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The Ministry of Trade and Industry has asked the Government to allow coal exports to solve inventories, said an official with the ministry’s Power Department.
Vietnam’s geographical location in Asia, with good access to India, China and South East Asia, leaves it well-placed to trade with fast-growing neighbors, according to a forecast by UK-based bank HSBC.
The packaging industry is experiencing favorable growth thanks to its close relationship with export activities and such sectors as foodstuffs and consumer goods production which are experiencing improved performance, the Vietnam Economic News (VEN) reported on June 8.
The Ministry of Planning and Investment recently urged the prime minister and the State Bank to allow Singapore-based United Overseas Bank to become the seventh wholly foreign-owned bank in Vietnam.
The country’s tax revenues in the first five months of this year continued to grow despite reduction in tax collection from crude oil, according to the General Department of Taxation.
Vietnamese Minister of Education and Training Pham Vu Luan is on a working visit to France from June 4-9 with a hope of enhancing bilateral cooperation in the field.
Vietnam last week requested that the World Trade Organization (WTO) consider Indonesia’s imposition of a safeguard tariff on its steel sheets.
Vietnam has increasingly become a favourite of foreign investors worldwide, said Il Sole 24 Ore, an Italian national business newspaper.
GE’s Digital Energy, part of US-based energy giant General Electric, today announced it successfully upgraded and energized 14 of the 18 series capacitor banks at the Da Nang–Ha Tinh, Phu Lam–Pleiku and, most recently, the Nho Quan–Ha Tinh transmission lines.
Soft drink giant Suntory PepsiCo has been mired deeply in a dispute with tax authorities over the preferential treatment for its allegedly expanded project in Can Tho city.
Amata Corporation, Thailand’s largest industrial developer, is going to co-operate with the Tuan Chau Group to deploy the construction of Amata-Halong City Industrial Estate on an area of 5,790 hectares in Quang Yen town with a total capital of $1.6 billion.
Vietnam’s leading property developer Vingroup will invest VND19 trillion ($884.6 million) in an amusement-accommodation and ecological park complex in Vu Yen Island in Hai Phong City.
