The People’s Committee of Bac Lieu province on January 21 granted an investment decision to Singapore’s Delta Offshore Energy Pte.Ltd (DOE) to build a 3,200MW liquefied natural gas-fired power plant.
After being relatively stable last year, the foreign exchange rate of the Vietnamese dong against the US dollar is forecast to be under greater pressure in 2020 due to both internal and external headwinds.
Thanks to the favourable weather this year, sword lilies in Binh Ngoc commune, Tuy Hoa city, Phu Yen province are expected to bloom on time for Tet (Lunar New Year) holiday.
Farmers in the Mekong Delta province of Tra Vinh are entering the mud crab harvest for Tet (Lunar New Year) and earning a high profit of 30 - 35 million VND (1,300 - 1,500 USD) per hectare as demand is high for the coming holiday, which falls on January 25.
Hanoi will not have to face a shortage of pork during the traditional Lunar New Year (Tet) holiday, an official of the capital city’s Industry and Trade Department has said.
Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.
As the Tet (Lunar New Year) holiday is approaching, people in Ho Chi Minh City and across the country are opening their wallets to buy special ornamental plants and imported flowers to decorate their homes for the nation's biggest festival.
The retail prices of petrol were slightly reduced starting 3.30pm on January 15, in the latest review by the ministries of Industry and Trade, and Finance.
The increasing inflow of remittances ahead of the Lunar New Year has replenished the liquidity of the banking system, thus resulting in a steep fall in the interbank interest rates in January, according to insiders.
Prime Minister Nguyen Xuan Phuc on January 14 presented gifts to more than 200 families of social policy beneficiaries, workers and poor households in the Mekong Delta province of Tra Vinh, ahead of the traditional Lunar New Year (Tet) festival.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.
The Hanoi People’s Court on January 13 handed jail sentences to 21 defendants found guilty of “violating regulations on managing and using State assets, causing losses and wastefulness” and “violating land management regulations”.
The Department of Internal Trade (DIT) under the Thai Ministry of Commerce has assessed that the drought situation in 2020 could hurt agricultural production, resulting in continued price increases.
While there are few, if any, signs of the real estate bubble bursting in 2020, the Ministry of Construction said that land prices could increase in some areas.
Prime Minister Nguyen Xuan Phuc on January 10 asked the Finance Ministry to work closely with the Ministry of Planning and Investment to step up public investment disbursement.
Business
