Việt Nam News

The Ministry of Finance (MoF) said the ministries and localities supported its proposal to raise environmental protection tax on oil and petroleum products.

Amata VN Public Company Limited, a subsidiary of Thailand-based Amata Corporation PCL, has received a licence to develop the first phase of the US$1.6 billion industrial and urban project in the northern province of Quảng Ninh, around 150 km from the capital Hà Nội.

The central city and Việt Nam Bank for Industry and Trade (Vietinbank) inked an agreement on online payment service in the city’s e-Government system (egov.danang.gov.vn) on Tuesday, marking further progress towards promoting cashless transactions in the community.

The Hà Nội Stock Exchange held 11 auctions of government bonds (G-bonds) in March, mobilising more than VNĐ11 trillion (US$482.9 million) for the State budget.

Around 300 local enterprises are taking part in the Vietnamese High-Quality Products Fair that opened on April 3 in HCM City.

The municipal People’s Committee chairman Nguyễn Văn Tùng attributed this positive result to the city’s ongoing efforts to foster administrative reforms, improve its investment climate, accelerate investment promotion and resolve difficulties for investors in implementing their projects here.

The US Department of Commerce (DOC) last week announced the initiation of anti-dumping and countervailing duty investigations into the import of laminated woven sacks (LWSs) from Việt Nam.

Audio Visual Global (AVG) has paid VNĐ2.5 trillion (US$109.5 million) to MobiFone, a State-owned business under management of the Ministry of Information and Communication, after the two sides cancelled the mutual share transfer agreement on March 12.

The money supply in the economy, as of March 20, increased 3.23 per cent against the end of 2017, the highest in four years, according to the General Statistics Office.

Petrolimex Group Commercial Joint Stock Bank (PGBank) will hold a shareholders’ meeting on April 21 to discuss its restructuring plan.

Tiên Phong Commercial Joint Stock Bank (TPBank) has announced that 555 million of its shares will debut on HCM Stock Exchange (HoSE) on April 19 with code TPB.

A recent proposal by the Ministry of Finance to clear over VNĐ26.5 trillion (US$1.16 billion) of tax arrears, accounting for more than a third of all tax arrears and irrecoverable fines, has raised public concern about the fairness and transparency of handling tax debts.

Việt Nam exported 520,000 tonnes of coffee worth US$1 billion in the first quarter of the year, an increase of 15.1 per cent in volume but a decrease of 1.7 per cent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

The VN Index, Việt Nam’s benchmark stock index, grew 19.33 per cent in the first three months of this year, becoming the best-performing market in the world, followed by Egypt with 15.52 per cent growth and Brazil with 11.73 per cent.

The General Statistics Office (GSO) has began carrying out a general census of businesses nationwide on April 1 to take stock of the real situation in corporate development.

Việt Nam’s total revenue from retail trade and services rose 10 per cent year-on-year to exceed VNĐ1 quadrillion (US$46.57 billion) in the first quarter of this year, according to the General Statistics Office (GSO).

The People’s Committee of the southern Province of Trà Vinh has allocated more than VNĐ2.66 trillion (US$117.7 million) to support small and medium sized enterprises (SMEs).

After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.