Sunday, May 28, 2017 - 23:51:30

Exports down, imports up

Business

Exports down, imports up

The export growth of almost all commodities in August fell sharply or made no headway after last month’s slight recovery.

According to the General Statistics Office (GSO), the country’s export turnover in the first eight months reached approximately 37.3 billion USD, representing a year-on-year decrease of 14.2 percent. All staple commodities experienced strong falls in export revenues.

Complex tasks to cut losses from grid

Business

Complex tasks to cut losses from grid

Electricity of Vietnam says the goal to reduce annual transmission losses to 8 percent by next year is not feasible because of lack of funds and the complicated nature of the country’s power grid.

Rubber company expands operation

Business

Rubber company expands operation

The Dak Lak Rubber Company (Dakruco) plans to complete cultivation of various cash crops, particularly rubber, on 10,000 ha in 2010 and begin building a latex processing facility.

Dong Xuan company enhances ties with Japan

Business

Dong Xuan company enhances ties with Japan

The Dong Xuan Knitting Company (Doximex) has recently invested around 30 million USD to build a plant complex to produce high-quality knitwear products in northern province of Hung Yen as a bid to boost its cooperation with Japanese partners.

New power plant comes online

Business

New power plant comes online

The PetroVietnam Power Corporation (PV Power) inaugurated the Nhon Trach 1 Power Plant with a capacity of 462.8 MW in the southern province of Dong Nai on August 23.