Northern Vietnam faces the risk of 4900 megawatts of power shortage in this 2023 dry season
According to EVN's calculations, the northern power system faces a shortage risk of 1600 to 4900 megawatts in May and June.
Facing the global minimum tax
The day the global minimum tax takes effect is drawing near. Seminars have been held over the past two weeks, one after another, to discuss this topic. But a final say about whether Vietnam will uphold the tax has yet to be heard, putting FDI businesses under tenterhooks. Some 90 groups feel the
The return of hope
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period. A predictable fall Securities firms reported lower revenue and profit in the first three months of the year. Leading companies
Ample room for rice exports
Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food. On April 26, the Ministry of Industry and Trade held a conference in HCMC to evaluate rice
Health Ministry urges tight regulation of e-cigarette sales
HCMC – The Ministry of Health has written to the relevant ministries and agencies asking them to raise public awareness of the harmful effects of e-cigarettes and urging tight regulation of the sale, purchase and trading of e-cigarettes and heated tobacco products. Electronic cigarettes, heated
Vietnam PM to attend ASEAN Summit in Indonesia
HCMC – Prime Minister Pham Minh Chinh will lead a high-ranking delegation of Vietnam to attend the 42nd ASEAN Summit in Labuan Bajo, Indonesia, from May 9 to 11. PM Chinh will attend the event at the invitation of the Indonesian President and Chairman of the 42nd ASEAN Summit, Joko Widodo,
Two industrial parks in HCMC added to development planning
HCMC – Deputy Prime Minister Le Minh Khai has approved including two industrial parks in HCMC in the development planning of Vietnam’s industrial parks (IPs). The deputy PM signed Dispatch No. 364 approving the Ministry of Planning and Investment’s proposal for revising the development planning of
SBV buys nearly US$4.9 billion in Jan-Apr
HCMC – The State Bank of Vietnam, or SBV, bought nearly US$4.9 billion in the first four months of this year, thus shoring up the country’s foreign exchange reserves, according to the Ministry of Planning and Investment. As the exchange rate between the U.S. dollar and the Vietnamese dong remained
Rice exports in Jan-April grow strongly
HCMC – Vietnam exported around 2.95 million tons of rice worth nearly US$1.56 billion in the first four months of this year, up 43.6% in volume and 54.5 % in value year-on-year, according to the Ministry of Agriculture and Rural Development. This is the highest growth rate among the key
Navigating monetary policy amid stronger economic headwinds
HCMC – The recent collapse of the First Republic Bank in the U.S. has rattled the financial market. Most of the lender’s assets are being acquired by JPMorgan Chase & Co, which include US$173 billion in loans, US$30 billion in securities and US$92 billion in deposits, international media
Ministry of Finance proposes lowering 35 fees and charges
HCMC – The Ministry of Finance has proposed reducing 35 types of fees and charges from July 1 to December 31 this year to help businesses and households cope with rising costs of production and living. The Ministry of Finance has sent an official dispatch to ministries, ministerial-level agencies
Exports of agro-forestry-fishery products plunge over 13% in Jan-Apr
HCMC – Vietnam’s agro-forestry-fishery product exports reached US$15.66 billion in the first fourth months of the year, down 13.3% over the year-ago period. According to the Ministry of Agriculture and Rural Development, the country’s exports of agro-forestry-fishery products were estimated at
