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HCM City processing firms grow while others lack capital

HCM City processing firms grow while others lack capital The growth rate of industrial production in HCM City was 4 per cent for the first four months of this year.— Photo ndhmoney HCM CITY (VNS)— The growth rate of industrial production in HCM City was 4 per cent for the first four months of this year, only slightly higher than ... Read More »

Viet Nam-Brazil trade approaches $2b as exports rise

Viet Nam-Brazil trade approaches $2b as exports rise Last year, Viet Nam earned $817.2 million from exports to Brazil,.—VNS Photo HA NOI (VNS)— Bilateral trade turnover between Viet Nam and Brazil is expected to reach US$2 billion this year, continuing the momentum that saw two-way trade surpass $1 billion in 2011. According to the Viet Nam General Department of Customs, ... Read More »

Fuel price stabilisation data to be published

Fuel price stabilisation data to be published Deputy Prime Minister Vu Van Ninh asks the Ministry of Finance to publicise the management and use of the fuel price stabilisation fund every quarter on the ministry’s website.— VNS Photo HA NOI (VNS)— Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance to publicise the management and use of ... Read More »

Vinacomin moves to decrease coal export tax

Vinacomin moves to decrease coal export tax Coal being exploited at Tay Nam Da Mai Mine in the northern province of Quang Ninh. Vinacomin is seeking approval to lower the export tax on coal, claiming the mining industry faces difficulties due to declining demand both at home and abroad. — VNA/VNS Photo Trong Dat HA NOI (VNS)— The Viet Nam ... Read More »

BUSINESS IN BRIEF 7/5

Enterprises seek funds to bid for gold The Vietnam Gold Business Association has written to the State Bank of Vietnam (SBV), proposing loans for enterprises to buy gold via auctions. SBV has specified the minimum gold volume to bid for is 1,000 taels, requiring bidders to have abundant working capital. However, gold trading businesses are not as financially strong as ... Read More »

Vietnam, Finland boost business connectivity

A seminar took place on May 6 in the central coastal city of Da Nang to discuss investment opportunities and tools supporting trade connection between Vietnam and Finland. The event, co-organised by the municipal People’s Committee and the Finnish Embassy in Vietnam, was part of activities to celebrate the 40th anniversary of diplomatic ties between the two countries. At the ... Read More »

Central bank works to stabilise gold market

Stabilising the domestic gold market to stop mercenary speculation due to gold price fluctuation is the immediate goal of the State Bank of Vietnam (SBV), says Governor Nguyen Van Binh. Legal documents and Decree 24 on the management of gold trading activities emphasised the goal of stabilising the market, Binh said at the May 5 QA session on TV Channel ... Read More »

Mineral mining transparency urged

Mineral mining transparency urged Titanium mining is carried out in Vinh Tu Commune in the central Quang Tri Province’s Vinh Linh District. — VNA/VNS Photo Trong Dat HA NOI (VNS)— Viet Nam should participate in the Extractive Industries Transparency Initiative (EITI), a global standard that promotes transparency at the local level in the field of mineral exploitation, according to a ... Read More »

Petrolimex seeks bigger share in Sri Lanka

Petrolimex seeks bigger share in Sri Lanka Illustrative image. Photo pvn.vn HA NOI (VNS)— The Viet Nam National Petroleum Group (Petrolimex) has proposed upgrading the commercial relations between Petrolimex and Sri Lanka’s Ceylon Petroleum Corporation (CPC) by signing a long-term oil and gas supply contract between Petrolimex Singapore and CPC. According to Petrolimex website, Bui Ngoc Bao, Chairman of Petrolimex ... Read More »

Food exporters from Germany eye market

Food exporters from Germany eye market Illustrative image. HCM CITY (VNS) — German food and drink exporters see Viet Nam as an ideal export destination and an increasingly important market. “Viet Nam, especially in the south, is developing quickly and so we are optimistic about the future,” Jan de Graaf, general director of German Food Asia Company Ltd, said. In ... Read More »