Electricity hike hits industry hard

Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20.

 

Market drops despite global rally

Shares reversed at the end of the session on Tuesday, dropping due to selling pressure weighing down many large-caps, in contrast to the rally of the global market.

PM askes Đà Nẵng, Quảng Nam to stabilise property markets

Prime Minister Nguyễn Xuân Phúc has asked the People’s Committees of Đà Nẵng and Quảng Nam to work with the Ministry of Natural Resources and Environment and the Ministry of Finance to devise measures to stabilise their real estate markets.

 

 

Việt Nam hit by 620 cyber attacks in Q1

Việt Nam suffered 620 cyber attacks in the first three months of this year, down by about 50 per cent compared with last year’s figure, according to a report by the Authority of Information Security (AIS) under the Ministry of Information and Communications.

Insurance industry growth surges 17% in Q1

Việt Nam’s insurance industry maintained positive growth in the first quarter of this year, with total premiums surging by 17 per cent year-on-year, according to reports from the General Statistics Office.

Retail sales rise on increased consumption demand in Q1

The total retail sales value of consumer goods and services was estimated to reach nearly 1.185 quadrillion (US$51.75 billion) in the first quarter of this year, according to the latest updates from the General Statistics Office.

Tax reform crucial for State budget sustainability

Taxes and duties are a very important source of State budget revenue and provide major finance for the Government’s socio-economic development programmes. In Việt Nam, tax revenue is starting to decline while expenditure continues to rise, threatening budget sustainability.

Fisheries sector urged to build brand

Deputy Prime Minister Trịnh Đình Dũng has urged the fisheries sector to build a brand with food safety and high quality for seafood products.

 

Costs cause seafood firms to sink

Rising production costs are harming the competitiveness of Vietnamese seafood products, according to experts. These include the prices of feed, material input, electricity and labour.

Exports help push up trade surplus in first quarter

Improved exports in March helped Việt Nam gain a trade surplus of US$536 million in the first quarter after running deficits in the first two months, the latest update from the General Statistics Office (GSO) revealed.

The flower trade is blooming tough

Despite being renowned for high quality flowers, Lâm Đồng Province still faces problems such as poor storage and lack of new, high quality seeds that hinder its ability to satisfy domestic demand.

NEWS FROM MEDIA-OUTREACH

E-paper