Việt Nam News

The Central Power Corporation (CPC) under the Vietnam Electricity (EVN) has paid nearly VNĐ1 billion (US$43,000) to buy solar power from 134 residential roof-top systems in the central and Central Highlands regions since 2018.

Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng on Monday instructed agencies to rapidly research and propose new policies to enable the expansion and diversification of lending and bank services with the aim of fighting loan sharks.

Việt Nam is among the top countries in attracting foreign direct investment in the Asia-Pacific region, but the rate of domestic small and medium-sized enterprises participating in the value chains of foreign-invested companies is rather low, according to the Investment and Trade Promotion Centre of HCM City.

The country’s fine art and handicraft exports experienced a significant increase of 50 per cent to reach US$45 million in May, according to statistics from the General Department of Customs. 

The Ministry of Industry and Trade (MoIT) will take the initiative in changing trade policies and collaborate with other ministries and localities to effectively support domestic enterprises to increase exports, it said.

HCM CITY will organise an auction to seek investors for the right to use nine land plots in the Thủ Thiêm new urban area in District 2.

The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 per cent against the end of 2018, the State Bank of Việt Nam (SBV) reported.

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Việt Nam will make it this year despite efforts made to improve market conditions.

An auction for leasing advertising space on HCM City buses will now be held between June 21 and July 18 following four previous unsuccessful attempts.

Vietnamese shares recovered yesterday from Monday’s sharp fall which sent stocks down to attractive prices, thus triggering investors to buy in.

Đà Nẵng will build a new terminal, T3, at its international airport with total investment of VNĐ9 trillion (US$391 million), increasing the airport’s capacity to 28 million passengers and 200,000 tonnes of cargo by 2030.

A week to promote thiều lychee from the northern province of Bắc Giang’s Lục Ngạn District will kick off at Hà Nội’s Exhibition Fair, Economic Transaction and Commercial Area from June 7-16.

The State Treasury of Việt Nam raised more than VNĐ11.9 trillion (nearly US$513 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in May, down 5 per cent against the previous month. 

Halal food is a promising export product for Vietnamese companies to pursue though they may face challenges.

Việt Nam raised its retail electricity prices in March after nearly two years without change, but this decision has received mixed responses from the public. Debates on the grounds for the price hike, transparency in tariff calculation and the change's impact on the whole economy have been taken up on the floor of the National Assembly’s hearings in recent days.

The Ministry of Industry and Trade has announced temporary anti-dumping duties on aluminum products originating from 17 Chinese producers.

Việt Nam earned US$662 million from rubber exports in the first five months of the year, a year-on-year increase of 2.4 per cent, according to the Ministry of Agriculture and Rural Development.