Việt Nam News

As Ninh Thuận Province is striving to become a national centre of renewable energy, local authorities, scientific and economic experts are optimistic about the province’s solar power plants and wind farms’ positive impact on socioeconomic progres

Some 15 VinMart+ convenience stores were simultaneously inaugurated in the southern coastal city of Vũng Tàu on December 24.

Việt Nam’s Politburo has appointed Trần Sỹ Thanh as the new chairman of Việt Nam National Oil and Gas Group (PetroVietnam) and Deputy Chairman of the Central Party Committee’s Economic Commission, starting December 24.

Bình Sơn Refining and Petrochemical Co Ltd (BSR), operator of Dung Quất Refinery, has targeted total revenue of nearly VNĐ78.4 trillion (US$3.44 billion), State budget contribution of some VNĐ8.33 trillion and profit-after-tax of more than VNĐ3.47 trillion in 2018.

Construction of a high-tech cattle feed processing factory kicked off on December 24 at the Phước Tiến Industrial Complex in Bác Ái District’s Phước Tiến Commune, southern Ninh Thuận Province.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has successfully reduced its non-performing loans (NPLs) ratio to 4.4 per cent after operating for a year under a Government-approved restructuring scheme.

Việt Nam National Coal and Minerals Group (Vinacomin) has targeted coal consumption of some 36 million tonnes in 2018, an increase of 2.5 million tonnes from this year, Đặng Thanh Hải, Vinacomin’s general director, said.

Việt Nam Posts and Telecommunications Group (VNPT) wants to sell all the assets of its finance subsidiary Post and Telecommunication Finance Company Limited (PTF) for at least VNĐ500 billion (US$21.9 million).

The State Bank of Việt Nam (SBV) has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tết (Lunar New Year) holiday, when there is high demand for cash transactions.

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector

A dramatic change in market trends and the "fourth" industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.

More than 100 enterprises are presenting fruits, vegetables and other farm produce to international and domestic customers at a market in Đà Lạt City, Lâm Đồng Province.

Việt Nam’s stock market is expected to rise further in the last week of 2017, boosted by positive macro economic development as well as support of foreign traders.

Contrary to pessimistic forecasts earlier in 2017, after a drop in 2016, the country’s rice exports had a successful year in 2017, with some higher-than-expected figures.

Việt Nam has remained an attractive destination for foreign investors in 2017 with total foreign direct investment (FDI) capital registered in the country hitting a record high of US$35.88 billion, up 44.4 per cent against last year.

Merger and acquisition (M&A) deals in Việt Nam's real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.

Since an agriculture insurance pilot programme began in 2011, it has come to play an important role in farmers’ financial lives, but still has many shortcomings, said Hoàng Quang Phòng, vice president of the Việt Nam Chamber of Commerce and Industry (VCCI) at a forum held in Hà Nội on Thursday.

Việt Nam’s foreign currency reserves are expected to reach US$47.5-48 billion by the end of this year thanks to the country’s stable macroeconomic conditions and strong influx.