Việt Nam News

The Ministry of Finance has proposed an increase in the registration fees for pickup trucks and vans with carriage capacities of less than 1,500kg and fewer than five seats in order to ensure fairness for cars with fewer than nine seats.

The average export price of Vietnamese pepper fell by 62 per cent year-on-year in the first eight months of 2018 to around US$3,330 per tonne following a dip in the global market, according to the Ministry of Agriculture and Rural Development.

Việt Nam continued to lead the ASEAN Manufacturing Purchasing Managers Index (PMI) rankings in August, despite a slower improvement in its goods-producing sector, Nikkei’s IHS Markit reported on Tuesday.

Authorities in the central province of Hà Tĩnh have withdrawn the investment licences from six delayed projects in the Vũng Áng Economic Zone.

The Bank for Investment and Development of Việt Nam (BIDV) has recently issued 7-year and 12 year-bonds worth a total of VNĐ580 billion (US$24.68 million) to increase capital.

Việt Nam imported more than 8.6 million tonnes of oil and petroleum products worth US$5.71 billion in the first eight months of this year, a year-on-year increase of 26.4 per cent.

Việt Nam spent more than US$2 billion on importing cotton in the first eight months of 2018 – the biggest amount ever spent by the garment and textile sector.

Businesses will have to show certificates of conformity when they conduct customs procedures to import auto tyres into Việt Nam.

Many provinces and cities have licensed projects worth billions of US dollars through their investment forums this year. But experts say the key issue remains how to push these projects from the planning to the action stage.

Many listed companies have announced reviews of their financial statements for the first half of this year; as usual, the review reports reveal a discrepancy between the internal papers and reviews by auditing companies.

The VN-Index’s recovery is likely to face difficulties in the first half of September due to the restructuring of exchange-traded funds (ETFs) in the third quarter, but will still likely surpass the 1,000-point milestone in the second half.

The domestic cement industry achieved impressive results in exports over the first eight months of this year to reach the target for the whole year.

The Ministry of Investment and Planning has issued a warning against borrowing from the Official Development Assistance (ODA) source fearing the country could fall into an “ODA and preferential loan’s trap”. Whether ODA will be the "trap" of the economy in the medium and long term depends on our ability to change ourselves, economist Võ Trí Thành says.

The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year.

Supermarkets and shopping malls in HCM City have seen a surge in sales during the long National Day holidays this year.

More than $1.41 billion in foreign direct investment (FDI) was poured into the northern port city of Hải Phòng over the past eight months of this year -  a year-on-year increase of nearly 100 per cent, the city’s official portal reported.

The growth, higher than 8.2 per cent in the same period last year, was mainly fuelled by the crude oil production sector which significantly expanded by 510 per cent and 520 per cent in June and July, respectively compared to last year’s corresponding period.

Việt Nam’s total revenue from retail sales and services had strong growth in the first eight months of this year due to the strong increase in purchasing power of the domestic market, according to the General Statistics Office (GSO).