Press

Vietnam’s 2016 inflation seen picking up, says World Bank

REUTERS Vietnam’s inflation is forecast to pick up to 4.9 percent in 2016, in line with a government target, while increased lending keeps the economy resilient despite a fragile global environment, the World Bank said on Monday. “Inflation is expected to come in just below the official target of 5 percent this year and then

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Construction sector grows 8.8 per cent

VNS The construction sector grew 8.8 per cent in gross domestic product (GDP) for the first half of this year, the highest growth since 2010, reported the Ministry of Construction during a conference in Ha Noi on Thursday on tasks in the second half of this year. In first half of this year, the ministry’s

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NA mulls halting nuclear power projects

Saigontimes The National Assembly (NA) began looking into the possibility of suspending two major nuclear power projects, Ninh Thuan 1 and Ninh Thuan 2, on the afternoon of November 10 although their feasibility studies have been completed. The NA was working on a resolution on this matter in the afternoon, as Minister of Industry and

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Investment in agriculture and rural areas encouraged

VOV A draft resolution revising and supplementing the resolution on exempting and reducing the agricultural land use tax is receiving attention from lawmakers at the ongoing National Assembly (NA)’s second session. It is hoped that the document will encourage organizations, households, and individuals to invest in agriculture and agricultural restructuring toward greater industrialization. Exemption and

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Govt backs tourism businesses with draft law

The Saigon Times With the draft Tourism Law, the government wants to throw its support behind the development of enterprises by creating favourable conditions and policies for them, said minister of Culture, Sports and Tourism Nguyen Ngoc Thien. Thien, who was assigned to present the draft law to a National Assembly (NA) meeting on November

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People’s credit funds to be ranked

Vneconomictimes Annual ranking to be conducted by SBV, with points awarded in five criteria. People’s credit funds in Vietnam are to be assessed and ranked annually under a circular being prepared by the State Bank of Vietnam (SBV). The ranking will be out of 100 points, with criteria including Equity 10 points, Asset Quality 30

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VN targets $10b worth of e-commerce by 2020

VNS The Vietnamese e-commerce market is expected to surge in the next five years, the Ministry of Industry and Trade, which has set an online sales target of $10 billion or 5 per cent of total retail sales, has said. “Vietnamese e-commerce has achieved significant progress, creating infrastructure and becoming very popular with consumers and

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Gold price increases unexpectedly

VNS Sai Gon Jewellery Joint Stock Company (SJC)’s gold price experienced a sudden rise of VND650,000 (US$29.07) per tael (1.02 ounces) compared with the previous session, pushing the selling price to VND36.65 million ($1,639) per tael. The price was recorded at 4pm yesterday. SJC gold selling price at the Doji Gold and Jewellery Corporation (DOJI)

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Vietnam moves up in WB’s Doing Business Report

VN Economic Times According to the World Bank Group’s annual ease of doing business report released yesterday in Washington D.C., economies in the East Asia and Pacific region are steadily making progress to ease the process of doing business. Vietnam ranked 82nd this year in the Doing Business Report after ranking 91st last time. This

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SCIC to sell 9% of Vinamilk by end of year

VN Economic Times The State Capital Investment Corporation (SCIC) will divest 9 per cent of its holding in Vinamilk this year, a senior executive from the corporation has confirmed. Deputy CEO Nguyen Hong Hien told a conference on “State Divestment and Registration to Trade on the Stock Exchange” held on October 25 that “SCIC will

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