PM asks EVN to clarify issues

Prime Minister Nguyễn Xuân Phúc has asked Electricity of Viet Nam (EVN) to clarify some issues, especially the results of its restructure. The message was conveyed on Wednesday by a working group led by the Government Office Vice Chairman Nguyễn Cao Lục.

SMEs support law to improve growth quality

The National Assembly on June 12 passed the Law on Support for Small- and Medium-sized Enterprises (SMEs). The law will take effect from January 1, 2018.

The law is expected to bring big advantages to SMEs in their production and business and implement well support activities for the enterprises.

Deputy minister of planning and investment Đặng Huy Đông told to Đầu tư newspaper about those issues.

Bank shares drive market down

Shares declined for the first time in the last three days as banks lost momentum on Wednesday on rising profit-taking pressure after a long rally.

VINPA supports petrol tax hikes proposed by MoF

The Việt Nam Petroleum Association (VINPA) has sent a document to the Ministry of Finance (MoF) in support of the ministry’s proposal to increase the environmental protection tax on oil and gas consumption.

MoIT eyes change to footwear plan

Việt Nam’s development plan for the leather and footwear industry by 2025 with a vision towards 2035 needs to change, according to the Ministry of Industry and Trade (MoIT).

Shares up for second day

Shares advanced for a second day on the two national stock exchanges yesterday as investors increased their bets on bank stocks, given the positive outlook seen for the industry.

PM urges Vinatex reform

Prime Minister Nguyễn Xuân Phúc has urged the Việt Nam National Textile and Garment Group (Vinatex) to undertake comprehensive reform to develop its production and business. The message was conveyed yesterday to Vinatex by a working group led by Government Office Chirman Mai Tiến Dũng.

New decree to help rice exporters

The Ministry of Industry and Trade is drafting a decree to remove bottlenecks for domestic rice exporters, especially small-and medium-sized enterprises (SMEs).

Insurance sector revenue grows 19%

The insurance sector reported growth of 19 per cent in premium income in the first five months of this year, topping VNĐ38.7 trillion (US$1.7 billion), the Insurance Association of Việt Nam (IAV) said.

 

PV Power to invest in 9 gas plants

PetroVietnam Power Corporation (PV Power) is preparing to implement the construction of nine gas-fired power plants with total output of 5,250 MW, PV Power general director Nguyễn Xuân Hòa said.

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