Việt Nam News

Activities on the island will aim to save energy, conserve the ecosystem and maintain systemic circulation. The island will also be a comfortable living space, suitable for relaxation. The traditional fishing village will continue to be maintained and developed.

Late June Thailand’s largest corporation, PTT Public Company Limited (PTT), postponed plans to build the US$20 billion Victory Nhơn Hội refinery and petrochemical complex in the south-central coastal province of Bình Định.

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.

The fish sauce market is witnessing increasingly fierce competition between many famous brand names that use both industrial and traditional methods like Unilever, Masan Consumer, Phú Quốc, and Phan Thiết.

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).

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.

Vietnamese mobile phone brands have been displaced from the market by high-quality foreign products and low-priced Chinese ones.

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.

Mekong Capital announced on Thursday that its Mekong Enterprise Fund III has invested in ABA Corporation, a provider of temperature-controlled transport.

Bảo Việt Holdings (BVH) has reported higher six-month revenues and profits as the domestic insurance market saw a six-year high in the first half of this year.

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.

Farming of seaweed, a promising seafood product, will be encouraged, the Directorate of Fisheries has said.

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.

This central province will launch the first Chu Lai-Korea sea route this month, connecting Tam Hiệp Port and Incheon Port in Korea

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.

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. 

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.

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