Industry and Trade sector’s top 10 achievements in 2016

08:19 | 26/01/2017 Events

(VEN) - The industry and trade sector received the Order of Ho Chi Minh on the occasion of the 65th anniversary of its establishment: May 14, 2016.  

1. The industry and trade sector received the Order of Ho Chi Minh on the occasion of the 65th anniversary of its establishment: May 14, 2016.

2. The Ordinance on Market Management was promulgated.

3. The FTA between Vietnam and the Eurasian Economic Union took effect, opening big export and investment opportunities for Vietnam.

4. The Tam Dao 05 jack-up rig manufactured in Vietnam was put into operation on schedule.

5. The Lai Chau Hydropower Plant was inaugurated one year ahead of schedule.

6. The Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco) and the Hanoi Beer-Alcohol-Beverage Joint Stock Corporation (Habeco) listed their shares on the Vietnam stock exchanges.

7. The year 2016 saw the industry and trade sector’s great efforts to achieve its targets.

Total retail sales of goods and revenue from consumer services grew 10.19 percent; exports were up 8.6 percent; a trade surplus of US$2.68 billion was recorded; and the index of industrial production increased by 7.4 percent.

8. A breakthrough in administrative reform: The Ministry of Industry and Trade’s online public service portal, moit.gov.vn, has been put into operation; many administrative procedures have been scrapped or simplified.

9. Personnel and organizational restructuring was promoted in response to problems identified by the Central Commission of Inspection.

10. The Ministry of Industry and Trade issued Instruction 11/CT-BCT aimed at strengthening environmental protection in the industry and trade sector.

VIETNAM ECONOMIC NEWS