Việt Nam News

Around 130 companies are showcasing their products at the Tôn Vinh Hàng Việt (Honouring Vietnamese goods) fair that opened in HCM City yesterday.

Việt Nam’s garment and textile revenue increased for the first half of this year but experts said the growth has not yet become sustainable.

The benchmark VN-Index surpassed the short-term resistance of 780 points on Thursday, closing up 0.56 per cent at 782.65 points, thanks to strong investor confidence in the market outlook.

The total loans of the banking system are expected to grow by 16.33 per cent in 2017 against December last year, lower than the Government’s limit of 18 per cent.

The Asian market is expected to consume some 50 per cent of Việt Nam’s total rice exports, followed by African and Middle Eastern countries at 25 per cent and five per cent, respectively, the European market at six per cent and the American and Oceania markets at nearly 14 per cent.

Mekong Delta’s Kiên Giang Province earned US$170 million from exports in the first six months of this year, accounting for 42 per cent of the annual target and up 2.6 per cent from the same period last year.

Vietnam M&A forum 2017, an annual event of mergers and acquisitions for companies and investors from Việt Nam and other countries, will take place at GEM Conference Centre in HCM City on August 10.

Under the joint decision by the ministries, RON 92 and E5 petrol is sold at a maximum prices of VNĐ16,069 (71 US cents) and VNĐ15,918 VND (70 US cents) per litre respectively

Along with owners of State invested firms, the Ministry of Finance (MoF) will also participate in decision-making on dividend payout at firms to better manage State assets.

Vietnamese mobile service operators are racing to reduce the charges for roaming services after the Ministry of Information and Communications allowed mobile operators to negotiate with foreign partners about international roaming services since June 1.

Deputy Prime Minister Vương Đình Huệ has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.

Prime Minister Nguyễn Xuân Phúc has promulgated Decision 24/2017/QĐ-TTg to allow the Electricity of Việt Nam (EVN) to raise the average retail price of electricity by 3 per cent to less than 5 per cent without asking permission from the Ministry of Industry and Trade (MoIT). Nguyễn Anh Tuấn, director of the Electricity Regulatory Authority of Việt Nam (ERAV) told media about issues relating to the decision.

Deputy minister Vương Đình Huệ has asked the financial sector to do its best to fullfil the mission on budget collection as set out by the National Assembly, which was projected to increase from 5 to 8 per cent for the year of 2017.

Customs officials at all airports and seaports in the country will strengthen supervision and inspection of all goods, luggage and cargo transported via the ports, an official said.

Vietnamese companies exporting seafood to Japan need to carefully study the latter’s food safety and hygiene regulations to boost exports, a seminar heard in HCM City yesterday.

Shares bounced back on Wednesday along with recovery of large-cap stocks on strong capital inflows.

Authorities in the central province of Quảng Nam have asked the Government to reduce the import tax on auto parts and components for locally-assembled vehicles at the earliest.

The Australia Anti-Dumping Commission (ADC) concluded that it would stop investigations and not to impose countervailing duty on aluminium extrusions imported from Việt Nam, according to the Việt Nam Competition Authority (VCA) on Tuesday.