Economy

Vietnamese e-commerce floors have been bustle with many items serving buyers and sellers as the Tet holiday is coming.

The state budget revenue is estimated at 144.6 trillion VND (over 6.2 billion USD) in January, up 7.5 percent from a year earlier, the Ministry of Finance said on February 1.

Vietnam’s export-import turnover is likely to hit a record 500 billion USD in the fourth quarter of 2019, up 5 percent from 2018, according to the General Department of Vietnam Customs.

Delivery services providers in HCM City are working hard to meet the surge in demand in the run-up to Tet, the year’s biggest holiday.

The Vietnam International Trade Fair is to take place in Hanoi from April 10-13, drawing a large number of exhibitors from 20 countries and territories.

The food processing and drinks industry has seen growth of 7 percent in recent years, with more and more foreign investors deciding to pour money into the sector.

The Ministry of Industry and Trade sees supporting the manufacturing and processing industry as the key to boosting socio-economic development this year.

The Sai Gon Giai Phong newspaper hosted a ceremony in Ho Chi Minh City on January 26 to honour 27 most popular Vietnamese brand names in 2019 selected by its readers.

Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon.

Prime Minister Nguyen Xuan Phuc chaired a dialogue with executives of nearly 40 multinational groups in Davos, Switzerland.

Vietnam wants to attract 100,000 businesses to invest in agriculture, of which between 3,000-4,000 enterprises will be large scale with the rest medium-sized.

Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quat Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai.