The Ministry of Construction (MOC) and the State Bank of Vietnam (SBV) proposed several suggestions to control the capital efficiency in the real estate market, the local online newspaper VnEconomy.vn reported. Specifically, MOC and the central bank recommended: (1) Strictly following the Government’s requirements, reducing the growth and proportion of property loans according to a [...]
Woodwork At 2.364 billion US dollars in 2007, woodwork quota ranked fifth among export products, making up 4.89% of Vietnam’s total export quota. Its annual increase of 38.1 % during the period 2001 – 2005 is relatively high with the main products being household equipments like tables, chairs, and specially exterior equipments. The largest markets [...]
Aquaculture Vietnam’s aquaculture has prospered since the 1990s and earned even bigger reputation in recent years. Aquaculture export currently ranks fourth in export quota, making up 7.84% of the country’s total export quota. The main aquaculture products for export include prawns, sea fish (tuna), brackish fish (“tra†and “basa†catfish), octopus, cattle fish, and dried [...]
Textile Currently ranking second after crude oil as Vietnam’s main export product, textile will soon become the most successful one thanks to its rapid development. At 7.784 billion US dollars, its export quota made up 16.09% of the country’s total export quota in 2007. Customers of Vietnam’s textile consist of 170 countries and regions, the [...]
Crude oil As Vietnam’s most important export product, crude oil brought about 8.447 billion US dollars for 15.1 million tons exported last year, or about 17.46% of the total export quota. Crude oil is exploited mostly from Cuu Long sedimentary basin in the continental shelf of Vietnam. The country’s crude oil is known to have [...]
Since its implementation of the open door policy in 1986, the government of Vietnam has been encouraging foreign investment by creating a favorable legal environment (Foreign Investment Law 1988) and infrastructure. The country’s first export processing zone came out in 1991. Since then, a series of industrial, export processing, hi-tech and economical zones have been [...]
Geographic location and territorial shape of Vietnam has profound impact on the formation and development of the country’s transport and communication system. Beside certain advantages, its current infrastructure is rather limited, which requires proper investment. Road Vietnam’s total length of roads is 220,000km including 17,300 km of over 90 national highways, 21,760 km of provincial [...]
Post The public post network is set up, managed and developed under the strategy, scheme and plan approved by the authorized State agency. The network includes major centers, post-offices, service outlets, and public post-boxes connected with each other through mail lines. Statistics show that currently Vietnam has about 3,000 permanent post units managed by post [...]
Finance – Banking Vietnam banking system has been increased both in scale and quantity over the last few years. The number of banks has increased from 9 (including 4 state commercial banks, 4 joint stock commercial banks and one joint-venture bank) in 1991 to 80 (including 5 state commercial banks, 37 joint stock commercial banks, [...]
Vietnam’s electricity system develops in the direction of exploiting specific resources typical in each region. With hydroelectricity available across the country, it has supplied the greatest amount of electricity since the end of the 1980s. Thermal electricity use coal to supply the North with coverage capacity. Thermal power plants using offshore gas have been built [...]
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