Việt Nam News

An oil and chemical tanker with a capacity of 6,500 tonnes was delivered to a company from the Republic of Korea (RoK) in the northern port city of Hải Phòng on Monday.

The State budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Việt Nam, making it more difficult for the Government to help the economy head towards growth, said Professor Trần Thọ Đạt, principal of the National Economics University (NEU).

Mapletree Investments on March 25 inaugurated its first Mapletree-developed serviced apartment in Việt Nam and unveiled the design for its grade A office twin towers, V Plaza.

Bình Sơn Refining and Petrochemical Co Ltd (BSR) contributed more than VNĐ11 trillion to the State budget in 2018, becoming one of the units under PetroVietnam with the largest contribution to the State budget.

Việt Nam’s total trade turnover reached US$100 billion between the start of the year and March 19, according to the General Department of Vietnam Customs.

Hải Phòng needs more than VNĐ3.5 trillion (US$147 million) to invest in developing logistics services in the northern port city over the next two years.

Cashew prices are low at present, according to the Việt Nam Cashew Association (Vinacas).

A wide range of products and services related to heating, ventilation, air-conditioning, air filtration and purification, and refrigeration from more than 250 Vietnamese and international companies and brands are on display at an exhibition that opened in HCM City on March 25.

Vietnamese shares tumbled on Monday as a sell-off hit local assets on worries over a potential global economic crisis.

Australia’s Macquarie Capital will soon invest in large-scale clean and renewable energy projects in Việt Nam, said its Chairman and Executive Director John Walker.

The Ministry of Finance (MoF) has asked the Vietnam Oil and Gas Group (PVN) to focus on accelerating its divestment in enterprises operating in sensitive sectors.

Hà Nội Trade Corporation (Hapro) is planning to transfer 420,000 shares in Chu Đậu Ceramic JSC to BRG Group JSC.

Việt Nam posted a trade deficit of US$5.2 billion with China in the first two months of this year, according to the General Department of Customs.

The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.

With trade protectionism increasing, Vietnamese companies should prepare for trade-related lawsuits and disputes but also capitalise on possible opportunities from the ongoing US-China trade war, a top trade remedy official has said.

Foreign and domestic investment has led to an annual growth rate of 10 per cent for the food processing industry sector in recent years

Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system.

In 2019 the State Bank of Việt Nam has set a credit growth target for the banking sector of 14 per cent, lower than the rates of 18 per cent in 2017 and 17 per cent in 2018.