Singapore investor to build Phoenix port

Phoenix Vũng Áng Việt Nam Company Limited, a subsidiary of Singapore’s Freight Links Capital Pte. Ltd, held a groundbreaking ceremony to construct the Phoenix port at Hà Tĩnh Province’s Vũng Áng Economic Zone on Wednesday.

ADB lowers VN growth forecast

The Manila-based Asian Development Bank (ADB) has projected the economic growth of Việt Nam will be 6.3 per cent this year, taking 0.2 percentage points off from the previous forecast.

Drop recorded in new business

A total of 8,600 new enterprises with total registered capital of nearly VNĐ80.5 trillion (US$3.54 billion) were established in September, according to the Ministry of Planning and Investment.

Bình Dương surpasses goal

The southern province of Bình Dương reported yesterday that it had attained 140 per cent of its annual target in foreign direct investment (FDI) during the first nine months of the year.

Tough challenges foreseen for oil, gas sector

The oil and gas industry is one of the country's key economic sectors as it has made important contribution to the national economy but it is facing exceptionally tough challenges, especially in the context of deeper international integration, participants at a seminar in Hà Nội were told on Tuesday.

Việt Nam says bad debts under control

Nonperforming loans (NPLs) must be revolved at the earliest, especially in the banking and financial sector, in order to strengthen Việt Nam’s economy, ensure efficiency and boost effectiveness in capital allocation, a World Bank Group (WBG) official told a seminar yesterday.

Khánh Hòa doubles size of its SEZ

The central province of Khánh Hòa is considering increasing the size of its proposed North Vân Phong special economic zone from the planned 66,000 hectares to 111,000ha.

Đồng Nai posts record trade surplus

Businesses in Đồng Nai are taking advantage of the free trade agreements that Việt Nam has already inked with international countries and blocs, and the establishment of the ASEAN Economic Community to foster their export turnover. 

 

Dragon fruit prices rise sharply

Dragon fruit prices at Chợ Gạo Dragon Fruit Co-operative in the southern province of Tiền Giang are increasing sharply, creating economic advantages for farmers.

Việt Nam assures EU on illegal, unregulated fishing

The VASEP (Việt Nam Association of Seafood Exporters and Producers) Marine Product Committee and Vietnamese seafood processors and exporters on Monday promised to implement the EU’s demands on fighting IUU (illegal, unreported and unregulated) fishing and the national action plan to combat IUU fishing.

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