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HCM City processing firms grow

The growth rate of industrial production in Ho Chi Minh City was 4 percent for the first four months of this year, only slightly higher than the 3.9 rate for the same period in 2012, according to the Municipal Department of Industry and Trade. The city posted 3.8 percent growth in its processing industry, with the highest rates in the ... Read More »

More businesses in HCM City suspend operations

In the first quarter, nearly 5,000 businesses based in Ho Chi Minh City suspended operations, or equal to 63.8 percent of the number of newly registered businesses for the same period. Compared to other localities nationwide, HCM City had the highest number of private businesses facing bankruptcy in the first quarter of the year. The number of private firms in ... Read More »

Vietnam-Malaysia trade surged 36.5 percent in Q1

Two-way trade between Vietnam and Malaysia reached 2.142 billion USD in the first quarter of 2013, a year-on-year increase of 36.5 percent. According to the Trade Office of the Vietnamese Embassy in Malaysia, in the January-March, Vietnam earned 1.152 billion USD from exports to Malaysia while importing more than 990 million USD of goods from the regional country. Vietnam’s key ... Read More »

Retail, social service turnover rises nearly 12 pct

Total turnover from retails and social services in the first four months of 2013 reached nearly 850 trillion VND, up 11.8 percent against the same period last year. The figure for April only was 213.4 trillion VND, increased by 0.8 percent compared with the previous month and 11.9 percent against last April. Among the sectors involved, retails enjoyed an increase ... Read More »

Vietnam’s industrial production in recovery

Vietnam saw a slight recovery in industrial production with the return of a 1 billion USD trade deficit in April, according to a report form the Ministry of Industry and Trade on May 6. Statistics showed the industrial production index in April increased by 5.8 percent over the same month last year and the index of the four-month period rose ... Read More »

Budget revenue reaches $3.6 billion

Budget revenue reaches $3.6 billion HA NOI (VNS)— Government revenue hit VND76 trillion (US$3.62 billion) in April, raising the total revenue in the first four months of this year to VND244.1 trillion ($11.62 billion), the Ministry of Finance said on its website. This figure represented an increase of 2 per cent year-on-year, equivalent to 29.9 per cent of the estimate ... Read More »

Vietnamese CEO wins IT prize

Vietnamese CEO wins IT prize HA NOI (VNS)— Chairman and CEO of software giant FPT Corporation Truong Gia Binh has become the first Vietnamese businessman to be awarded the Nikkei Asia Prize 2013 in recognition of his contributions to the development of information technology (IT) in Viet Nam. Binh, 56, received the award in the category of regional growth. He ... Read More »

Banks enjoy growth but stay below target

Banks enjoy growth but stay below target SBV Governor Nguyen Van Binh.— Photo dantri HA NOI (VNS)— The banking industry witnessed a positive increase in credit growth over the past four months, with commercial banks reporting higher profits, according to the State Bank of Viet Nam (SBV). The central bank said credit growth rose 1.4 per cent in the period ... Read More »

HCM City processing firms grow while others lack capital

HCM City processing firms grow while others lack capital The growth rate of industrial production in HCM City was 4 per cent for the first four months of this year.— Photo ndhmoney HCM CITY (VNS)— The growth rate of industrial production in HCM City was 4 per cent for the first four months of this year, only slightly higher than ... Read More »

Viet Nam-Brazil trade approaches $2b as exports rise

Viet Nam-Brazil trade approaches $2b as exports rise Last year, Viet Nam earned $817.2 million from exports to Brazil,.—VNS Photo HA NOI (VNS)— Bilateral trade turnover between Viet Nam and Brazil is expected to reach US$2 billion this year, continuing the momentum that saw two-way trade surpass $1 billion in 2011. According to the Viet Nam General Department of Customs, ... Read More »