year (2017) so that there are 500,000 operational ones by 2020, Chairman Nguyen Thanh Phong has said.
Vietnamese producers must improve product quality and make the most of their advantages so that imported goods don’t take over the market.
Though skeptical about the 6.7 percent GDP growth rate target, economists still believe Vietnam will be among Asia's fastest growing economies.
The US continued topping the list of 200 countries and territories importing Vietnamese goods in 2016, with a total import value of over 34.8 billion USD.
Foreign retailers are geared toward Vietnam’s e-commerce to take the lead in the market.
With a sales growth rate of 25 percent, Vietnam is the fastest-growing car market in ASEAN, while Thailand and Indonesia had a gloomy year with decreased growth.
The southern hub of Ho Chi Minh City aims to achieve 19 socio-economic targets in 2017, especially economic growth of 8.4 – 8.7%.
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