Viet Nam’s IIP records impressive growth in 2017

Vietnam’s tuna export turnover reached 216 million USD in the first five months of 2017 Photo: VNA The strong growth was recorded in canned tuna products (35 percent) and frozen tuna (11 percent), reported the Vietnam Association of Seafood Exporters and Producers (VASEP).Vietnam is exporting tuna to 79 countries and territories across the globe, with the US and EU being traditional major markets. Despite the impressive growth, tuna exports are encountering some difficulties in raw materials and import duties in some key markets. Therefore, VASEP has proposed the Directorate of Fisheries under the Ministry of Agriculture and Rural Development develop…... [read more]

(TITC) – According to the General Statistics Office, international visitors to Viet Nam in July estimated 564,736 arrivals (up 4.6% over last month) which added to the total number of 4,852,621 in the first 7 months of 2014 (up 15.6% over the same period last year). This was a positive signal for the tourism sector after experiencing negative growth in the last 2 months resulted by the illegal China’s placement of drilling rig HD 981 in Vietnamese waters since early May. Of the total, visitors for leisure and tourism estimated 2,929,610 arrivals (+13.9%), for business: 815,811 (+16.1%), for visiting relatives: 836,388…... [read more]

The rankings showed that the average growth rate of 500 businesses in the 2009-2012 period stood at 44.7%, lower than that recorded in 2008-2011.Vietnam Report’s survey found that top 10 small-and-medium-sized enterprises (SMEs) posted an impressive growth rate of 88.3%.Top of the FAST 500 rankings was Intimex Nha Trang import and export JSC, while Duong Hieu mineral exploration JSC secured the first place among leading SMEs.Ho Chi Minh City and Hanoi remained the most dynamic economic hubs with their businesses accounting for major proportions in the FAST 500 rankings (31% and 21%, respectively).Sectors achieving highest growth included seafood (65.1%), construction…... [read more]

Vietnam has become an attractive destination for many foreign investors, largely due to the country’s friendly policies encouraging foreign direct investment (FDI), its political stability, and its strong economy, according to the latest report from JLL.  Illustrative image (Source: A vibrant real estate market in 2017 will elevate the number of merger and acquisitions (M&As) to a new record. JLL observed that there are hundreds of millions of dollars waiting to be poured into most segments of the real estate market, including residential, office, retail, hospitality and industrial. Investors are from countries such as Japan, South Korea, and Singapore,…... [read more]

Preliminary statistics released by Spanish Customs showed that the figure represents a year-on-year increase of 6.48%. Vietnam shipped goods valued at over 1.9 billion EUR to the southern European nation, up 4.9%, while importing more than 245 million EUR, a rise of 20.3%. Its exports were largely mobile phones and their accessories, garments, footwear, spare parts, coffee, and mechanical equipment, while imports were organic chemicals, seafood, tanned leather, plastics, dyes and pharmaceuticals. ... [read more]

Bac Giang Province has made greater efforts to promote economic developmentLocal party committee, government and people have made greater efforts to promote the province’s economic growth towards comprehensive and dynamic development. Bac Giang Province is gradually establishing basic factors to help the local economy rapidly develop in the coming years. Bac Giang’s economy has recorded fairly impressive growth compared to other provinces in the region. According to the provincial party committee, the gross regional domestic product (GRDP) reached 9.4 percent a year during the 2010-2015 period. In the context of economic difficulties facing the country and the world, this figure…... [read more]

Vietjet's crew at Incheon International Airport (Photo: VNA)HCM City (VNA) - Despite increasing challenges in the wake of the ASEAN Open Skies policy, Vietjet recorded positive growth through 2015.Vietjet posted a year-on-year growth of 205 percent in 2015 with a revenue of 10.9 trillion VND (490.7 million USD), fulfilling its yearly target, the airline said in its statement.With its ambition to make air travel the most popular transportation means for Vietnamese and travellers in Vietnam, Vietjet has being expanding its domestic and international network. As of December 31, 2015, Vietjet has been operating 40 routes (28 domestic routes and 12…... [read more]

Accordingto the office, the number of foreign tourists to the Caribbean countryexceeded two million in the first five months, up 16 percent year onyear. Canada remained Cuba’s biggest tourism market with about780,000 tourists, skyrocketing 135 percent compared to the same periodlast year.Other markets with impressive growth included Germany, France, the UK, Italy, Argentina, Venezuela and Mexico.Cuba received three million foreign visitors in 2014 and the snumber is expected to escalate to 3.5-4 million tourists in 2015.Tourism is the country’s second biggest sector after health service exports, bringing home 2.5 billion USD each year.-VNA... [read more]

Nhan Dan Online – According to a travel and tourism monthly release of data by the General Statistics Office of Vietnam the number of foreign tourists in August was estimated to be 676,719. This represents a 2.8% rise in international tourism over July and an increase of 22% when compared to the same period last year and continues a pretty impressive growth pattern seen in recent months. In total, the number of international arrivals was estimated at 4,875,447 during the first eight months of the year, up 7.9% over 2012. The number of visitors from Russia increased a dramatic 63.1%…... [read more]

Reporter: What is your assessment of the development of Vietnam’s capital market, especially, the stock market in recent times? Mr Noritaka: Vietnam has achieved an impressive growth in the stock market. Before I came to Hanoi, I was the leader of the capital market group of the World Bank in Washington. This group was designed to cover Asia, Eastern Europe, Africa and Latin America. But I must say I have never seen a market like Vietnam. It’s amazing! Particularly, for the past year, there were a large number of companies coming to the stock exchange and I think the government…... [read more]