Việt Nam News

The State Audit Office of Việt Nam has issued a decision to audit financial reporting and State-asset management at the Việt Nam Urban and Industrial Zone Development Investment Corporation (IDICO).

Việt Nam, the world’s No1 exporter of cashew products, expects to import an aditional 500,000 tonnes of nuts from now until October to meet its annual export target, according to the Việt Nam Cashew Association (Vinacas).

Hà Nội collected over VNĐ93.9 trillion (US$4.1 billion) in taxes during the first half of this year, completing 50.1 per cent of its annual target and 18 per cent higher compared with the same period in 2016, the municipal Tax Department reported yesterday.

Nearly 70 per cent of 2,600 surveyed small-and-medium sized enterprises (SMEs) had to seek loans on the black market as they were unable to access bank loans.

Việt Nam has good potential in farming swifts for their edible nests, but authorities should make zoning plans and regulations for the industry like they do for the husbandry industry to ensure its sustainable development, according to experts.

The Cửu Long (Mekong) Delta province of Bến Tre cannot compare with south-eastern provinces such as Bình Dương and Đồng Nai in terms of investment conditions or geographical advantages, but it has attracted investors by helping them every step of the way, the director of the province’s Department of Planning and Investment said.

The State Bank of Việt Nam (SBV) has cut several interest rates for the first time since 2014 in order to support business and boost economic growth.

The Ministry of Industry and Trade (MoIT) is consulting and seeking comments from relevant ministries and local authorities on the borrowing plan to expand Dung Quất Oil Refinery, online newspaper vneconomy.vn reported.

The Vietnam Steel Corporation (VNSTEEL) reported that the majority of steelmaking companies have managed to turn a profit in the first two quarter of 2017, despite some rough patches in March and Apirl.

The Aluminum-Bauxite Complex Project in Central Highlands' Lâm Đồng Province has started seeing profit, expecting to earn VNĐ1.2 trillion (US$52.6 million) per year, following three consecutive years of losses.

The northern province of Quảng Ninh attracted more than US$47 million in foreign direct investment (FDI) in the first six months of 2017.

The People’s Committee of Bà Rịa-Vũng Tàu Province last week held a meeting with relevant departments, agencies and localities on the handling of eight delayed tourism projects.

A derivatives market, which will start operations in August, is expected to draw more capital to the Vietnamese securities market for the rest of this year, experts told a seminar in HCM City last Saturday.

The VN-Index declined for the first time in the last six weeks due to heavy profit-taking pressure but market analysts expect the key index will rebound this week following the releases of the second-quarter business earnings.

The Business Startup Support Centre (BSSC) in HCM City jointly held a conference on startup culture with Hoa Sen University (HSU) and the International Vietnamese Academics Network (iVANet), aiming to facilitate sustainable entrepreneurship within universities and advocate favourable policies for startup creativity.

The Việt Nam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.