Việt Nam News

Shares declined for a second day yesterday on the two national stock exchanges as traders stayed away to avoid losses before the market enters the seven-day Tết (Lunar New Year) holiday.

Deputy Minister of Agriculture and Rural Development (MARD) Lê Quốc Doanh signed a decision to cease imports of several nuts and seeds from Indonesia to Việt Nam due to a high risk of contamination from the seed beetle Caryedon serratus.

Deputy Prime Minister Trịnh Đình Dũng has asked the Việt Nam Oil and Gas Group (PetroVietnam) to tackle loss-making projects to improve operation efficiency, while keeping a close watch on global oil prices in order to develop appropriate solutions to fulfil 2017 targets.

The High Quality Việt Nam Products Business Association, the American Chamber of Commerce in Việt Nam and the Washington-based Global Food Safety Forum on January 18 signed a memorandum of understanding on co-operation in food safety.

The Ministry of Industry and Trade (MoIT) has approved 199 projects for the National Trade Promotion Programme in 2017, which will be implemented with VNĐ90 billion (US$3.96 million) sourced from the State budget.

Vietnam Oil and Gas Group topped the list of 500 leading companies announced at a ceremony in Hà Nội yesterday. It was followed by Samsung Electronics Vietnam Co Ltd, Viettel Group, Electricity of Việt Nam, and the Vietnam National Petroleum Group.

There is plenty of optimism in the hospitality market this year underpinned by very strong international arrivals growth, according to a recent survey by a real estate consulting firm specialising in the sector.

The Vietnamese gas industry aims to double its exploitation output to reach as much as 21 billion cubic metres by 2035, according to a master plan approved by Prime Minister Nguyễn Xuân Phúc early this week.

Lao Động (Labour) and Tin Tức (News) newspapers discussed the issue with Vũ Khắc Liêm, deputy director of the ministry’s Tax Policies Department and Trương Minh Hoàng, vice chair of  the NA Committee for Science, Technology and Environment.

Consumers in HCM City can now use a smartphone app to trace the origin of vegetables sold at Co.opmart, Lotte Mart, Big C and AEON supermarkets under a programme run by the city Department of Agriculture and Rural Development and the Digital Agriculture Association.

Shares unexpectedly edged down yesterday despite positive morning performance as leading bank stocks lost steam on cautious sentiment ahead of the Tết (Lunar New Year) holiday which starts next week.

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced it successfully issued non-convertible five-year bonds worth VNĐ2 trillion (US$88.1 million) at annual interest rate of 5.8 per cent.

Hà Nội collected over VNĐ160.5 trillion (US$7.1 billion) in taxes this year, four per cent higher than its annual target and 16 per cent higher compared with 2015.

Liquidity of the banking system from now until the end of Tết (Lunar New Year) will remain under high pressure due to rising capital demand.

The Vietnam Rubber Group (VRG) cannot delay its plan to divest by June 2017, said Deputy Minister of Agriculture and Rural Development Hà Công Tuấn.

Strong efforts from the HCM City banking industry are needed to complete its mission in 2017, a high-ranking official has said.

Building brand must be the core in the competition strategy of small and medium sized enterprises (SMEs) amid the fourth industrial revolution which pressed SMEs to enhance competitiveness, experts said.

The US$2.2 billion project will supply electricity for economic development in the northern region, ensuring national electricity security.