Tuesday, January 22, 2019 - 13:23:44

Lower gas import duty urged

Business

Lower gas import duty urged

The Vietnam Gas Association has recommended the Ministry of Finance cut the import tax on liquefied petroleum gas (LPG) from the current 5 percent to 2 percent to force domestic LPG traders to drop their retail prices, said the association’s chairman Nguyen Si Thang.

Property giant HAGL sets sights high

Business

Property giant HAGL sets sights high

Shareholders of the HCM City-listed Hoang Anh Gia Lai Group, which has interests in property, hydropower development and rubber farming, have approved the management's plans to set higher turnover and profit figures for this year.

Steel prices rise on higher production costs

Business

Steel prices rise on higher production costs

Construction steel prices have gone up to between 12 million VND – 12.8 million VND a tonne, about 600,000 VND higher than three months ago under the pressure of higher prices of many production inputs including electricity, fuel and coal.

Vietnam, WB make good team

Business

Vietnam, WB make good team

Cooperation between Vietnam and the World Bank (WB) has been productive, Deputy Prime Minister Nguyen Sinh Hung said at his meeting with the WB Vice President for Asia-Pacific, James Adam.

More efforts needed to maintain FDI growth

Business

More efforts needed to maintain FDI growth

Addressing the passivity of managers in attracting FDI and balancing investment structure are measures Vietnam needs to implement immediately to maintain FDI inflows and reach an expected growth of investment.

Vietnam saw a fairly good start in FDI attraction in January with 40 projects being licensed with a total registered capital of over 285 million USD, an increase of 78.2 percent over the same period last year. With this result, many economic analysts showed their optimism about this year’s FDI growth.