VN to supply rice to the Philippines

Việt Nam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes.

MoF floats securities streamlining

The Ministry of Finance (MoF) has proposed slashing 38 business conditions and simplifying 40 administrative procedures in the securities sector in its law review this year.

Produce exports to top $4b this year

Việt Nam’s fruit and vegetable exports reached US$1.32 billion in the first four months of the year, a year-on-year increase of 30 per cent, according to the Ministry of Agriculture and Rural Development.

Market to see correction on fears of bull trap

Market is expected to continue to experience a downward corrections this week as investors are still cautious ahead of bull traps with massive volatile upcoming trading sessions.

 

$4 billion power plant to be built in Bạc Liêu

The 100ha plant, which has a total designed capacity of 3,200 MW, will be implemented in three phases. The first phase will be launched in 2018 and will start operation in late 2021 with a capacity of 1,000MW. The second and third phases will be completed in 2024 and 2027, with capacities of 1,000 and 1,200 MW, respectively.

 

ACV to gain $701m in revenue this year

Airports Corporation of Việt Nam (ACV) plans to gain a revenue of more than VNĐ16 trillion (US$701.75 million) and a profit of over VNĐ5.6 trillion this year.

Shares rebound on blue-chips

Shares rebounded yesterday as large-cap stocks returned to positive territory following the index’s two-day decline.

HCMC measures aid supporting industries

HCM City’s Export Processing and Industrial Zones Authority (HEPZA) is working to add more land for supporting industries, according to the city’s Department of Industry and Trade’s Centre for Supporting Industry Development.

 

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.

Data flows remain unopened

Việt Nam has many opportunities to develop a digital economy, but the country's legal framework on cross-border data flows is still "unopened".

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