2,971 projects worth over VND 35 trillion postponed

Nhan Dan Online - A total of 2,971 with total investment capital of over VND 35 trillion have been postponed by Ministries, central agencies, localities, economic groups and corporations, in implementation of the Prime Minister's instruction on re-arranging investment projects and budget spending in 2008 which is aimed at curbing inflation, said Mr Le Van Hoc, spokesman of the Ministry of Planning and Investment at a press conference on July 23.

July CPI rises 1.13%

Nhan Dan - The consumer price index (CPI) in July grew by 1.13% over the previous month, the lowest increase so far this year, according to statistics released by the General Statistics Office on July 23.

Chan May petrol port and depots put into use

Nhan Dan - The petrol port and depots at the Chan May-Lang Co Economic Zone was officially put into use on July 22 as it received and stored the first 4,000 cubic metres of diesel oil.

USTDA general director affirms more technical supports to northern bourse

Nhan Dan Online - The US Trade and Development Agency (USTDA) will continue to build technical assistance programme to help boost development of the Hanoi Securities Trading Centre, affirmed Mr Larry Walther, USTDA general director.

Dong Nai attracts over US$2 billion in FDI

Nhan Dan - The southern province of Dong Nai announced it has attracted 50 foreign direct invested projects with a total registered capital of over US$1.9 billion in the first half of this year.

Urgent administrative measures to be carried out to fight petrol smuggling 

Nhan Dan - The Prime Minister has given his approval allowing the application of urgent and temporary administrative measures in controlling petrol trading and fighting against smuggling of petrol in the south-western border region, under an official document issued by the Governmental Office.

Standard Chartered Bank increases stake at ACB 

Standard Chartered Bank has decided to increase its stake in Asia Commercial Bank (ACB) to 15% from 8.84%.

Ministry, garments and textiles businesses discuss measures to boost exports 

Nhan Dan Online - Ministry of Industry and Trade (MoIT) on July 21 organised a meeting with garments ant textiles enterprises in the north to discuss measures to fulfill the export turnover target of the sector set for this year.

EVN Finance licensed

Nhan Dan - Deputy Governor of the State Bank of Vietnam Tran Minh Tuan on July 21 officially presented an operational licence to the Electricity of Vietnam Finance Joint Stock Company (EVN Finance).

Absolute export duties for rice and fertiliser applied

Nhan Dan - The highest absolute export tariff is set at VND 2.9 million for a tonne of rice and VND 5,000 for a kilogramme of fertiliser, according to a decision signed by the Prime Minister on July 21 on absolutes export tariff rates for rice and fertiliser.

Additional assistance to fishermen 

Nhan Dan - Fishermen who are owners of fishing ships or ships that supply services for fishing activities will be provided with oil support.

Foreign investors still keen on Vietnam property market 

Despite global economic slowdown and domestic high inflation, Vietnam’s real estate market remains attractive to foreign investors with a series of large projects licensed recently.

State Bank warns local people not to rush for foreign currencies

Nhan Dan Online - The domestic banking system has sufficient foreign currencies to meet all the demands for foreign currencies of the economy, therefore local people should not rush to buy foreign currency due to psychological elements to avoid unnecessary losses, said an official of the State Bank of Vietnam on its website today.

VN-Index sees sharp decline on retail petrol price hike

Nhan Dan Online - The VN-Index of the southern bourse saw a sharp decline on news that retail petrol price has increased by 30% to VND 19,000 a litre from today.

Retail petrol price up 30% to VND 19,000 a litre

Nhan Dan Online - From 10am July 21, retail petrol prices have all increased with A92 petrol is being sold at VND 19,000 a litre, up 30%.

Hoang Thach cement factory's output hit 1.7 million tonnes

Nhan Dan - Hoang Thach cement factory is reported to have sold over 1.76 million tonnes of cement so far this year, nearly 60,000 tonnes higher than the same period last year, thus contributing to stabilising the domestic cement market.

Foreign currency loan quotas granted to garment and textile group

Nhan Dan - State-owned commercial banks and the Joint Stock Bank for Foreign Trade of Vietnam are requested to provide loans in foreign currencies to members of the Vietnam Garment and Textile Group according to the foreign currencies quotas that these banks have pledged.

New regulations on buying duty free goods in Moc Bai Border Gate Economic Zone

Nhan Dan – The Management Board of the Moc Bai Border Gate Economic Zone has issued the new regulations on doing business and buying duty free goods in the duty free area.

Trade ministry promotes exports to reduce trade deficit

This year’s export value is expected to reach more than US$61 billion, a 26% increase over last year, according to the Ministry of Industry and Trade.

Domestic stock market reverses after month of gains

Nhan Dan Online - Securities offers continued to increase sharply in the last trading session of the week, thus, many listed stocks became decliners this session. The indexes of both southern and northern bourses dropped on July 18, after nearly of month of impressive gains.

Hanoi: office rents remain high

Nhan Dan Online - The office rents in Hanoi have increased approximately by 50% within the past one year and will remain to be high because of small supply while ample new supply is two years away, according to real estate services firm CB Richard Ellis (CBRE) in its Hanoi real estate market second quarter 2008 update.

Construction of region's biggest software park kicked off in HCM City

Nhan Dan - Construction of the Thu Thiem Software Park, the biggest centralised software park in Vietnam and the South-east Asian region, was kicked off on June 19 by Teco-Saigon Tel, a joint venture firm between the Saigon Telecommunication and Technologies Corporation (Saigon Tel) and TA Associates International Pte.Ltd from Singapore, a member of the Teco Group from Taiwan.

Changing shopping habits fuels retail market

Hundreds of customers stood in queues waiting to pay for goods at Hanoi’s Big C Supermarket on the weekend, an increasingly familiar sight that points to a change in the country’s shopping habits.

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