Việt Nam News

Local investors were attracted by gold’s outstanding performance during the quarter, particularly in the face of rising energy prices – which are expected to fuel inflation – and local currency depreciation against the dollar, according to the World Gold Council. Premiums on gold bars reportedly reached a record of $650 per tael in the quarter.

The merger of Hà Nội and Sài Gòn railway companies into Railway Transport JSC with over VNĐ1.3 trillion (US$51.2 million) in capital will be completed by year-end.

The American Alliance for Solar Manufacturing Trade Committee requested to investigate a number of solar battery products under HS codes 8501.61.0000, 8507.20.80, 8541.42.0010 and 8541.43.0010.

There are several weak CIs in the Vietnamese banking system that are being put under special control and have to undergo restructuring as per the request of the Government. Three of them are Ocean Bank, GPBank and CBbank, which the SBV bought for zero đồng.

The power can still be connected to the national grid but transmission can only priced at VNĐ0, a requirement that has sparked controversy with opponents saying the policy is counterproductive as a way of encouraging the public and businesses to participate.

As Việt Nam navigates the global economic headwinds, the complex challenge that the SBV is grappling with is maintaining the relative stability of exchange rate while upporting the economic growth – a priority in Việt Nam's economic policy.

Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.

Businesses are calling for a law with clear and detailed regulations on eco-industrial parks so as to encourage enterprises to invest in these types of parks.

Foreign investors also poured capital into the domestic market on Monday.

The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster, which coincided with the 70th anniversary of the historic Dien Bien Phu Victory (May 7).

Vietnamese businesses are taking part in the Foire de Paris (Paris Fair) in the capital of France, a showcase of culture and food from around the world that runs from May 1-12.

On May 6, coffee prices stood at about VNĐ100,000  per kg, thus, they declined about VNĐ30,000 per kg in less than one week.

Bắc Ninh Industrial Parks attracted a total of US$997.1 million in foreign direct investment (FDI) capital and over VNĐ3.6 trillion in domestic capital in the first four months of this year.

Ending April, pepper exports reached 83,783 tonnes, worth $353 million, marking a decrease of 18.3 per cent in volume but an increase of 11.5 per cent in value year-on-year.

During the period, the corporation mined 13.72 million tonnes of coal, up 2 per cent from the same time last year, and generated 3.42 billion kWh of electricity, or 6 per cent higher than its set plan.

With the latest investments, Bà Rịa-Vũng Tàu is currently home to 474 FDI projects worth nearly $33.18 billion.

Tân Yên district’s government has prioritised the development of Dành Mountain ginseng with the goal of establishing it as a signature local product.

Viettel High Tech, a subsidiary of the Viettel Group, represents Viettel at one of the world's top five defence and security exhibitions.