News

With an emerging market economy and continued strong growth, Viet Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company.

The Government will adopt stricter penalties to prevent foreign goods being exported to the other markets under Vietnamese labels to avoid tariffs.

The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusions on the development of Van Don Economic Zone (EZ) that would require more than VND8.35 trillion (US$357.2 million) to expand its infrastructure by 2030.

Viet Nam’s long-term issuer default rating (IDR) has been upgraded to positive from stable, thanks to its improving track record of economic management, evidenced by high growth with stable inflation.

On Monday, Binh Phuoc People’s Committee and a joint venture between Phuc An Khang Co, Licogi 13 Co and Trung Chinh Co have inked a deal to develop the second phase of the Suoi Cam tourism complex in the province.

Farming products exported via the Lao Cai international border gate have seen strong growth this year, including dragon fruit, watermelon and mango, said Tran Anh Tu, Deputy Director of Lao Cai Border Gate Customs Department.

Cashless payment is an irreversible trend during the time of the fourth industrial revolution, Deputy Prime Minister Vuong Dinh Hue told a conference in HCM City on Tuesday.

Vietnam has asked companies not to advertise on videos hosted by Google’s YouTube that contain “anti-state propaganda,” state media said on Wednesday, as the Southeast Asian country ramps up pressure on global tech giants.

The VIMF 2019 (Vietnam Industrial Manufacturing Fair 2019) kicks off on June 12th in Ho Chi Minh City, Vietnam. LITE-ON Technology will showcase the theme of "Upgrade to the Future" through its IIoT gateway debut along with smart factory condition monitoring system that consists of current VFD (Variable Frequency Drive), servo motor, and HMI (Human Machine Interface).