Việt Nam News

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.

With banks tightening credit to the property sector the HCM City market is cooling off, traders said.

Vietnamese shares soared yesterday as strong buying boosted almost all local stocks following the market’s recent decline.

Many well-known consumer brands of the past are making a comeback in Việt Nam indicating a new-found confidence on the part of local companies to take on multinational rivals.

The Cửu Long (Mekong) Delta region have improved their rankings in the Provincial Competitiveness Index (PCI), the head of Việt Nam Chamber of Commerce and Industry (VCCI)’s legal department has said.

Việt Nam needs to simplify its visa applications and procedures for foreign companies to enter the country so the logistics industry can attract more foreign business partners, representatives of logistics companies have said.

The cashew sector needs to restructure to achieve sustainable development, the Ministry of Agriculture and Rural Development has said.

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.

No Vietnamese fishing boats have indulged in illegal fishing since the beginning of 2018.

The Ministry of Agriculture and Rural Development (MARD) has issued regulations on the use of national brand GẠO VIỆT NAM or VIETNAM RICE.

Hà Nội plans to promote auctions of land use rights from now until 2020 to make effective use of land funds and meet the increasing demand of businesses and people.

State Bank of Việt Nam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of US$63 billion.