Economy
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Vietnam will import more LNG by 2025
It is expected that Vietnam will import five million tons of Liquid Natural Gas (LNG) by 2025 due to sharply decreasing LNG output and increasing prices of new gas resources.
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Export earnings from timber, wooden furniture reached 7.3 billion USD
The Ministry of Agriculture and Rural Development (MARD) reported that export revenues from timber and wooden furniture reached 7.3 billion USD in 2016, a year-on-year rise of 1 percent.
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Number of newly-established firms hit a record high in 2016
The Business Registration Management Agency under the Ministry of Planning and Investment (MPI) has announced that the number of newly-established firms hit a record high of 110,100 in 2016, up 16.2 p
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Vietnam stock market remain stable in 2016
Despite the many fluctuations of the world stock market, the Vietnam’s securities market has maintained positive growth rates, Chairman of the State Securities Commission of Vietnam (SSC) Vu Vang said
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With or without the TPP, bilateral trade between Vietnam and the U.S still grow
Participants in a recent conference in Ho Chi Minh City on December 20 affirmed that with or without the Trans Pacific Partnership agreement, trade between Vietnam and the U.S would continue to rise.
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Quang Ninh attracted nearly 2.4 billion USD in 2016
The northern coastal province of Quang Ninh province’s Department of Planning and Investment reported that the province attracted 54.4 trillion VND (nearly 2.4 billion USD) in 2016.
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Lai Chau hydropower plant officially operated
The Electricity of Vietnam (EVN) held a ceremony in the northwestern mountainous province of Lai Chau on December 20 to officially put the Lai Chau hydropower plant into operation.
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Vinamit’s products earn organic certificates of USDA
Vinamit JSChas annouced that it has secured organic certificates for cultivation and processing of farm produce issued by the U.S Department of Agriculture (USDA) and EU-based Ecocert organisation.
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ACV plans to divest from its southern airport service company
Airports Corporation of Vietnam (ACV) is seeking to earn more than 108.6 billion VND (4.8 million USD) by selling nearly four million shares of SASCO.
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Vietnam and Kursk province, Russia enhance partnership
Vietnam welcomes investors from Russia in general and Kursk province of Russia in particular and will provide them with all possible support.
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APEC officials gathered at ISOM in Hanoi
Senior officials from the Asia-Pacific Economic Cooperation (APEC) member economies gathered at the Informal Senior Officials Meeting (ISOM) in Hanoi on December 9 to discuss priorities and key activi
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Moody’s: Vietnamese banking system remains stable
The latest forecast of Moody’s Investors Service said that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that Vietnam’s macroeconomic stability
