Việt Nam News

The State needs to establish agencies specialising in the study of the market, so as to reduce risks of oversupply or shortages in farming products, said Đặng Kim Sơn, former head of the Policy and Strategy Institute under the Ministry of Agriculture and Rural Development.

The imposition of 5 per cent export tax on cement is weighing down the industry, which has been facing a severe surplus of supply over demand in the local market.

The Viglacera Corporation Jsc. (Viglacera) held an auction yesterday at the Hanoi Stock Exchange (HNX) for120 million shares at a starting price of VNĐ12,300 (US$0.54) per share.

Consumer price index (CPI) dropped by 0.53 per cent in May from the previous month, mostly due to a sharp fall in food prices, the General Statistics Office (GSO) said on Monday.

The finance ministry wants to increase environmental protection tax on petrol and oil to ensure sufficient budget collection, as the country has to cut import taxes to fulfil international commitments.

Shares rose on both local markets on Monday but market growth slowed down during the day as banks and brokerages failed to extend gains.

Northern Bắc Giang Province, a lychee farming hub of Việt Nam, plans to export some 50,000 tonnes of thiều lychee, or 50 per cent of its total output, in 2017.

Non-banking financial companies (NBFC) may be allowed to set up a maximum of three branches in a fiscal year.

Agricultural, forestry and fishery exports in May hit an estimated value of US$2.8 billion, according to the Ministry of Agriculture and Rural Development.

The province is home to 2,890 foreign-invested businesses with a total registered investment capital of $27.1 billion.

Hòa Lạc High-tech Park (HHTP)'s management board has sent a report to the Ministry of Planning and Investment requesting nearly VNĐ8.3 trillion (US$364 million) for land clearance and infrastructure construction.

Asia’s leading construction solution provider BCI at a ceremony held on Friday in HCM City gave awards to the top 10 Vietnamese architectural firms and property developers.

In marking the 50th anniversary of ASEAN and 25 years of diplomatic ties between Việt Nam and the Republic of Korea (ROK) this year, the Việt Nam News and the Maeil Business, the number one business newspaper in the ROK, speak to Prime Minister Nguyễn Xuân Phúc about bilateral ties, opportunities to tap new trade, investment co-operation and trends in trade liberalisation.

In the first four months of the year, the trade deficit was at quite high at around US$2.8 billion.

Industry leaders have called on distraught and anxious pepper farmers to remain calm and refrain from selling their produce at low prices, saying the current price plunge is most likely a fleeting phenomenon.

Shares are forecast to extend rally this week, but on a slower pace as profit-taking selling pressure is increasing after the benchmark VN-Index has continuously touched new nine-year highs.

Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has failed to get approval from shareholders to trade its shares on the stock exchanges.

Shares bounced back on Friday thanks to the growth of a few leading large-cap stocks, but the market is exposed to risk of a downward correction following a prolonged rally.