Investment

The number of newly established enterprises reached nearly 54,000 in the first five months of 2019, which is the highest figure in the last five years, according to the Statistics Office.

After the first pigs detected with African swine fever (ASF) at a household in the Ninh Khang commune, Hoa Lu district, Ninh Binh on March. Now, ASF is spreading 7 out of 8 districts in the province.

Foreign direct investment (FDI) pledges to Vietnam in the first five months of 2019 reached US$16.74 billion, the highest figure in the last four years, according to the Foreign Investment Agency (FIA).

Despite huge reductions in the price of motor vehicles, car dealerships said sales have been unexpectedly slow in recent weeks.

The Government has recently issued Decree 40 to guide the Law on environmental protection especially to amend and supplement regulations on scrap imports for production materials.

Vietnamese tra fish, a major foreign currency earner, has gradually won the trust of Japanese consumers as seen in the market's emergence as one of the 10 biggest tra fish importers of Vietnam.

The northern province of Ninh Binh was ranked 29th in the 2018 Provincial Competitiveness Index (PCI), scoring 63.55 points, as announced by the Vietnam Chamber of Commerce and Industry (VCCI).

Vietnam's garment and textile sector is set to expand its market share globally, taking advantage of free trade agreements (FTAs) to become "a manufacturer of the world's established brands", a trade and investment official has said.

The northern province of Ninh Binh recored an industrial production index growth of 21.4 percent in the first quarter of 2019, according a report released by the Department of Industry and Trade.

Vietnam maintained a trade surplus of US$711 million in the first four months of this year, much lower than US$3.7 billion recorded in the same period in 2018.

Export turnover of agricultural, forestry and fishery products is expected to hit USD3.5 billion in April 2019, bringing the total figure for the first four months of the year to USD12.4 billion.

The Ministry of Transport has approved a 1.95 trillion VND (83.85 million USD) project on upgrading weak bridges along the railway connecting Hanoi to Ho Chi Minh City.

Vietnam has so far invested in 190 projects worth nearly 2.9 billion USD in Cambodia, according to the Saigon Giai phong (Liberated Saigon) newspaper.

The Vietnamese economy expanded 6.79% in the first quarter of 2019, the General Statistics Office (GSO) announced on March 29.

Industrial production of Ninh Binh province reached 14,4 trillion VND in the first quarter of 2019, representing a year-on-year increase of 21.4 percent, according to the Department of Statistics Office.

The Asian Development Bank (ADB) has forecast Vietnam's economy to grow by 6.8% in 2019 and 6.7% in 2020, according to its latest report released on April 2.

The Viet Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) have jointly released the latest Provincial Competitiveness Index (PCI) Report which measures improvements of local-level business environment in 2018.

Sea-based economic sectors contribute 10% of Vietnam's gross domestic product (GDP), according to the Ministry of Natural Resources and Environment.

After a two-month trade deficit, the economy is expected to witness high export turnover this year thanks to buoyancy in export-oriented manufacturing fuelled by multilateral trade pacts.