Business

Vietnam will become a coal importer in 2017 of 2.3 million tonnes for domestic electricity production, according to Nguyen Tien Chinh from the Vietnam Mining Science and Technology Association (VIMA).

Relevant Vietnamese agencies have been requested to thoroughly study the US’s regulations imposed on Vietnam’s tra and basa fish in order to employ measures to ensure that exports continue.

Reducing the use of scarce natural resources through measurement of energy efficiency is critically needed to meet the energy demand of a growing economy like Vietnam, an official said.

Up to 80% of Vietnamese animal feed companies have been found to have used at least one banned substance for their products, according to a recent survey by the Ministry of Agriculture and Rural Development.

PetroVietnam remains at the top of the 500 Vietnamese biggest enterprises list in terms of revenue this year, while the Vietnam Dairy Products Joint Stock Company has been named the country's largest private enterprise.

Prime Minister Nguyen Tan Dung on December 5 issued an order to open to traffic the Hanoi-Hai Phong highway, the most modern of its kind in Vietnam.

Lending rates at Vietnamese banks have dropped to their lowest level since the beginning of this year, while deposit rates have been increased, HCM City Securities Corporation claim in a recent survey.

Over 70 percent of businesses in the Mekong Delta are suffering from the potentially devastating effects of climate change, said Nguyen Phuong Lam, Vice Director of the Can Tho Chapter of the Vietnam Chamber of Commerce and Industry.

The Civil Aviation Authority of Vietnam, central Binh Dinh provincial People’s Committee and relevant agencies on December 3 approved adjustments to the Phu Cat airport plan to 2020 with a vision to 2030.

With the International Monetary Fund including China's yuan in its elite reserve currency basket, impacts from the step on Vietnam's economy will depend on its preparation, according to experts.

Vietnam’s GDP growth is likely to reach 6.5 percent this year as the country’s economy has weathered the recent turbulence in the external environment fairly well, said the World Bank’s latest report.

Minister of Industry and Trade Vu Huy Hoang and European Commissioner for Trade Cecilia Malmstrom signed an announcement on the official conclusion of negotiations on the EU-Vietnam Free Trade Agreement in Brussels.

FPT, Vietcombank, PetroVietnam Gas (PVGas), Vinamilk, and Vingroup are five Vietnamese enterprises that appeared on the Asia300 report, which was released recently by Nikkei Asian Review.

The outlook for the Vietnamese banking system is stable, driven by the country's good economic growth and stabilising asset quality and good liquidity, according to a Moody's report released early this week.

The 2015 year-end Vietnam Business Forum (VBF) officially opened in Hanoi on December 1 under the theme “Enhancing Enterprise Competitiveness for Global Integration”.

Falling oil prices have affected the National Oil and Gas Group (PVN)’s targets on projected revenue and contribution to the State budget, said Do Chi Thanh, Deputy General Director of the group.

The ports of Vietnam saw auto imports surge 82.8% in volume and 91% in value on-year for the eleven months January-November of 2015, according to the latest figures of the General Statistics Office.

The US was Vietnam’s biggest export market in the first 11 months of 2015 with a turnover of 30.6 billion USD, up 17.6 percent year-on-year, said the General Statistics Office.

HCM City is leading the country in terms of FDI projects while 16 provinces have failed to attract the investment according to a new report by the General Statistics Office.