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Update news MoIT
VietNamNet Bridge - Economists and representatives of Vietnamese automobile enterprises believe the threatened departure of foreign automobile manufacturers would not be a problem for Vietnam.
A number of seafood companies have been dissolved or have halted operation, while trade barriers from import countries are expected to.pose challenges to Vietnam’s fishery sector.
VietNamNet Bridge - While the world strives to use more clean energy, Vietnam focuses on developing coal thermal power.
VietNamNet Bridge - Vietnam was the second fastest growing car market in the world in 2016, with imports favored by most Vietnamese buyers.
VietNamNet Bridge - The tariff cuts applied to imports from ASEAN and the luxury tax based on cylinder capacity are expected to encourage the import of more low-cost models.
VietNamNet Bridge – Minister of Industry and Trade (MoIT) Tran Tuan Anh said the ministry planned to establish a trade defence department to safeguard the interests of businesses in the context of global integration.
Samsung Display Vietnam (SDV) has expressed its willingness to invest $2.5 billion more in Bac Ninh province, thus raising total investment scale of the project in the locality to $6.5 billion.
VietNamNet Bridge - In Vietnam, most of the mineral reserves have not had received assessments on economic efficiency, or have had vague assessments.
Projects incurring losses of trillions of dong, personnel scandals and multi-level marketing firms swindling customers were the top issues dominating 2016 for the Ministry of Industry and Trade (MOIT).
VietNamNet Bridge - Vietnam’s GDP has increased by 5.5 times in the last 15 years, while the trade deficit with China has increased by 171 times.
VietNamNet Bridge - The Ministry of Industry and Trade’s (MOIT) plan to spend VND7 trillion to resume exploitation at Thach Khe ore mine has faced opposition from scientists.
VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) is encouraging the development of steel complexes in coastal areas where there are deep water ports and plentiful land.
As MOIT insists on developing steel projects, saying there will be a shortage of steel in the future, NA deputies say the ministry has to take responsibility for figures released in the steel industry development strategy.
VietNamNet Bridge - To deal with the unprofitable Dung Quat shipyard, MOIT believes that declaring bankruptcy is the most feasible solution.
VietNamNet Bridge - The figures to which the agriculture ministry (MARD) has been using while drafting the sugar industry's development strategy are not sufficiently reliable.
With the third largest population in SE Asia and 70 percent of people of working age, Vietnam has high potential for fast-moving consumer goods (FMCG) manufacturers.
Shortly after the $22 billion petrochemistry & oil refinery project in Binh Dinh province was withdrawn by local authorities because of delay, another project in Can Tho has been stopped for the same reason.
VietNamNet Bridge - Fashion products are the most easily sold online items in Vietnam, followed by high-tech products and mobile phones.
VietNamNet Bridge - Investors say they are reluctant to pour money into solar power projects as the selling prices for electricity remain unknown.
Five projects all funded by the state - the Dinh Vu fiber plant, Dung Quat ethanol plant, the expanded Thai Nguyen steel mill, Phuong Nam Pulp and Ninh Binh Fertilizer – have incurred huge losses.