Deputy PM orders handling of loss-making projects Business

Deputy PM orders handling of loss-making projects

Deputy Prime Minister Vuong Dinh Hue has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.
High consumption to raise steel prices Business

High consumption to raise steel prices

Domestic steel prices are expected to rise in the near future, thanks to increasing construction demand, the real estate market’s recovery and high consumption.
Local steel firms seek temporary import tax Business

Local steel firms seek temporary import tax

Some steel companies want the Ministry of Industry and Trade to put up temporary barriers like higher import tax on steel billet and other products until an investigation into dumping is completed.
Business

Steel imports from China shoot up

Chinese steel landing in Vietnam in the January-April period has seen a yearly increase of 135.4 percent, which is in turn having an enormous impact on Vietnamese steel sector, said Nguyen Van Sua, Vice Chairman of the Vietnam Steel Association (VSA).
Power price hike to raise 2015 CPI by 0.23 percent Business

Power price hike to raise 2015 CPI by 0.23 percent

The 7.5 percent increase in electricity prices from March 16 is forecast to raise this year’s consumer price index (CPI) by 0.23 percent, said Nguyen Anh Tuan, Director General of the Ministry of Industry and Trade’s Electricity Regulatory Authority.

The hike will translate into an additional 4,800 VND (0.22 USD) for each household consuming 50 kWh of power a month, while those using 100 kWh a month will pay about 9,800 VND (0.46 USD) more, he said.