Priority sectors need preferential credit: PM

Credit should be given to priority areas, especially high-tech agriculture, export, small and medium-sized enterprises (SMEs), and start-ups in order to complete the 2017 socio-economic development plan, Prime Minister Nguyễn Xuân Phúc said at the regular Cabinet meeting in Hà Nội yesterday.

VSSA urges the Government to adjust price of bagasse-produced power

As Vietnamese sugar mills gird themselves for stronger competition in the future, with ASEAN trade agreements calling for lower import duties, they have sought to develop alternative revenue streams. One of these is the production of electricity from bagasse, the pulpy remnants of sugarcane that has been crushed to release its juice.

Star apples break into US market

Việt Nam has become the first country allowed to export star-apple fruit to the United States. The breakthrough follows 10 years of negotiations.

Industrial production index up 7.9 per cent

The national index of industrial production (IIP) increased 7.9 per cent year-on-year in the first nine months of this year, the General Statistics Office (GSO) reported.

Large cap stocks perform poorly

Shares fell further on the HCM Stock Exchange as large-cap stocks continued performing negatively on poor market sentiment.

Cashew sector a hard nut to crack

Minister of Agriculture and Rural Development Nguyễn Xuân Cường has called for greater efforts to address the shortage of raw materials faced by the domestic cashew processing industry, saying that remains the biggest challenge for the sector’s development.

Mekong Capital earns $79m in divestments

Mekong Capital, a Việt Nam-focused private equity firm, reported total earnings of nearly US$79 million from its divestments this year to date, including the recent sale of its remaining holdings in the agricultural company Lộc Trời Group.

Fuel price hike to have knock-on effects

Enterprises providing transport services and construction materials planned to increase charges following an increase in fuel prices on the domestic market last week.

Cutting business procedures only one step forward

On September 21, Trade and Industry Minister Trần Tuấn Anh signed a historic decision cutting 675 business and investment procedures, equivalent to 55.5 per cent of total business conditions under that the ministry (MoIT) had reviewed.

VN manufacturing PMI uplifts in September

The Việt Nam Manufacturing Purchasing Managers' Index (PMI) rose in September, with faster rises in output, new orders and employment on the back of stronger customer demand.

VinFast announces collection of sedan vehicles, SUVs

VinFast, the first Vietnamese automobile manufacturing complex opened by Vingroup, presented 20 sedan and SUV designs and officially launched a contest to select the most favourite car models on October 2.

Hòa Phát to cooperate with Italy firm

Hòa Phát-Dung Quất Steel Joint Stock Company and Italy’s metal plants supplier Danieli Company last week signed a contract to provide thin slab caster and hot-rolled mill.

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