Business

North-South railway to get US$50 capital injection

North-South railway to get US$50 capital injection

The total investment in the railway route is estimated at more than US$50 billion, said the Ministry of Transport (MoT) on January 18.

VinFast to showcase models at Paris Motor Show

VinFast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, completed the contract of two model sedan and SUV cars with leading designer Pininfarina on Thursday.

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MoIT to support steel businesses

The Ministry of Industry will continue to support local steel enterprises this year in their production and business, especially use of trade defence measures protecting the domestic steel industry.

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MoF tightens casino supervision

Casino establishments in Viet Nam must soon equip their venues with features like a working camera system to aid the Ministry of Finance (MoF) in supervising the casinos’ operations, as part of the MoF’s plans to legalise casino activities

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HCMC industrial zones seek $900m this year

The HCM City Export Processing Zones and Industrial Parks Authority (Hepza) hopes to attract new investment worth US$900 million this year.

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Mai Linh Taxi plea for debt deadline extension denied

Vietnam Social Insurance Agency has turned down Mai Linh Taxi's proposal to extend their insurance payment deadline to 2038.

 >>  Mai Linh Taxi begs government for subsidy
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Positive signs for Vietnam's rice exports

Vietnam’s rice export industry has a bright future with good contracts after having a successful year.

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Vietnam hindered by weak logistics

PM Nguyen Xuan Phuc has asked the Ministry of Transport to investigate the high transportation fees which are affecting local import-export companies.

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Maximum credit growth this year is forecast to be just 18-19 percent, meaning that the banking system will not use up the increased room of 21 percent.

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Hanoi, Danang and HCM City’s taxi associations have sent a joint petition to Prime Minister Nguyen Xuan Phuc, asking for him to intervene to guarantee a fair business environment.

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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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