Challenges for Việt Nam sea strategy

Việt Nam has long strived to tap its immense maritime potential to become a rich and strong country based on its marine economy. Yet this goal comes with its own challenges due to a lack of sustainable development solutions.

Growth of mining industry drops

The local mining industry saw a decline in production growth in the first seven months of this year, which is likely to extend to the end of the year, said the General Statistics Office (GSO).

Market decline is unlikely to end: experts

Việt Nam’s stock market was on the downswing for a week and this bearish decline is unlikely to end due to investor pessimism over market prospects that have seen a downward trend in August in the previous years.

SSI issues $8.9 million of non-convertible bonds

Sài Gòn Securities Inc (SSI) yesterday issued VNĐ200 billion (nearly US$8.9 million) worth of two-year non-convertible bonds with an annual yield rate of 7 per cent for the first 12 months.

VN, Philippines mull rice deal

Minister of Industry and Trade Trần Tuấn Anh said Việt Nam and the Philippines should consider extending their rice trade deal, which will expire at the end of this year, for a new period of 2017-2020.

A level playing field for all retailers

More recently, quite a few retail corporations and commercial centers in Việt Nam have been controlled by foreign investors. This has caused anxieties to Vietnamese retailers. Việt Nam News Agency talks to Dr Đinh Thị Mỹ Loan, Chairwoman of the Vietnamese Retailers’ Association about strengths and weaknesses of Vietnamese retailers to such a circumstance.

Deputy PM approves road toll cut

Deputy Prime Minister Vương Đình Huệ has approved a proposal by the Ministry of Finance (MoF) to reduce road tolls for a number of vehicles to ease the burden of transportation enterprises.

Companies vow pure coffee

Vinacafé Biên Hòa Joint Stock Company has announced that starting this month it will only produce authentic coffee products that do not use any soy additives.

Farmers urged to use new rice-sowing model

Many farmers in the Cửu Long (Mekong) Delta continue the traditional habit of sowing rice at a high density, leading to increased production costs and frequent disease outbreaks. 

Free trade between VN, Laos

Over 95 per cent of commodities between Việt Nam and Laos will enjoy a tariff free or a 50 per cent reduction tariff when the bilateral trade agreement and border trade agreement apply in the future.

Mortgaged projects safe for buyers: experts

Taking out mortgages for property projects is a normal practice among developers, and laws would protect the interests of buyers who have bought mortgaged property products, according to experts.

VN-Index drop below 630 points

Shares retreated to one-month low again yesterday as investors continued to sell shares on fears of further declines.

SBV urges banks to use housing stimulus

The State Bank of Việt Nam (SBV)’s Governor Lê Minh Hưng has asked commercial banks to early issue instructions for lending to social housing in order to speed up disbursement of the housing stimulus package.

LafargeHolcim to divest from Việt Nam

Swiss giant cement producer LafargeHolcim has agreed to sell its entire 65-per-cent ownership in the joint-venture LafargeHolcim Việt Nam to Thailand’s Siam City Cement Public Co Ltd.

PM tells VNPT to get ready for equitisation

Prime Minister Nguyễn Xuân Phúc asked the Việt Nam Posts and Telecommunications Group to plan for equitisation over the next five years, during a working session with the company in Hà Nội on Thursday.

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