Economy

Businesses have been increasingly satisfied when dealing with administrative procedures in export-import activities but stated that more reforms are needed.

Skylight, a joint venture between BCG Energy and Indefol Engineering Solutions, has put into operation a rooftop solar power system at Dinsen Industrial Park in the Mekong Delta province of Long An.

Farmers in the Mekong Delta are sowing various vegetables and fruits for harvest ahead of Tet next February.

The Van Don Economic Zone in northeastern Quang Ninh province needs 70.2 billion USD by 2050 for its investment demands, according to the provincial People’s Committee.

As many as 2,200 new agricultural enterprises were set up in 2018, up 12.3 percent compared to 2017 and pushing the total number of firms in the sector to 9,235.

The Vietnamese government introduced two key resolutions on January 1 aimed at bolstering economic growth in 2019.

Long An last year issued licenses to 90 new foreign direct investment projects with a combined capital of 450 million USD, thus maintaining its leading position in FDI attraction in the region.

The nation’s GDP grew by an 11-year record 7.08 percent, double the inflation rate, while trade surplus topped 7.2 billion USD, the highest ever figure.

Vietnam’s exports have become more sophisticated with an impressive diversification of exports and increases in higher-value manufacturing exports, according to a recent World Bank report.

Prime Minister Nguyen Xuan Phuc attended the launch of the Van Don International Airport, Ha Long International Passenger Terminal, and Ha Long-Van Don Expressway.

Japan took the lead among 112 countries and territories invested in Vietnam in 2018, with 8.59 billion USD, making up 24 percent of the nation’s total FDI.

The total number of newly-established enterprises in 2018 was 131,275 with total registered capital of 1.5 quadrillion VND, up 3.5 percent and 14.1 percent, respectively, against last year.