Business

Vietnam aims to export four million tonnes of rice by 2030, pursuant to a strategy for developing the country’s rice export market in the 2017-20 period with a vision to 2030.

Deputy Prime Minister Vuong Dinh Hue has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.

The Ministry of Industry and Trade has been seeking the government’s help for the payment of a USD162-million loan for Vietnam National Chemical Group provided by China Eximbank.

Vietnam International Bank officially announced the acquisition of the Ho Chi Minh City branch of the Commonwealth Bank of Australia. CBA is also a strategic shareholder of VIB.

The South Korean Government’s Economic Development Cooperation Fund (EDCF) will provide a loan $100 million for Vietnam to build or renovate 22 bridges around the country.

Vietnam’s export turnover is likely to hit 195 billion USD this year, up 10-11 percent compared with 2016, according to the Ministry of Industry and Trade.

The target of keeping the country’s inflation below 4 per cent in 2017 is quite feasible, said Deputy Prime Minister Vương Đình Huệ at a meeting late last week.

The Vietnam Motor Show 2017 (VMS 2017) will be held from August 1 to 5 in Ho Chi Minh City.

China is importing 46.5% of Vietnam's rice, a huge increase from the previous 35-36% seen in previous years.

Vietnam’s e-commerce may be one of the world’s fastest-growing markets, but the country’s customers are also among the most demanding.

Vietnam’s export turnover of aquatic products was estimated at 653 million USD in June, raising the total figure in the first half of this year to 3.5 billion USD, reported the Ministry of Agriculture and Rural Development.

Vietnam always welcomes and wishes to receive investments from Russia, especially in the fields of energy, oil and gas exploitation and refinery, industrial equipment and auto manufacturing, President Tran Dai Quang has said.

The progress of equitisation of State-owned enterprises (SOEs) in the first six months of this year was slower than the same time last year with only 19 SOEs receiving approval for their equitisation plan by mid-June.

The General Department of Taxation has said it would inspect Uber and Grab taxi’s tax payments.

President Tran Dai Quang, who is on an official visit to Russia, and Russian President Vladimir Putin expressed particular interest in strengthening commercial cooperation, agreeing on investing more than $10 billion in both countries, the Vietnam News Agency reports.

Many out of nearly 40 safe vegetable shops operated by Hapro are selling other kinds of products or sub-leased.

The rise in education and healthcare services charges have pushed up the consumer price index (CPI) in the first half of 2017.

The Ministry of Industry and Trade is working with the Australia Ministry for Trade, Tourism and Investment to complete procedures to export dragon fruit to this market.

The Ministry of Transport has requested Grab and Uber taxi stop their newly-launched ride sharing service for contract cars.