Business

Six banks pledge $1.14bn in finance to projects in Quang Nam

Six banks pledge $1.14bn in finance to projects in Quang Nam

Six banks - BIDV, Vietcombank, VietinBank, Agribank, LienVietPostBank, and SHB - pledged credit of VND26 trillion ($1.14 billion) for ten major projects in central Quang Nam province on March 26 at the Investment Promotion Conference.

Labour shortage at rubber plantations in Central Highlands

As rubber prices have risen, rubber plantations in the Central Highlands have faced labour shortages after many were fired as the sector suffered in the past.

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Over 600 tourism enterprises to join in Vietnam International Travel Mart

Hundreds of enterprises and tourism authorities from 25 countries and territories will join with Vietnam at the 5th Vietnam International Travel Mart (VITM Hanoi 2017) in Hanoi.

 >>  First Street Food Fest 2017 to be held in Hanoi
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Customer tricked billions of VND by bank employee

A customer from Hanoi's Cau Giay District has filed a complaint with the National Citizen Bank twice after an employee cheated her out of nearly VND8.7bn (USD382,000).

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Quang Nam holds conference promoting investment

The central province of Quang Nam held a conference on March 26, calling for investments in the automobile support industry, garment-textile, and entertainment services in coastal areas, hi-tech agriculture, and the pharmaceutical industry.

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Nearly USD4 billion to be invested in central highlands

Domestic and foreign investors have registered to pour VND86 trillion ($3.86 billion) into 25 projects in central highlands provinces between now and 2020, the Vietnam News Agency reports.

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Vietnam faces USD10bn shrimp export challenge

Prime Minister Nguyen Xuan Phuc has urged the shrimp sector to achieve export value of USD10 billion by 2025; however, it won’t be easy for the sector to reach the ambitious target.

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Forests enrich illegal loggers: NA deputies

News about forest devastation cases occurring throughout the country have appeared in newspapers recently. Deforestation has also been a hot item on the agenda of the National Assembly’s Standing Committee.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

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The Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) plan to run the first-ever derivatives market by the end of this year, said HNX on March 16.

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