Việt Nam News

The price of several kinds of lumber in Việt Nam had gone up due to scarcity created by unexpected Chinese purchases, creating pressure on the domestic wood business and Việt Nam’s wood industry.

Commercial banks in HCM City saw record credit growth of 18 per cent in 2016, according to the State Bank of Việt Nam (SBV).

The Tiên Sa Port in Đà Nẵng welcomed the Panamanian-flagged Bundi Ipasa on Sunday, the first cargo ship to dock in the biggest port in central Viet Nam this year.

Despite many difficulties, the production value of HCM City’s agro-forestry and fishery sectors increased by 5.8 per cent last year, reaching VNĐ19.59 trillion (US$859.5 million), according to the city Department of Agriculture and Rural Development.

The Viet Nam Information Technology Press Club this week issued a list of the top ten domestic information and communication technology (ICT) events of 2016.

Industrial zones in HCM City hope to attract investments worth US$500 million next year, according to the HCM City Export Processing and Industrial Zones Authority.

Việt Nam’s index of industrial production (IIP) rose by 7.5 per cent this year, much lower than the 9.8 per cent growth seen in 2015.

Shares ended the last trading session of the year yestterday on a positive note on both local bourses, driven by increasing demand for large-cap stocks during the closing period of the day.

Russia and Việt Nam’s oil and gas exploration joint venture Vietsovpetro has exploited five million tonnes of crude oil in 2016.

The Department of Price Management will seek to improve market analysis and forecast in oder to implement appropriate policies and control inflation at 4 per cent, as set by the National Assembly for 2017, Deputy Minister of Finance Trần Văn Hiếu said.

The State Bank of Việt Nam (SBV) has reaffirmed its determination to pursue a proactive and flexible monetary policy in 2017.

Việt Nam gained trade surplus of US$2.68 billion for this entire year, the General Department of Customs has reported.

The year’s biggest petrol price hike of nearly VNĐ1,000 (4.5 cents) early last week, coupled with unfavourable weather conditions, have triggered worries of price hikes of transportation and goods ahead of the Lunar New Year celebration (Tết).

The Cửu Long (Mekong) Delta in recent years has emerged as an attractive investment destination, but due to a lack of information, the region has failed to attract enough foreign investment, especially in high-tech agriculture. Bồ Xuân Hiệp reports.

The HCM City Department of Science and Technology on Wednesday (December 28) launched a programme to support the start-up eco-system and innovation in 2016-20.

Sugar producers, distributors and consumers discussed production and consumption in 2015-16 and forecasts for the next season at a seminar in HCM City yesterday (Thursday).

Shares advanced on both local exchanges yesterday, driven by dairy producer Vinamilk, and market liquidity remained moderate.

Eight startups received awards in five categories at the 2016 Start-up Festival in Hà Nội yesterday. The categories were Startup of the Year; Women’s Startup, Bluebird IT Startup, Potential Startup and Most Favoured Startup.