Viet Nam’s trade surplus rose to US$2.8 billion in the first eight months of this year, the General Statistics Office (GSO) reported yesterday.– Photo nhandan.com.vn Viet Nam’s trade surplus rose to US$2.8 billion in the first eight months of this year, the General Statistics Office (GSO) reported yesterday. Total export value increased 14.5 per cent year-on-year to $155.4 billion during the first eight months. Of which, the domestic economic sector achieved a year-on-year surge of 17.4 per cent to $45.11 billion, while the foreign direct investment (FDI) sector gained $110.3 billion, an increase of 13.4 per cent. The FDI sector had lower growth in export value against the domestic sector but it holds 71 per cent of total national export value, said a GSO expert. Many key export products gained high growth in value during the first eight months. Export value rose 15.7 per cent to $30.9 billion for telephone and parts; and 14.2 per cent to $18.4 billion for electronic … [Read more...] about Viet Nam’s trade surplus increases to $2.8 billion
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Viet Nam’s FDI tops $24.35b in 8 months
Foreign direct investment (FDI) commitments in the first eight months totaled US$24.35 billion, up 4.2 per cent year-on-year, according to the Foreign Investment Agency (FIA). During the reviewed period, FDI disbursement also saw a positive increase of 9.2 per cent to $11.25 billion, the FIA, which is under the Ministry of Planning and Investment, has said. Up to 1,918 new projects were granted licences with total registered investment capital of $13.48 billion between January and August, up 0.2 per cent from the same period last year, while 736 operating projects were injected with an additional $5.58 billion, equivalent to 87.2 per cent of last year’s corresponding period. Notably, overseas players spent $5.28 billion on acquiring shares in Vietnamese companies in the first eight months, shooting up 51 per cent year-on-year. Among the largest-scale projects were the Japanese Sumitomo Corporation’s smart city project in Ha Noi’s Dong Anh District, capitalised at over … [Read more...] about Viet Nam’s FDI tops $24.35b in 8 months
Viet Dragon Securities joins derivatives market
Viet Dragon Securities Corporation has become the latest trading member of the derivatives market. — Photo baodautu.vnViet Nam News HÀ NỘI — Viet Dragon Securities Corporation (VDSC) on Tuesday became the newest trading member of the derivatives market. Viet Nam’s derivatives market has been operating for more than one year but it has made some great achievements with rising trading liquidity, which proves the market has quite high development potential. According to VDSC general director Nguyễn Hiếu, the company has done a lot of work to meet requirements on financial status, risk management, and consultancy and management personnel. The company has also upgraded its IT infrastructure and improved its partners’ derivatives trading systems. The company would also provide investors with internet-connected devices and applications to make their trading activities more convenient and less risky, he said. The participation of VDSC in the … [Read more...] about Viet Dragon Securities joins derivatives market
Viet-Pan Techno Park a model for FDI attraction: official
At the Viet-Pan Techno Park (Source: VNA) HCM City (VNA) – The Viet-Pan Techno Park in Ho Chi Minh City has served as a model for similar projects to lure foreign investors from Japan and other countries to the city, said Vice Standing Chairman of the municipal People’s Committee Le Thanh Liem. The official made the statement during a ceremony marking the fifth founding anniversary of the Viet-Pan Techno Park at the Hiep Phuoc Industrial Park in HCM City on August 28. The event also marked the completion of infrastructure at the park. The Viet-Pan Techno Park, which provides service packages for investors, has enabled Japanese investors to shorten their preparation time, save management costs, and promptly implement business activities to ensure efficiency, he added. Liem also spoke highly of Japanese firms as they have introduced advanced technology in Vietnam and opened training courses for Vietnamese workers, which contributed greatly to the city’s … [Read more...] about Viet-Pan Techno Park a model for FDI attraction: official
Latest BMW models to debut in Viet Nam
The BMW X2 model will be introduced in the Viet Nam market starting from September 2018. — Photo courtesy Thaco Local car maker Truong Hai Auto company (THACO) will introduce the BMW X2 model in Viet Nam, just one year after the vehicle first debuted at the Los Angeles Auto Show in the US in 2017. Thaco said the newest cross-over model and other imported BMW X1, BMW 118i and BMW 218i have been shipped to Viet Nam for the official curtain-raising event this September. It also said BMW X2 will offer three classes including Base, M-Sport and M Sport X for Vietnamese customers. According to Thaco, further models — notably the BMW 7 Series 740Li, 750Li and M760Li X Drive — will be arriving in Viet Nam for show-off events later this year. Thaco has been the new official importer of BMW and MINI vehicles in Viet Nam following a co-operation deal with the German giant car maker signed in January of 2018. A BMW 7 Series model is planned to officially debut later in 2018. … [Read more...] about Latest BMW models to debut in Viet Nam