Business

Australia may lift Vietnamese shirmp ban

Australia may lift Vietnamese shirmp ban

Australia is considering lifting its ban on the importation of Vietnamese shrimp and uncooked shelled shrimp, which has had a negative impact on Vietnam’s shrimp exports.

Ministry admits to failure in localisation rate for car industry

Minister of Industry and Trade Tran Tuan Anh has admitted that the local car industry has failed to achieve the set localisation rate.

 >>  Car imports from India, Indonesia continue rising
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Vietnam stands firm with full-year growth target of 6.7%

The Vietnamese government will not revise its growth target for 2017, remaining determined to ensure the economy will grow by 6.7%, Deputy Prime Minister Truong Hoa Binh told the National Assembly on May 22.

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USD190m solar power plant to be built in Thanh Hoa

Thanh Hoa Province have agreed a USD190m solar power project at a local industrial zone.

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Foreign cafes’ struggle in Vietnam

Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Vietnam, ending a 10-year stint in Ho Chi Minh City and Hanoi due to slow expansion, high rents and an unsuitable business model.

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APEC ministers pledge free trade

Trade representatives of the 21 Pacific Rim countries, meeting this weekend in Hanoi, reaffirmed their commitment to support free and open trade and pledged to fight all forms of protectionism.

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APEC trade ministers seek deeper cooperation

Trade ministers from the 21 Pacific Rim countries gathered during a major trade meeting on Saturday in Hà Nội to discuss future plans for regional trade co-operation amid growing fears of protectionism, as well as changes in politics, economies

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Refreshing breeze of transparency: a list of ineligible projects

A list of all housing projects in which foreign organisations and individuals are not allowed to make purchases is being publicised by local authorities at the urgent bidding of the government.

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With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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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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