Việt Nam News

Banks participating in auctions of Government bonds will be under obligation to buy a minimum of VNĐ4.5 trillion (US$200.9 million) in total from November 1, 2016 to October 31, 2017.

Many sectors have built long-term development plans but after a period of implementing those plans, they must adjust them to be suitable with reality.

Rubber exports are expected to reach 1.2-1.25 million tonnes of this year, a year-on-year increase of 5.5-10 per cent, according to the Việt Nam Rubber Association.

Exports revenues from the two plants of Samsung Electronics Việt Nam (SEV) in Bắc Ninh Province and Samsung Electronics Việt Nam – Thái Nguyên (SEVT) in Thái Nguyên Province were estimated to reach US$35 billion this year, posting a 7 per cent year-on-year increase despite the impact from this year’s Note 7 incident.

Prime Minister Nguyễn Xuân Phúc has decided to set up a steering committee that will resolve the problems with 12 huge projects under the Ministry of Industry and Trade.

A digital economy is an inevitable step for development as the traditional economy is being saturated, said Nguyễn Thành Hưng, deputy minister of information and communications at the 2016 Internet Day event in Hà Nội.

Imports of meat products into the Vietnamese market had always been common practise and in accordance with world regulations. However, it could still be affecting the domestic price and market stability if not taken under full control, said Hoàng Thanh Vân, Director of the Department of Livestock (DoL), Ministry of Agriculture and Rural Development (MARD) yesterday.

FPT Corporation, Việt Nam’s largest information and technology (IT) group, will conclude the selling of its retail unit FPT Shop next year, ICTnews reported yesterday.

Shares rebounded yesterday on the two national stock exchanges on stronger investor confidence, boosted by return of foreign buys.

The finance ministry has announced that people who own a house will not have to pay tax for the second house they buy in 2017.

The State Bank set the reference VND/USD exchange rate at VND22,154 VND per US dollar on December 21, up VND6 from the day before.

Authorities in the Mekong Delta city of Cần Thơ on December 20 granted an investment certificate to the China Everbright International Company to build a US$47 million waste-to-energy plant.

Hòa Lạc Hi-tech Park granted investment licences to nine projects worth a total of US$200 million in 2016, bringing the number of licensed projects up to 78 worth $3 billion combined.

Representatives of international credit and finance organisations praised Việt Nam’s monetary policy and efforts to help the nation maintain macro-economic stability this year.

A group of engineers from Gamota JSC won the US$80,000 FbStart award, creating a social network management application that came out the victor at the Facebook Hackathon contest.

Vietnamese exporters must understand and take advantage of the regulations on the origin of goods in dealing with the Republic of Korea’s (RoK) market, said Trần Minh Trang, Deputy Head of Origin of Goods Division of the Ministry of Industry and Trade (MoIT).

The upcoming free trade agreement between Việt Nam and the European Union (EVFTA) will open new opportunities for Viet Nam to access modern technologies and learn management skills, Deputy Industry and Trade Minister Trần Quốc Khánh said at a conference in Ha Noi yesterday.

Shares slipped further yesterday on the HCM Stock Exchange, driven by steep declines of Vinamilk (VNM) and Sabeco (SAB), the two largest listed stocks.