Hoàng Anh Gia Lai sells sugar business for $59m

Biên Hòa Sugar JSC and Thành Thành Công Tây Ninh Sugar JSC, two subsidiaries of the Thành Thành Công Group (TTC Group), will take over the sugar business from Hoàng Anh Gia Lai Agriculture International (HAGL Agrico) for VNĐ1.33 trillion (US$59.1 million).

VN vows to boost Pacific trade

A seminar “The Pacific Alliance (PA) and Việt Nam in the global context” was held in Hà Nội on Monday, aiming to support Việt Nam’s role as the ASEAN co-ordinator with the alliance.

Agriculture firms receive Gov’t funds

State credit institutions will offer enterprises developing national agricultural products 70 per cent of investment capital support, said the Ministry of Planning and Investment (MPI).

RCEP ministers celebrate progress

At the third Intersessional Ministerial Meeting of the Regional Comprehensive Economic Partnership (RCEP) held on Monday in Hà Nội, participants discussed issues such as goods, services, investments and rules in RCEP negotiations, in hope of finalising the agreement by the end of the year.

NA action on debt pushes market up

Shares advanced on Monday on strong support from the banking sector following the information that the Government submitted a resolution on bad debt to the National Assembly.

Bad debts at $7b until March 31

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VNĐ160 trillion (US$7 billion).

Quảng Ngãi wants $4.25b of investment

Prioritised sectors for investment include processing, supporting industry, urban and IZs infrastructure development, sea ports and maritime services in addition to high-tech agriculture, tourism and services.

 

Viglacera begins apartments for workers

State-owned glass and construction ceramic corporation Viglacera started constructing a complex of apartment blocks for workers at Đồng Văn 4 industrial park in Hà Nam Province on Friday.

Foreign cafes’ struggle in Việt Nam

Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Việt Nam, ending a 10-year stint in Hồ Chí Minh City and Hà Nội due to slow expansion, high rents and an unsuitable business model.

Vissan buys more pigs to support farmers

To reduce oversupply and help farmers, Vissan Co. Ltd will buy and slaughter an additional 200 to 300 pigs a day, raising the company’s additional purchases over the normal number to 500-600 pigs a day.

Shrimp value chain a must: Experts

Việt Nam needs to develop an equitable and sustainable shrimp production chain, Đinh Xuân Lập, Deputy Director of the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS), said.

Petrol prices continue to decrease

Prices of oil and petrol products continued to decrease from 3pm on Saturday, following the latest price adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

APEC ministers pledge free trade

Trade representatives of the 21 Pacific Rim countries, meeting this weekend in Hà Nội, reaffirmed their commitment to support free and open trade and pledged to fight all forms of protectionism.

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