Despite having increased at a relatively fast pace in recent years, Việt Nam’s labour productivity remained in the lowest group in East Asia with scores in backbone sectors of the economy even falling behind Cambodia, a report found on Tuesday.

PetroVietnam Power Corporation (PV Power) recorded a post-tax profit of VNĐ780 billion (US$34.2 million) in the first quarter of this year.

Vietnamese shares ended Tuesday on a negative note as investors tried to take profit from the market’s previous strong gains made in the first trading session of the week.

Ten out of 12 loss-making projects under the management of the Ministry of Industry and Trade (MoIT) have continued falling in the negative numbers, the ministry’s report said.

Việt Nam’s Ministry of Finance and the Kuwait Fund have signed an agreement worth about US$13.3 million for a multi-objective rural development project in Xín Mần District, in northern Hà Giang Province.

 The country’s cement consumption in the first four months of the year posted a year-on-year increase of 13 per cent to reach 29.83 million tonnes.

Singapore’s Gemadept and Sao Đỏ Group put Nam Đình Vũ Port’s first stage into operation in Nam Đình Vũ Industrial Park on May 7.

State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018.

The State Audit of Việt Nam (SAV) has proposed the Hà Nội Beer Alcohol and Beverage JSC (Habeco) pay the State budget VNĐ1.85 trillion (US$81 million) in tax liabilities.