Vietnamplus

The retail prices of petrol were reduced as from 3pm on October 16, following a hike earlier this month.

The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

As many as 10,102 scrap containers were held up at Vietnamese ports as of mid-September, a fall of 10,852 containers as compared to the end of 2018, according to the General Department of Vietnam Customs.​

The National Assembly’s Committee for Social Affairs continued its meeting on October 3 on the implementation of autonomy at public hospitals.

Prime Minister Nguyen Xuan Phuc has recently signed a decision to set up the Vietnam National Innovation Center (NIC) under the Ministry of Planning and Investment.

Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.

The retail prices of petrol have been adjusted up as from 18:00 on October 1.

Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Vietnam on its watch list as a frontier market.

The Steering Committee for Price Management held a meeting in Hanoi on September 27, during which Deputy Prime Minister Vuong Dinh Hue said that if there are no unexpected factors, this year’s inflation can be kept at around 3.3 – 3.5 percent.

The Ministry of Finance has postponed its plan of increasing the most-favoured nation (MFN) tariff on imported hot rolled steel coil (HRC) from zero percent to 5 percent after collecting opinions from businesses and experts.

Prime Minister Nguyen Xuan Phuc will chair a conference on renovating and improving the operational efficiency of State-owned enterprises (SOEs), slated for late September or early October.

The north central province of Thanh Hoa will provide more than 1,600 tonnes of rice for some 21,000 students from disadvantaged ethnic minority areas.

The annual Vietnam Finance Forum 2019 was held in the northern province of Quang Ninh on September 19 by the Ministry of Finance, focusing its discussion on the theme of “Fiscal and Financial Policy Reforms as Drivers for Renewing the Growth Model and Restructuring the Economy in Vietnam”.

The State budget’s domestic revenue in the first eight months of 2019 is estimated at 808.8 trillion VND (34.8 billion USD), according to the Ministry of Finance.

The retail prices of petrol have been adjusted down as from 15:00 on September 16.

The Japan External Trade Organisation (JETRO) organised a programme in Hanoi on September 13 to connect agro-aquatic and food product businesses of Vietnam and Japan.

The Ministry of Transport’s 58 billion USD plan for the North-South high speed railway faces daunting financial challenges, the Committee for Management of State Capital at Enterprises (CMSC) has said.

A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.

Insurance companies and their agents face stricter scrutiny as a number of Government decisions designed to regulate agents’ qualifications are set to take effect in November.

The General Department of Taxation (GDT) has proposed to erase 12 trillion VND (516 million USD) out of total 30 trillion VND irrecoverable tax debts.