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Petrol prices drop

A man buys fuel at a petrol station in Hà Nội. — VNA/VNS Photo Hoàng Hùng Viet Nam News HÀ NỘI — The retail price of biofuel E5 RON 92 fell by VNĐ329 to trade at a maximum of VNĐ19,611 (US$0.85) per litre at 3pm today, the Ministries of Industry and Trade and Finance announced. ... Read More »

Sugar sector continues to face severe glut

As of the end of last month, sugar inventories surged to 670,000 tons, given the rising volume of smuggled sugar in the domestic market, Lao Dong newspaper reported, citing data from the Vietnam Sugarcane and Sugar Association (VSSA). A worker checks sugar in stock at a sugar plant. According to VSSA, sugar inventories surged to 670,000 tons, as of the ... Read More »

Vietnam – potential market for rice bran oil

VietNamNet Bridge – Vietnam has recently joined the group of rice bran oil-producing countries, with a modest output, but as one of the largest rice exporters in the world, the country has great potential for developing this industry.  More than 200 participants including experts, researchers, and representatives of rice bran oil companies from 20 countries of 5 continents … discussed ... Read More »

VN encouraged to tap Australian wooden furniture market

Australia is among one of the leading importers of Vietnamese wood and timber products. – Photo baocongthuong.vn Viet Nam News HÀ NỘI – Vietnamese wood enterprises have plenty of opportunities to export to Australia thanks to a number of factors that play into their favour, trade experts said. Việt Nam’s favourable geographical location as well as Australian strong import demand and preferences ... Read More »

Vinalines gets PM’s nod to sell 20% stake

Vinalines will sell 280.9 million shares, equivalent to 20 per cent of its capital, to the public in its initial public offering (IPO) on the Hà Nội Stock Exchange, expected in August. — Photo cafef.vn Viet Nam News HÀ NỘI – The Prime Minister has approved the equitisation plan of Việt Nam National Shipping Lines (Vinalines). According to the plan, ... Read More »

Coal group targets 9 per cent revenue spike

Workers at a coal mine of Vinacomin in Quảng Ninh Province. — Photo VNA/VNS Trọng Đạt Viet Nam News HÀ NỘI — The Việt Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) in revenues in 2018, up 9.3 per cent year-on-year. It also plans to contribute VNĐ14.5 trillion to the State Budget, ... Read More »

G-bonds see higher interest rates

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year thanks to economic growth of more than 6.7 per cent and inflation of below 4 per cent. — Photo investopedia.com Viet Nam News HÀ NỘI – Government bonds fetched higher interest rates for all maturity terms at the latest auction ... Read More »

Hậu Giang reviews development of hi-tech farm zone

The provincial People’s Committee must approve the building of a new, stronger bridge to replace the existing bridge that leads to the zone to accommodate investors’ high-load vehicles. — Photo vov.vn Viet Nam News HẬU GIANG – Leaders of the Mekong Delta province of Hậu Giang have reviewed the development of a hi-tech agricultural zone in the province by 2025.  ... Read More »

Imported waste flooding Vietnam’s ports

VietNamNet Bridge – Thousands of containers of plastics and scrap materials are stuck at ports, causing problems for government agencies.  A source said that that tens of containers of scrap plastic arrive in Cat Lai Port every day. As of June 7, at least 965 containers had been there for 30-90 days.  Meanwhile, more than 2,100 containers, most of which ... Read More »

PM issues directive to better implement law on support for SMEs

Tax deductions, land allocation programmes and the establishment of appropriate credit lines along with a comprehensive legal framework are among the tasks ordered by Prime Minister Nguyen Xuan Phuc to effectively implement the Law on Support for Small- and Medium-sized Enterprises (SMEs). Workers at Trung Dung Co Ltd, a manufacturer of elastic threads and yarn in Tan Trieu Commune in ... Read More »