The State Bank of Việt Nam (SBV) has resumed the purchase of US dollars from commercial banks after a six month break thanks to favourable conditions in the country’s foreign exchange market.

The Ministry of Industry and Trade (MoIT) has sent a document to Prime Minister Nguyễn Xuân Phúc following PetroVietnam’s proposal to use VNĐ2.5 trillion (US$107.7 million) from its provision cost to complete the much-delayed Thái Bình 2 plant.

Hòa Phát Group, the largest steel maker in the country, exported 240,000 tonnes of steel last year, a year-on-year increase of 50.97 per cent, the group said on January 7.

Issuance value of corporate bonds in Việt Nam reached a five-year high of VNĐ39.45 trillion (US$1.7 billion) in 2018, data from Bảo Việt Securities Co (BVSC) showed.

The State Bank of Việt Nam (SBV) issued a new circular requiring commercial banks to regularly update customers on the theft of money from ATMs, ensuring smooth ATM operations and preventing card crime.

The Tax Department of HCM City has decided to suspend its decision to collect VNĐ3.14 trillion (US$134.8 million) from Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) for the company’s special sales violations tax.

Four domestic carriers, Vietnam Airlines, Vietjet, Jetstar Pacific and the Việt Nam Air Services Company (VASCO), reported a total of 39,632 delayed flights in 2018, representing 13.4 per cent of their flights – a year-on-year increase of one percentage point.

Natural rubber export prices have been falling since the second half of 2017, which has led to revised business plans for 2019.

Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VNĐ30 million (US$1,280) per day for international credit and debit cards from early this year to meet a central bank regulation.