News

Vietnam’s car finance market is projected to reach more than VND135 trillion (US$5.87 billion) credit disbursed by the end of 2023 thanks to stronger purchasing power of middle class, lower interest rates, and improved transport infrastructure.

The Vietnamese government sets to promote the growth of foreign direct investment (FDI) firms, considering it an important driver to deal with the country’s economic slowdown.

Nearly 56% of foreign firms plan to expand their operations in Vietnam, a healthy level, but also a slight decrease from the apex of 60% last year, according to the latest survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam’s total outbound investment in the first three months of the year reached an estimated US$120 million, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The Vietnamese government should ensure all stakeholders reap benefits from the public private partnership (PPP) as the country is seeking to revamp its legal framework to lure funds into much-needed infrastructure, according to a World Bank (WB) official.

The Hanoitimes - The project is designed to have an annual capacity of two million tons of olefins, polyetylen, and ploypropylen.

The Vietnamese market advanced on Monday morning thanks to strong gains by large caps.

The Hanoitimes - The finance ministry`s proposal is part of the government’s efforts to encourage business households to formalize and become enterprises.

The Hanoitimes - The country`s trade turnover reached US$116.49 billion in the first three months of 2018.