Deputy PM signs no-cash policy

Deputy Prime Minister Vương Đình Huệ has signed a policy decision encouraging cash-free transactions in Việt Nam in order to reduce the number of cash-based deals, improve overall electronic payment methods and control tax evasion.

Local goods should have global market: President

Vietnamese enterprises should strive to promote Vietnamese products in the global market and improve their share in the home market, President Trần Đại Quang said on Saturday at a meeting with 115 businessmen in Hà Nội. 

HSG targets $1b in revenue in 2016-17

Giant steel maker Hoa Sen Group (HSG) targets revenues of VNĐ23 trillion (US$1 billion) for the fiscal year 2016-17, HSG announced at its annual shareholders’ meeting, in HCM City late last week.

Short-term resistance ahead

The benchmark VN-Index will soon face resistance at 680 to 690 points, as short-term profit-taking activities are forecast to intensify early this week.

Budget revenue surpasses target

State budget revenues surpassed the yearly target to hit VNĐ1.1 quadrillion (US$48.4 billion) as of December 31, 2016, up 7.8 per cent or VNĐ79.6 trillion higher than the target.

Tây Ninh plans higher farmer income

By developing an agricultural value chain, the southern province of Tây Ninh expects to raise its agricultural GDP and average farmer income per year from the current figures of US$3 billion and $1,500 to $8 billion and $5,000, respectively, after five years.

VN targets $7.1b seafood exports this year

The Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) has set a goal of US$7.1 billion in seafood export revenues this year, about the same as the 2016 exports.

Industry told to rely less on fleeting strengths

Prime Minister Nguyễn Xuân Phúc has called for reduced dependence on “unsustainable advantages and natural resources” and greater reliance on creativity, science and technology to boost industrial growth.

City shares led forwards by banks

Shares rose for a fourth consecutive session on the HCM Stock Exchange on Friday but profit-taking selling increased which may disrupt the uptrend next week.

Đà Lạt to open flower trading centre

Đà Lạt City in Central Highlands’ Lâm Đồng Province is working with Japanese OTA Floriculture Auction Limited Company and local agencies to establish a flower trading centre in the city.

Gov’t urges developers to balance supply, demand

Deputy Prime Minister Trịnh Đình Dũng asked the construction industry to tighten management towards to property developments to prevent imbalance in supply and demand which might trigger a market bubble.

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