Economy
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Hi-tech agriculture needs better credit policies
Better credit policies and higher consumption of farming products are necessary to ensure efficient use of funds borrowed for high-tech agricultural projects, experts said at a seminar in Hanoi on Jul
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Nam Cuong group to build first astronomy park in Southeast Asia
The Nam Cuong Group, a big name in the Vietnam’s realty market, said it will invest more than 260 billion VND (11.43 million USD) in a 12-ha astronomy park to the west of Hanoi.
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Hanoi okays spending 957 mln USD in public investment projects
Authorities in Hanoi have approved a proposal by the Department of Planning and Investment to invest nearly 22 trillion VND (957 million USD) in 117 public investment projects, including 103 fundament
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HAGL forecasts 1.6 percent revenue drop in 2017
Agriculture firm Hoang Anh Gia Lai (HAGL) has predicted 6.33 trillion VND (281.5 million VND) in total revenue and 552 billion VND in pre-tax profit in 2017, the company announced at its recent annual
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SCIC posts 844 billion VND pre-tax profit
The State Capital Investment Corporation (SCIC) has declared record pre-tax profit of around 19 trillion VND (844 billion USD) in 2016, which is 3.9 times higher than the profit earned in 2013.
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Reference exchange rate up 9 VND
The State Bank of Vietnam (SBV) adjusted the daily reference VND/USD exchange rate on July 4 up 9 VND from the day ago to 22,440 VND.
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VN to import petrol for next five years
Vietnam is expected to continue importing petroleum products for the next five years as production of major oil refineries is unable to meet the increasing local demand.
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First batch of Luc Ngan “thieu” lychees exported to Thailand
The first batch of one tonne of Luc Ngan “thieu” lychees was exported to Thailand by the Central Group (Thailand) and Hanoi-based Phong Son Tiem Limited Company, according to the Department of Industr
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Retail sale segment- delicious cake for domestic, foreign banks
Both foreign and domestic banks are racing to develop retail sale strategies in Vietnam, the 93-million-people country-a fertile land for banking retail business.
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Tuy Hoa sugar factory to enhance production capacity
Authorities of the central province of Phu Yen have agreed to the Tuy Hoa Sugarcane and Sugar JSC’s plan to raise production capacity.
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Two new thermal power plants licensed
The Ministry of Planning and Investment has licensed two thermo-electric plants in the northern province of Nam Dinh and Thanh Hoa province in the central region.
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Transport ministry to halt carpooling services
The Ministry of Transport has asked ride haling platforms Uber and Grab to stop providing carpooling services.
