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The state-owned Vietnam National Oil and Gas Group (PVN) has announced that it is continuing with its planned oil exploration work in the East Sea.
The Vietnamese government has asked ministries, sectors and localities to take drastic measures to keep the rate of inflation at somewhere between 15-17 percent, a GDP growth rate at 6 percent and import surplus at 15-16 percent of total export turnover, and reduce State budget overspending to below...
Over 400 FDI projects worth more than US$42.8 billion were registered in the field of real estate in the first half of this year, according to the Ministry of Planning and Investment.
The central province of Quang Tri has announced a master plan to upgrade Lao Bao special trade and economic zone on the Viet Nam-Laos border area by 2025 to include a residential urban area.
Prime Minister Nguyen Tan Dung has agreed in principle on build-operate-transfer (BOT) and other appropriate investment forms for the US$1 billion Van Don airport project in Quang Ninh Province, which attracts South Korean investors.
A new approach is needed to weigh up the foreign-invested sector’s import-export performance.
The Prime Minister on June 30 gave the nod to a master development plan for the Hoanh Mo-Dong Van border gate economic zone in the northern province of Quang Ninh by 2030.
Vietnam has favourable conditions for raising crocodiles and some businesses have already gained initial success in this field. With a specific strategy a reputable Vietnamese crocodile trademark is within reach.
A source from Ministry of Finance said that the agency is drafting an export tariff frame on coal, accordingly the expected tariff may be raised to 20% instead of current 15%. This is seen as one of measures to control and curb export of material coal while the resource is running out.
Agencies, associations, social organisations, businesses and consumers should be aware of the new Vietnamese law on consumer rights’ protection that will become effective on July 1, a ministry official has said.
The government has scaled-up efforts to address a growing trade deficit through imposing higher taxes on used car imports.
The US dollar-Vietnamese dong exchange rate is expected to hold steady to the end of this year, but ANZ and Standard Chartered banks anticipates a dong devaluation early next year.