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PM requests solutions to promote building material industry

Prime Minister Pham Minh Chinh has issued a directive on solutions to remove difficulties and promote production and consumption of building materials.

Central bank takes looser monetary measures

The SBV this week also continued to reduce the bill interest rate from 4.2 per cent per year to 4.15 per cent per year.

Massive real estate inventory of $20b poses threat to macroeconomic stability

Vietnam is grappling with significant real estate inventory that could comprise nearly 80 per cent of some developers’ assets, raising concerns of potential bad debt and macroeconomic stability, experts warned.

Electricity stocks struggle on rising material costs

The price movements of Vietnam’s electricity stocks not only go against the domestic market trend, but also against the rising trend of power shares in the region.

Vietnam emerges as second largest supplier of whitefish to US

Vietnam was the second largest provider of whitefish, mainly tra fish, to the United States during the first half of the year, with turnover reaching US$184 million, accounting for 21% of total US import turnover of the product.

Banks issue bonds to raise long-term capital, adhere to regulations

Commercial banks are seeking to issue bonds to raise long-term capital while adhering to capital safety regulations set by the central bank.

Coconut export forecast to hit 1 billion USD this year

The Vietnam Coconut Association has forecast that coconut exports will hit 1 billion USD this year, driven by the signing of a protocol for official export of fresh coconuts to China.

Ministry: winning bids at land auctions far larger than starting prices

The land price frameworks set by local authorities in some cities and provinces are much lower than market prices as local authorities have been slow in updating information about pricing.

Post-SCB scandal, Ministry pushes for stricter penalties on auditing firms

In light of recent financial scandals, most notably the Saigon Commercial Bank case, the Ministry of Finance has introduced a draft amendment to the Law on Independent Auditing that proposes a substantial increase in fines for audit violations.

FTAs give impetus to fulfill footwear export target of US$27 billion

With local businesses taking full advantage of various free trade agreements (FTAs), the leather and footwear industry is projected to fulfill the export goal of between US$26 billion and US$27 billion this year.

Vietnam's Pay-TV Association seeks ban on copyright-infringing websites

The Vietnam Pay Television Association has proposed that the Ministry of Information and Communications (MIC) and internet service providers block access to websites violating broadcast rights, such as the 'Xoi Lac' streaming platform.

Risk of ’virtual price traps’ from suburban land auctions

The land market in suburban districts of Hanoi became ’hotter’ than ever when auctions continuously sold out in the past month.

Vietnam emerges as top destination for Brazilian DDGS

Brazil shipped 322,000 tonnes to Vietnamese market last year, accounting for 47 per cent of its total exports.

Key challenges in unlocking Vietnam's economic potential

The meeting between General Secretary and President To Lam with entrepreneurs from the Vietnam Small and Medium Enterprises Association on the afternoon of August 22 clearly delivered many positive messages.

Taxpayers complain about delays in getting tax refunds

Because it takes taxpayers too much time to fulfill administrative procedures, some people say they would prefer to lose money than spend time on the procedures to get their refunds.

Hanoi welcomes first group of 4,500 Indian visitors

Hanoi welcomed on August 27 the arrival of the first group from a major Indian pharmaceutical company which plans to take 4,500 employees to Vietnam for a two-week tour to visit Hanoi, Ninh Binh, and Ha Long Bay in the northern region.

First bank officially sells gold via app

Vietcombank has become the first bank in Vietnam to stop offering SJC-branded gold bars on its website and sell them through its banking app from August 27.

Vietnam to boost coal trading with Laos

Minister of Industry and Trade Nguyen Hong Dien chaired a working session with energy and mineral enterprises in Hanoi on August 27 to discuss the promotion of coal trading with Laos.

Hybrid models launched into market, Vietnam greening its transport

With the presence of over 10 hybrids, priced from VND500 million to VND1.3 billion, the Vietnamese automobile market has become more bustling.

Vietnamese farmers could earn more by rethinking how they handle straw

In Vietnam, millions of tons of valuable straw are being wasted annually due to the practice of burying it in fields, a habit that not only increases greenhouse gas emissions but also leads to missed economic opportunities.