VN implements biggest mining project in Laos

The Lao Government and Việt Phương Group (VPG) from Việt Nam on Tuesday signed a contract for exploiting and processing bauxite ore and building an alumina factory in Laos’ Sekong province.

PVN asks for revision of oil law

The ongoing exploitation of petroleum resources in Việt Nam threatens to outpace exploration of new sites, which could lead to a drop in the country’s oil and gas output.

WB economist assesses FDI in Việt Nam

Soon after the National Assembly passed the Law on Foreign Investment in Việt Nam in 1987, the country started witnessing Foreign Direct Investment inflows which have made considerable contributions to the national economy. To mark the 30th year of Việt Nam’s FDI attraction, Vietnam News Agency talked to Sebastian Eckardt, lead economist at the World Bank Vietnam.

 

HCM City to host int’l pharma expo

More than 100 exhibitors from 25 countries and territories will showcase their latest products and technologies used in the medical, pharmaceutical and hospital industries at the 13th Pharmed & Healthcare Vietnam in HCM City next week.

Long term gain on the horizon

The Fourth Industrial Revolution, or Industry 4.0, has posed both opportunities and challenges on the countries of the Association of Southeast Asia Nations (ASEAN). Founder cum executive chairman of the World Economic Forum, Professor Klaus Schwab, speaks to Việt Nam News reporter Nguyễn Hoàng Sơn about pressures of the ongoing technological and scientific revolution.

Shares extend rally on large-caps

Shares continued to rise on the two local exchanges on Tuesday, fueled by the growth of several major large caps and climbing oil stocks.

Malibu MGM Hội An project begins

Indochina Hội An Beach Villas Company Limited, a subsidiary of Bamboo Capital Group, broke ground on September 10 for its Malibu MGM Hội An condotel and villa project.

Uber pays off tax debts

Uber B.V has completed the payment of its remaining tax debts and evasion penalties worth more than VNĐ53 billion (US$2.3 million), five months after the ride hailing company ceased operations in Việt Nam, according to a tax official.

Transport ministry draft to boost travel

The Ministry of Transport plans to open new routes for commercial flights from nations that send tourists to Việt Nam to develop tourism into one of the country’s main economic sectors.

Insurers’ total assets reach over $15 billion

Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 per cent year-on-year to nearly VNĐ365.52 trillion (US$15.55 billion), a report from the Ministry of Finance (MoF) showed.

VAMC plans to resolve $5.95b of bad debts by 2020

The Việt Nam Asset Management Company (VAMC) plans to resolve at least VNĐ140 trillion (US$5.95 billion) of non-performing loans (NPLs) from now until 2020, of which VNĐ34.5 trillion will be settled this year.

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