Business

PM urges southern key economic zone to put forth specific mechanisms

The southern key economic zone needs to set forth a long-term vision and outline mechanisms and policies to develop in a strong and sustainable manner, maintaining its locomotive role in national socio-economic development, Prime Minister Nguyen Xuan Phuc has said.

Danang-Cu Lao Cham tour plan stirs controversy

Danang authorities have planned a tour to bring visitors to Cu Lao Cham Island in the neighbouring city of Hoi An. However, this has been opposed by Hoi An officials.

Equitisation of State-owned enterprises remains slow: official

The equitisation of State-owned enterprises (SOEs) is still slow, failing to reach the rate of progress as directed by the Prime Minister, Deputy Minister of Finance Vu Thi Mai said at the Government’s regular press briefing in Hanoi on

PM demands explanation for consumer electricity price hike

PM Nguyen Xuan Phuc has asked EVN to report on the recent power price hike and requested the Government Inspectorate, Ministry of Finance and Ministry of Industry and Trade to review the electricity price adjustment process.

EU, Vietnam to ratify “ambitious” EVFTA by end of 2019: HSBC

It is estimated that the EU-Vietnam FTA (EVFTA), the “most ambitious” FTA the EU has ever concluded with a developing country, will add 0.1 percentage point (ppt) on average to Vietnam’s real GDP growth each year based solely on

Petrol trader seeks help to promote sluggish biofuel consumption

HCM City One-Member Limited Liability Oil & Gas Company (Saigon Petro) is seeking Ministry of Industry and Trade for support following low demand for E5 biofuel.

Petrol prices up nearly 1,000 VND per litre

The Ministry of Industry and Trade and Finance Ministry revised up petrol prices on May 2, marking the third time they had made price adjustments after using the price stabilisation fund.

CBRE: Vietnam benefitting from production shift out of China

Wave of manufacturers moving production out of China to Southeast Asia, including Vietnam, according to CBRE.

VCCI suggests central bank reconsider cash loan proposal

The Vietnam Chamber of Commerce and Industry has suggested the State Bank of Vietnam reconsider a proposal on limiting unsecured personal loans in cash by consumer finance companies.

Commuter bus system would link to Metro Line No.1

Ho Chi Minh City’s Department of Transport wants to develop a commuter bus system to link to stations on Metro Line No1, which is still under construction.

Outlook for Vietnam’s economy remains sound in 2019: IMF

The outlook for Vietnam’s economy remains sound, aided by its strong fundamentals, diversified trade structure and the authorities’ commitment to macroeconomic stability and private sector-led growth, according to the IMF.

Chinese visitors to Vietnam fall

The number of Chinese tourists to Vietnam in the first four months of this year decreased by 3.8% on-year.

Ho Chi Minh City’s CPI goes up 0.36 percent in April

Consumer price index of Ho Chi Minh City increased by 0.36 percent in April compared with that of March and 4.25 percent year-on-year, the municipal Statistical Office revealed on April 30.

Hanoi’s first metro project operation delayed again

The Cat Linh - Ha Dong metro project would not be put into operation on April 30 as scheduled according to the Railway Management Board.

Low-cost housing projects face big losses

Investors in low-cost housing projects in some southern localities are complaining about big losses due to unfair regulations.

General Statistics Office reports record retail sales

Retail sales and services revenues in the first four months of this year reached VND1.58 quadrillion (USD68bn), an increase of 11.9% compared to the same period last year.

Major solar power complex and renewable energy project inaugurated in Ninh Thuan

A solar power complex with a total capacity of 330MWp, the largest of its kind in Southeast Asia, was inaugurated at a ceremony held on April 27 by Vietnamese BIM Group in Phuoc Minh commune, Thuan Nam district, Ninh

Hanoi’s CPI rises 0.24 percent in April

Hanoi’s consumer price index (CPI) in April rose 0.24 percent from the previous month and 4.35 percent against the same time last year, reported the city Statistics Office.

Vietnam, China to enhance trade on farm produce

Minister of Industry and Trade Tran Tuan Anh has held a working session with head of China’s General Administration of Customs Ni Yuefeng to seek ways to boost bilateral trade ties in a more balanced and sustainable manner.