Việt Nam News

The Finance Ministry also explained at Monday’s meeting its proposal to increase the environmental protection tax on petroleum consumption from the current VNĐ1,000-4,000 to VNĐ3,000-8,000 per litre.

Budget revenues were estimated at VNĐ280.9 trillion (US$12.4 billion) in the first quarter of this year, up 15.2 per cent compared to the same period in 2016 and meeting 23.2 per cent of the annual estimate, the Ministry of Finance (MoF) said yesterday. 

Shares grew at a slower pace yesterday on the two stock exchanges as investors displayed caution ahead of the annual shareholder meetings of big companies this month.

The fluctuation of foreign exchange in the first quarter was due to a sharp rising import value, according to the National Financial Supervisory Commission (NFSC).

Asia Commercial Bank (ACB) hoped to complete the handling of bad debts caused by six companies of  former banking tycoon Nguyễn Đức Kiên by the end of this year, it said at the annual shareholders meeting on Monday.

The recent suspension of rice importation by the Philippines, a major market, has sparked concern among Vietnamese rice exporters.

Sand prices have soared over the past few days, following the Government’s order to tighten supervision of sand mining, though speculation is more likely to be blamed for the price jump.

Việt Nam’s Gross Domestic Product (GDP) growth is projected to increase modestly to 6.5 per cent this year and 6.7 per cent in 2018.

Thừa Thiên-Huế Province attracted 140 projects with total registered capital of VNĐ64.3 trillion (US$2.8 billion) in the first quarter of this year.

A-Pro Tech Vietnam Co Ltd on Monday broke ground for the construction of a bike and automobile spare parts manufacturing plant in the southern province of Bình Dương.

The number of multi-level marketing businesses has halved to 37 by end of March, following Government crackdown over the past two years to ensure that they are operating correctly.

Liquidity of the Vietnamese đồng in the banking system has shown signs of cooling down over the past week.

Mizuho Financial Group will set up an US$252 million (28 billion Japanese yen) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia, Nikkei reported.

Hà Nội is calling for investment in environmentally friendly large-scale projects that use advanced technologies.

Paraguay wished to further promote trade links with Việt Nam, Ambassador Luis Fernando Avalos, director-general of bilateral policies at Paraguay’s Foreign Ministry, told Vietnamese Ambassador to Argentina and Paraguay Nguyễn Đình Thao at a meeting in Asuncion on Friday.

State-owned tour developer Saigon Tourist will auction its entire holding of almost 363,800 shares of Jetstar Pacific Airlines Joint Stock Aviation Company this month, an amount equivalent to 1.14 per cent of the budget airline’s capital.

The United States Court of International Trade (CIT) reaffirmed the Department of Commerce's (DOC) final decision on the CS Wind Vietnam Co., Ltd’s (CS Wind) supposed dumping of utility scale wind towers into the US market, as both entities determined that the company has zero per cent dumping margin.

Market observers said in the first two months of the year the Government successfully issued bonds worth VNĐ54.11 trillion ($2.38 billion) for terms of five to 10 years.