Business

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Vietnam (SBV)’s new regulation on tightening foreign currency credit.

As many as 10,954 enterprises were formed in April with total registered capital of VNĐ62.2 trillion (over US$2.7 billion), according to the General Statistics Office (GSO).

Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

The national index of industrial production (IIP) in the first four months of this year surged 7.3 per cent year-on-year, according to the General Statistics Office (GSO).

Vietnam Airlines, the national flag carrier, started using its new generation aircraft Boeing 787-9 Dreamliner for the Hanoi-Beijing (China) route, with the first flight landing in Beijing.

The Ministry of Finance has announced that the rating agency Standard & Poor’s gave Vietnam a crediting rating of BB-/B and a stable outlook, unchanged from the ratings announced in March 2015.

India has released its report on anti-dumping investigation into Plain Medium Density Fibreboard (MDF) imported from Vietnam and Indonesia.

The Government vows to create favorable ways and create a fair playground for enterprises which serve as the driving force for national development, said PM Nguyen Xuan Phuc in HCMC.

Vietnam is forecast to grow 6.8 percent in 2016 and 6.9 percent in 2017, according to the Economic and Social Survey of Asia and the Pacific, released by the United Nations Economic and Social Commission for Asia and the Pacific.

The Vinaconex Water Supply Joint Stock Company (Viwasupco) has decided to relieve Bùi Minh Trường of his post as director of the Đà River Water Pipeline Project’s second phase.

The country welcomed approximately 3.25 million international visitors in the first four months of this year, up 17.8 per cent against the same period last year, according to the Vietnam National Aministration of Tourism (VNAT).

Vietnam has always created best possible conditions for foreign investors, including those from Japan, to invest in the country.

There has been widespread objections to a proposed USD363.6 airport project slated for the mountainous province of Lai Chau.

Hung Nghiep Formosa Company apologised for the remarks by the firm’s public relations guru Chou Chun Fan that suggested local people couldn’t expect to maintain their local environment if they wanted to have a modern steel industry.

Vietnam exported around 2.06 million tons of rice, earning US$916 million for the first four months of this year, up 11.8% in volume and 13.8% in value against the same period last year.

Vietjet will launch its three newest domestic routes to better connect Hai Phong with Phu Quoc, Da Lat and Buon Ma Thuot.

The State Bank of Vietnam organized a ceremony to celebrate its 65th founding anniversary and receive Ho Chi Minh Order, the third of its kind.

The State Duma of Russia has ratified the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and Vietnam.

Authorities in Ha Long City are facing troubles as a fleet of nine tugs and three barges built by the troubled state-owned Vinashin Group have been left unused for years and now pose an environmental threat to Ha Long Bay.