Việt Nam News

Both domestic steel production and sales fell in January due to low demand on the occasion of the seven-day lunar New Year holiday (Tết).

The State Bank of Việt Nam withdrew a large amount of money worth VNĐ177 trillion (US$7.79 billion) via the open market operation and the issue of Treasury bills in the past week.

Although Việt Nam’s exports to China in the first month of 2017 surged nearly 40 per cent, trade deficit with the Chinese market remained high at US$2.45 billion.

Việt Nam National Chemical Group (Vinachem) has proposed to the Prime Minister to delay the equitisation of  the losing Ninh Bình Nitrogenous Fertiliser Plant until it generates profits again in order to ensure effective restructuring.

The management companies of Bình Điền, Thủ Đức and Hóc Môn wholesale markets have asked HCM City authorities to adjust their “very outdated” management fees as they have had to compensate for losses.

Prime Minister Nguyễn Xuân Phúc has approved investment of Lotus Cam Ranh Golf Course project in the south-central province of Khánh Hòa.

The Government plans to provide wide-ranging assistance to the domestic supporting industry so that they can increase supplies of parts and components to both local and foreign firms and better participate in the global production chain.

Businesses complained at a Ha Noi conference Monday about the decision to charge high fees for using infrastructure, service facilities and public utilities at all ports in Hải Phòng City.

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

More than 60 per cent of Japanese firms with operation in Việt Nam had intentions of expanding business in the Southeast Asian country, cashing on the improved investment climate, a survey by Japan External Trade Organisation (Jetro) has revealed.

The number of cars of nine seats and less imported from Thailand and Indonesia soared in January, sparking fierce competition between importers and local automakers.

The VN Index on the HCM Stock Exchange struggled to rise for a third day as investors tried offloading their stakes in large-cap stocks and shifted focus to penny and mid-cap shares.

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.