Việt Nam News

State budget revenues surpassed the yearly target to hit VNĐ1.1 quadrillion (US$48.4 billion) as of December 31, 2016, up 7.8 per cent or VNĐ79.6 trillion higher than the target.

By developing an agricultural value chain, the southern province of Tây Ninh expects to raise its agricultural GDP and average farmer income per year from the current figures of US$3 billion and $1,500 to $8 billion and $5,000, respectively, after five years.

As of December 7 the treasury had raised more than VNĐ280 trillion by auctioning Government bonds, achieving the target for the year.

The Directorate of Fisheries under the Ministry of Agriculture and Rural Development (MARD) has set a goal of US$7.1 billion in seafood export revenues this year, about the same as the 2016 exports.

The State Bank of Việt Nam (SBV) continued to decrease the reference US$/VNĐ exchange rate yesterday by 5 đồng to touch VNĐ22,154 per $1dollar.

The focus of development for HCM City’s property market shifted from the south to the east last year, experts said.

Prime Minister Nguyễn Xuân Phúc has called for reduced dependence on “unsustainable advantages and natural resources” and greater reliance on creativity, science and technology to boost industrial growth.

Shares rose for a fourth consecutive session on the HCM Stock Exchange on Friday but profit-taking selling increased which may disrupt the uptrend next week.

Đà Lạt City in Central Highlands’ Lâm Đồng Province is working with Japanese OTA Floriculture Auction Limited Company and local agencies to establish a flower trading centre in the city.

Deputy Prime Minister Trịnh Đình Dũng asked the construction industry to tighten management towards to property developments to prevent imbalance in supply and demand which might trigger a market bubble.

Deputy Minister of Transport Nguyễn Ngọc Đông urged the Vietnam Railway Corporation (VNR) to enhance transport quality and use technology in management for sustainable development in 2017.

Airlines will operate 1,300 additional flights on the domestic route network to meet the high passenger demand during Tết (Lunar New Year) holidays

The Electricity of Vietnam (EVN) said it invested around VNĐ134.85 trillion (US$5.93 billion) to boost the capacity of the national power grid in 2016.

The Vietnam National Oil and Gas Group (PetroVietnam) aims to increase its oil and gas reserves to 10-15 million tonnes and contribute VNĐ74.6 trillion to the state budget in 2017.

The central province of Thừa Thiên-Huế aims to earn US$800 million from exports in 2017, a year-on-year increase of 11.58 per cent.

“It is likely that the first shipment of Vietnamese chicken will be exported to certain markets this year,” a Ministry of Agriculture and Rural Development (MARD) official has said.

Saigon Hi-Tech Park has set a target to attract US$600 million in investment capital this year.

Agricultural group Hoàng Anh Gia Lai Joint Stock Company has issued bonds worth VNĐ930 billion (US$41.3 million) to a financial institution, it said in a filing to the HCM Stock Exchange.