Việt Nam News

State-owned Bình Sơn Refinery and Petrochemical Company Limited (BSR) has completed the overall plan for the upgrade and expansion of the Dung Quất Oil Refinery.

Việt Nam’s tra fish sold at Aeon supermarkets in Japan is listed among “TopValu” products, which are goods of superior quality.

The local stock market is forecast to experience another week of correction but the decrease will likely slow down with divergence based on the second-quarter earnings results.

Soon after the State Bank of Việt Nam cut the reference rate by 0.25 percentage points, several banks have followed suit, lowering interest rates on loans to enterprises in five priority sectors.

The Ministry of Finance (MoF) is going ahead with its plan to increase environmental protection tax on petroleum from the current VNĐ1,000-4,000 to VNĐ3,000-8,000 per litre, despite objections from other ministries and the public.

The Ministry of Planning and Investment is targeting an economic growth rate of 6.4 per cent to 6.8 per cent for Việt Nam in 2018, according to a document sent to ministries and local authorities with instructions to develop the socio-economic plan for 2018.

More than 2,000 young businesses, speakers and students joined in the second International Start-up Conference and Exhibition in the central city yesterday, sharing experience and ideas in panel and round-table discussions, talks and fireside charts among domestic and international experts.

Vietnamese property market is in a dire need to improve transparency in market information to attract investment and develop sustainablity, experts said.

The equitisation of State-owned enterprises in HCM City has been progressing at a snail’s pace partly because their managements are dragging their feet, experts have said.

Shares closed the week’s trades down on the two stock exchanges on rising investor caution about a steeper decline without support information.

The Government has assigned the Ministry of Industry and Trade (MoIT) to build a development roadmap for a competitive coal market as there are new coal suppliers.

The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.

Prime Minister Nguyễn Xuân Phúc has given the northern province of Quảng Ninh the go-ahead to develop the Vân Đồn Economic Zone as a special administrative-economic unit.

Bắc Giang City is currently home to 250 projects including 29 foreign-invested with a combined investment capital of more than $1 billion, the department’s statistic revealed.

The Mekong Delta province of Trà Vinh is calling for investment in the Định An economic zone.

The People’s Committee of Hà Nội has approved the establishment of four new industrial clusters: Ngọc Liệp, Đắc Sơ, Liên Hà and Phùng Xá.

The core of the Fourth Industrial Revolution is “smart manufacturing plants.” However, Vietnamese enterprises are not fully prepared to access the revolution, Deputy Minister of Industry and Trade (MoIT) Cao Quốc Hưng said.

The lending interest rate is expected to further expand with the interest rate reducing sharply in the inter-bank, central bank bill and G-bond markets over the past ten days.