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Vietnam to Punish Firms for Trade Fraud in China-Product Probe: Bloomberg

Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass U.S. tariffs.

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Vietnam has 138,100 new enterprises in 2019, record high figure

There were 138,100 newly-established firms with total registered-capital of VND1.730 trillion ($74.9 billion) nationwide in 2019, the highest figure recorded over the recent years, according to the General Statistics Office.

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Foreign reserves may hit $75 bln, 2.5 times higher than 2015’s figure

Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Vietnam Le Minh Hung said.