Business

The Ministry of Industry and Trade (MoIT) yesterday signed an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Sơn 2 Build-Operate-Transfer (BOT) thermal power plant.

Violations valued at over USD13.63m have been uncovered in the construction of the Ha Long-Van Don Expressway, Quang Ninh Province.

The National Assembly on Monday approved the Resolution on socio-economic development plan for 2017 with the growth rate of around 6.7%.

Lobster farmers in the south-central province of Phu Yen are suffering huge financial losses after their stock died in the recent floods.

Vietnam plans to export chicken to Japan from next year and expand chicken export markets to other Asian countries in 2018, the Ministry of Agriculture and Rural Development said.

Vietnam’s total retail sale and service revenues saw a year-on-year increase of 9.3% to some VND2,896.6 trillion (US$126 billion) in the first ten months of 2016, according to the General Statistics Office (GSO).

One fifth of the kieu hoi (overseas remittance) volume in 2015 has gone into the real estate sector, according to the State Bank of Vietnam (SBV).

A stable macro-economy, quality of growth and speedy economic restructuring are constant goals of the Party and the Government, a senior Party official said yesterday.

Fifty-four per cent of Vietnamese people, or 52 million, are already online; the fifth-largest online population in Asia-Pacific behind China, India, Japan and Indonesia.

About 70 per cent of Vietnamese adults are to have bank accounts by 2020, a State Bank of Vietnam conference in Hanoi was told.

VNPT-VinaPhone officially launched 4G services on the 1800MHz band at a ceremony in Phu Quoc Island, Kien Giang province on November 3, becoming the first 4G services provider in Vietnam.

Vietnam’s consumer confidence index was unchanged in the third quarter from the second quarter, at 107, keeping Vietnam as the seventh most optimistic country globally, according to the latest CCI report released by Nielsen.

A seminar of leading government officials, economists and members of the private sector was held on November 2 in Hanoi discussing measures to resolve the country’s trade imbalance with ASEAN.

The second session of the National Assembly yesterday continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of loans as well as public debt management during 2016-2020.

A new fee schedule will apply for the granting of licenses to foreign financial institutions in Vietnam from January 1, 2017.

Though major changes are on the horizon for the domestic auto industry, the Vietnamese government has so far failed to provide a roadmap for new emission standards, and carmakers are getting concerned.

Prime Minister Nguyen Xuan Phuc said Vietnam wants German investors to invest more in the country, particularly in the sectors of Germany’s strength, such as hi-tech manufacturing, renewable energy, infrastructure, and logistics.

There were 22,486 enterprises resuming operations during the first ten months of this year, an increase of 38.8 per cent against the same period last year, according to the latest report from the Agency for Business Registration under the

Prime Minister Nguyen Xuan Phuc has asked relevant agencies and ministries to keep the inflation rate under the 5 per cent set by the National Assembly (NA).