Việt Nam News

The European Investment Bank (EIB) will begin disbursing US$164 million in capital for urban railway constructions in Hà Nội and HCM City as part of efforts to cement the Việt Nam-EU partnership. EIB Vice President Jonathan Taylor speaks to Việt Nam News about the bank’s involvement in the country’s infrastructure development and future co-operation potentials.

Việt Nam’s pharmaceutical retail industry is forecast to see significant competition in 2018, with the entry of new players with strong financial capacity and experience in distribution.

Việt Nam’s fruit and vegetable exports reached a record $3.5 billion for year-on-year growth of 43.02 per cent, according to the Ministry of Agriculture and Rural Development.

Deputy Prime Minister Vương Đình Huệ asked ministries and sectors to work harder to officially connect Việt Nam with the ASEAN Single Window mechanism in 2018. 

Following the Government’s instruction to support domestic production and businesses, the Bank for Foreign Trade of Việt Nam (Vietcombank) on January 10 announced a cut in lending interest rates for enterprises operating in prioritised sectors.

The quality of E5 bio fuel in Việt Nam is ensured and meets international standards. All features, capacity and fuel consumption remain the same, and in some criteria E5 is better than RON 92, officials said.

Vietnamese shares finished Wednesday on a mixed note, hit by strong profit-taking. Energy shares continued to benefit from rising oil prices.

Vietnam Bank for Agriculture and Rural Development (Agribank) reported a pre-tax profit of more than VNĐ5 trillion (US$220 million) in 2017, posting an increase of 20 per cent against the previous year.

Việt Nam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15 per cent in 2016 to 10 per cent in 2017, reports from the State Bank of Việt Nam (SBV) showed.

Việt Nam has transformed from a steel-importing country to a producing nation, with the export of 300,000 tonnes of steel billets last year.

The southern city of Cần Thơ will take up a series of activities this year to strengthen cooperation with Japan and attract Japanese investors. 

The Việt Nam National Oil and Gas Group (PetroVietnam or PVN) is targeting an increase of its oil and gas reserves by 10-15 million tonnes in 2018. 

The household appliance industry in Việt Nam has great potential, but fierce competition is expected to occur among producers, distributors and retailers.

Hong Kong-based company Dragon Joy International Engineering is planning to invest in a steel rolling mill project and a solar power project in the southern province of Hậu Giang.

The Ministry of Finance is proposing to levy a special consumption tax of 10 per cent on sweet drinks to combat child - and adult - obesity rates, a problem worrying  Government and health experts. However, many business people disagree with the proposal.

Several listed companies on the two national stock exchanges have been punished for tax-related violations.They have paid penalties of  up to several million US dollars due to an alleged lack of understanding of the regulations.

Khải Đức Company, which owns Khaisilk brand, will be given stringent punishment for violation of norms and fraudulent trading.

The International Finance Corporation, a member of the World Bank Group, on Tuesday announced it will provide a loan worth US$15.3 million to DNP Water to expand the use of clean water among households in urban areas.