Business

Forestry exports will not be lower than 12 billion USD: Official

Forestry exports will not be lower than 12 billion USD: Official

Forestry exports will be no lower than 12 billion USD this year, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan told a meeting in Hanoi on July 10.

General Statistics Office announces employment data

As many as 1.2 million people have been laid off in the first six months of this year due to Covid-19 pandemic.

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Southern region to face severe electricity shortage

The southern region may face severe electricity shortage starting from 2021, according to the Electricity of Vietnam Group.

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Con Dao Airport extension project to cost VND2.3trn

The runway extension project at Con Dao Airport will reclaim 120 metres from the sea and cost VND2.3trn (USD99m).

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Many industrial zones left idle wastefully

Many industrial zones have been left unused for years, according to the Ministry of Planning and Investment.

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RoK entertainment firm to open first overseas outlet in Vietnam

SM Entertainment, one of the largest entertainment companies in the Republic of Korea (RoK), plans to open its first store in Vietnam, based in the southern hub of Ho Chi Minh City.

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People flock to sell gold as prices rocket

Many people have rushed to sell gold to take advantage of rocketing prices.

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Ha Long tour boats at risk of closing due to lack of customers

Many tour boats in Ha Long Bay may have to close and go bankrupt, said Chairman of Quang Ninh People Committee Nguyen Van Thang at a meeting session with the provincial people's council.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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