Việt Nam News

Electricity of Việt Nam (EVN) is not permitted to mobilise capital to invest in the real estate and finance sectors.

The US and Japan imported garments and textile products worth US$15 billion from Việt Nam in 2016, the Việt Nam Textile and Apparel Association (Vitas) has said.

The People’s Committee of the central Bình Định Province licensed an investment certificate to Japan-based Marubeni Lumber Co Ltd to invest in a project worth US$5 million during a ceremony held on Monday.

The Việt Nam Association of Seafood Exporters and Producers (VASEP) on Monday submitted a proposal to the government to renegotiate the high import duty on Vietnamese tuna products in Japan.

Chân Mây port in the central province of Thừa Thiên-Huế expects to receive 49 cruise ships and 113,000 tourists in 2017.

Việt Nam will have some 116 warehouses at the border gates with Laos and Cambodia by 2035, according to the Ministry of Industry and Trade.

The paucity of skilled IT (information technology) workers in the country was highlighted yesterday as the FPT Corporation opened its second software village, F-Ville 2, in Hà Nội.

Minister of Industry and Trade Trần Tuấn Anh has called on the Australian government to allow the import of prawns and uncooked shrimps again soon.

Investment funds are expected to perform better this year, following the successful 2016, on expectations that more individual investors will purchase their own investments, reported Đầu tư Chứng khoán (Securities Investment) newspaper.

Cuttlefish and octopus exports this year are expected to increase by four per cent from last year to reach US$470 million, according to the Việt Nam Association of Seafood Producers and Exporters (VASEP).

Shares advanced further on the two local exchanges yesterday, driven by energy stocks’ continuing rise by three consecutive sessions of positive crude trading.

Vietnamese tra fish exporters should see Asia as an answer to difficulties they are facing in markets like the US and the EU, experts and officials say.

The central city’s clean water supply (Dawaco) proposed to raise fund to build the Hòa Liên Water Plant rather than using non-refundable Official Development Assistance (ODA) funds from Japan.

The central province of Bình Định aims to attract 40 domestic projects and seven foreign projects with the total investment capital of US$510 million in 2017, according to the provincal Department of Planning and Investment.

The Ministry of Industry and Trade has submitted to the Government a draft decree declaring a State trade monopoly in 20 goods and services.

HCM City authorities have urged the city’s Department of Planning and Investment to propose solutions to achieve a Gross Regional Domestic Product (GRDP) of between 8.4 and 8.7 per cent this year.

The Vietnamese economy is expected to be steady with inflation remaining under control. In addition, the Government will continue to implement measures to improve the business and investment environment and support businesses.

Vietnamese insurance sector is predicted to gain a growth of 20 per cent this year thanks to changing in Government’s policies, experts have said.