Friday, June 21, 2019 - 6:34:03

Ministry of Industry and Trade MoIT

Businesses grapple with inflation

Business

Businesses grapple with inflation

Increasing input material prices and rising fuel costs and a foreign exchange rate adjustment have forced domestic businesses to lower their 2011 planned net incomes while struggling to maintain their existing market share.

Electricity price to increase in March

Business

Electricity price to increase in March

Prime Minister Nguyen Tan Dung on Feb. 23 signed a decision to increase the average electricity price to 1,242 VND/kWh (not including value added tax) from March 1, up 165 VND/kWh compared with the average price applied in 2010.

Vietnam steps up trade promotions in Africa

Business

Vietnam steps up trade promotions in Africa

The Ministry of Industry and Trade (MoIT) will carry out a series of extensive programmes to penetrate deeper into the African market in an effort to achieve a 20 percent growth in export turnover to the continent in 2011.

Gov’t asks for post-Tet stabilisation

Business

Gov’t asks for post-Tet stabilisation

Prime Minister Nguyen Tan Dung on Feb. 11 issued a dispatch asking ministries, agencies and localities to continue taking comprehensive measures to stabilise the macro economy, curb inflation, speed up production and investment as well as ensure social security after the Lunar New Year (Tet) festival.

Plastics industry needs long-term strategy

Business

Plastics industry needs long-term strategy

Although the fledgling plastics industry has recorded remarkable growth over the recent period, it still faces many difficulties and it is essential to devise a long-term development strategy, experts have said.

Crackdown urged on low-grade fertilisers

Society

Crackdown urged on low-grade fertilisers

The Ministry of Industry and Trade (MoIT) has asked local authorities and relevant agencies to strengthen the management of fertiliser products to prevent the purchase and use of fake and low quality products.