Việt Nam News

The February consumer price index (CPI) slipped 0.17 per cent from the previous month due to falling demand for goods after the Lunar New Year (Tết) holiday, falling petrol prices, and the coronavirus (COVID-19) outbreak, according to the General Statistics Office (GSO).

The stock market is expected to continue experiencing strong corrections, while the market bottom cannot be determined until there are clear signs of effective control over the COVID-19 epidemic, said market analysts.

The Ministry of Industry and Trade has proposed a new retail electricity tariff which is divided into five rates instead of six. In this option, 98.2 per cent of households in the country would see no increase or even lower power bills.

Prime Minister Nguyễn Xuân Phúc has asked his Government Advisory Group to submit a document by Aprll 30 outlining necessary steps to turn HCM City into an international financial centre.

Local wood processing enterprises need to expand supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the novel coronavirus (COVID-19) outbreak, experts have said.

The plant covers a site of more than 2,700ha in the coastal commune of Hiệp Thanh in Duyên Hải Town and has a design capacity of 78MW from 18 turbines. 

Spanning 16ha in Triệu Phong District, the warehouse has a storage capacity of 200,000cu.m. 

More detailed regulations were needed to promote a healthy development of the condotel market which had been going off-track for years due to the unclear legal framework, experts have said.

Deputy Prime Minister Trịnh Đình Dũng has urged the transport ministry to make a final decision on the fate of a multi-million dollar railway project that was abandoned 15 years ago.

The Ministry of Industry and Trade (MoIT) is drafting the National Strategy on Industrial Development through 2030 with a vision to 2045 to submit to the Government in the next quarter.

Data is considered a core element of Việt Nam's digital economy; however, it is not well shared and connected to serve the country.

Of the total, 91 projects are in industrial and energy sector; 28 projects in infrastructure development; 16 in sports, culture and tourism; 15 in agro-forestry-fisheries; nine in seafood and agricultural processing and seven in the production of construction materials and consumer goods. 

The western suburbs of HCM City has seen a rise in popularity among real-estate developers in recent years thanks to its natural environment, which mostly still remain untouched and vast areas of undeveloped land, according to industry experts.

Shares tumbled on Friday due to the uneasy global market and worries among investors about the wider spread of Covid-19 virus.

The sixth edition of the PropertyGuru Vietnam Property Awards was launched in HCM City on February 27.

The logistics industry in Việt Nam, especially HCM City, continues to faces challenges like red tape and traffic congestion near border gates despite progress made in facilitating trade, Đinh Ngọc Thắng, head of the city Department of Customs, told a conference on February 28.

As aviation companies continue to struggle because of Covid-19, other areas of transport are also being hit hard.

Seafood processing business Hùng Vương has cut its revenue target by 8 per cent from the last projection to more than VNĐ11.5 trillion (US$495 million) for the 2020 financial year.