Prime Minister Nguyen Xuan Phuc on October 29 ordered competent ministries, sectors, and localities to take stronger actions to speed up the disbursement of official development assistance (ODA) and foreign loans for 2020, as disbursement remains at a critically-low level.
The Ministry of Industry and Trade and the Ministry of Finance on October 27 announced adjustments to retail prices of some petrol products, with the price of E5 RON92 and RON95 being cut by 159 VND and 182 VND per litre, respectively.
Many businesses have scaled down production and reduced their workforce due to the COVID-19 pandemic, leading to a decrease in the number of those participating in social and health insurance, as well as an increase in unpaid social security debts, experts have said.
Vietnam’s largest refining and petrochemical firm, Binh Son Refining and Petrochemical JSC (BSR), has estimated that its third-quarter profits stood at more than 171 billion VND (7.37 million USD).
The 11th Party Congress of Ho Chi Minh City for the 2020-2025 tenure on October 17 agreed to adjust down a number of development targets set for the 2020-2025 period.
The disbursement of capital sourced from the central budget for public investment purposes had reached 29 percent of the annual plan as of September 30, according to Truong Hung Long, Director of the Department of Debt Management and External Finance at the Ministry of Finance.
A new decree released by the Government will allow State-owned commercial banks to save cash to increase their strength instead of paying dividends to shareholders.
The price of RON95 petrol rose by 138 VND per litre while that of bio-fuel E5RON92 was adjusted up by 53 VND per litre in the latest review of prices on October 12.
The development of HCM City's Northwestern Urban Area is expected to attract increased investment, drive economic growth of neighbouring areas, and strengthen relations with Cambodia and other ASEAN countries.
As one of four countries, alongside Germany, Switzerland and the UK, with the best HIV/AIDS treatment in the world, Vietnam has a rate of HIV-infected people receiving antiretroviral (ARV) treatment with a viral load below the inhibitory threshold reaching 96 percent, contributing to reducing HIV infection in the community, a health official has said.
Vietnam Electricity (EVN) will auction more than 13 million shares in its affiliate Dong Anh Electrical Equipment Corporation JSC (EEMC) at the Hanoi Stock Exchange (HNX) on September 28.
COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.
Three component projects of the North-South Expressway whose investment model was shifted from public-private partnership (PPP) to public investment model have attracted interest from investors as hundreds of contractors have bought bidding documents.
The new Japanese government will continue the diplomatic policy for Vietnam under the Abe administration, according to Chief Senior Economist at the Japan External Trade Organisation (JETRO) Atsusuke Kawada.
The Finance Ministry has asked for synchronous and drastic measures from the entire political system, ministries, agencies, and localities to step up the disbursement of public investment capital.
The Ministry of Industry and Trade has asked for stronger efforts to ensure national energy security, prioritise rapid and sustainable energy development in connection with protecting ecological environment, and ensuring national defence and security.
The sudden appearance of the COVID-19 pandemic with complex and unforeseeable developments has seriously impacted business and production activities across the country, including projects funded by Official Development Assistance (ODA) capital and concessional loans.
The ceiling retail price of RON95 petrol was adjusted up 192 VND to 15,114 VND (0.65 USD) a litre in the latest review by the Ministry of Industry and Trade and the Ministry of Finance on August 27.
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