Tuesday, April 25, 2017 - 23:19:45

HCM City, reliable destination for foreign investors

Business

HCM City, reliable destination for foreign investors

Deputy Prime Minister Hoang Trung Hai has praised Ho Chi Minh City’s efforts to become a reliable destination for foreign investors, being nation’s leading foreign investment attraction locality and one of the country’s top economic centres.

WB assists Vietnam to cope economic crisis

Business

WB assists Vietnam to cope economic crisis

The World Bank (WB) on June 25 approved the eighth Poverty Reduction Support Credit (PRSC 8) worth 350 million USD, up 200 million USD against 2008, in order to help Vietnam overcome the negative impacts of the global economic crisis.

Businesses on rise despite economic decline

Business

Businesses on rise despite economic decline

The Ministry of Planning and Investment (MPI) has reported that 40,000 more businesses registered for establishment in the first six months of this year, representing a rise of 14 percent year on year despite declining production and consumption demand.

Japan slashes taxes on Vietnam imports

Business

Japan slashes taxes on Vietnam imports

Most Vietnamese commodities exported to Japan will enjoy preferential tax rates of between zero and five percent once the Vietnam-Japan Economic Partnership Agreement (VJEPA) takes effect.

PetroVietnam, PVEP sign oil production sharing contract

Business

PetroVietnam, PVEP sign oil production sharing contract

The Vietnam Oil and Gas Group (PetroVietnam) and the PetroVietnam Exploration and Production Corp. (PVEP) on June 25 signed a production sharing contract for Block 05.1(a) of the Dai Hung (Big Bear) oilfield, 265km offshore southern Ba Ria-Vung Tau province.

Undersea cable to power southern islands

Business

Undersea cable to power southern islands

The Electricity Company No 2, an affiliate of the Electricity of Vietnam, will install a 110kV undersea cable in 2010 to provide power to the Phu Quoc island touted as a resort paradise, in the southern province of Kien Giang.

Piaggio factory opens in Vietnam

Business

Piaggio factory opens in Vietnam

Deputy Prime Minister Hoang Trung Hai joined the inauguration of the Piaggio Vietnam Ltd Company’s first factory in Binh Xuyen Industrial Zone, northern Vinh Phuc province, on June 24.

CPI up 0.55 percent in June

Business

CPI up 0.55 percent in June

Vietnam ’s consumer price index (CPI) in June rose 0.55 percent compared to the previous month, according to the General Statistics Office (GSO).

MPI predicts positive developments for national economy

Business

MPI predicts positive developments for national economy

The national economy will see positive developments in the second half of the year although its major industries have experienced sharp decreases in the first half due to the global financial crisis and economic recession, according to the Ministry of Planning and Investment (MPI).