News
Vietnam stock exchange to be based in HCM city
“The Vietnam Stock Exchange to be based in HCM City is within the Government’s goal of quickly turning HCM City into the country’s largest financial center,” Tran Dac Sinh, Chairman of the Management Board of the HCM City Stock Exchange, told business news site Bizlive. As ...
Garment industry moves to weather possible Brexit influence
Vietnam’s garment-textile industry has already taking possible Brexit influence into accounts while conjuring up measures to weather its possible negative impacts. Vietnam’s garment exports to the EU account for approximately 20 percent of the total volume with the UK contributing around 4 percent. Vu Duc Giang, Chairman ...
Proposed Taiwan megaproject in Ha Tinh needs PM approval
Taiwanese firm Wei Yu Engineering’s US$2.5-billion investment proposal in Ha Tinh Province must be approved by the Prime Minister, not the provincial government, said an official. Tran Tu Anh, director of Ha Tinh Department of Planning and Investment, told Dan Tri news website last week that ...
Son Tra Nature Reserve biodiversity threatened
Overlapping efforts and poor management among agencies pose serious threats to biodiversity in the Son Tra Nature Reserve, a biologist said during a dialogue on protecting the red-shanked douc langur. The Da Nang-based reserve is home to 300 red-shanked douc langurs, which are critically endangered and ...
Mekong Delta urged to step up paddy farming
The Ministry of Agriculture and Rural Development has called for provinces in the Mekong Delta to expand paddy farming in areas with favorable weather conditions given positive projections for outbound sales of the staple food later this year. With positive market forecasts by the VFA, Deputy ...
Vietnam in danger of losing shrimp export markets
Vietnamese seafood exporters are scrambling to buy raw materials to compete with Chinese businesses to fulfill export contracts. Local newspapers quoted sources as reporting that shrimp processing workshops in Mekong River Delta are now running at just 50-60 percent of capacity because of the lack of ...
Vietnam spends nearly $1 million/day to import pesticides from China
In the first 5 months of 2016, Vietnam spent US$140 million for the import of Chinese pesticides, or nearly $1 million a day, according to statistics of the General Customs Administration. Specifically, in May alone, Vietnam paid $27 million to import materials and pesticides from China. ...
Incentives may come for solar power investments
The Vietnamese Government plans to develop solar power and discuss incentives to encourage solar energy projects in the country. Government to outline incentive options for PM’s consideration as interest in solar power investments continues to rise. Increasing numbers of investors are expressing an interest in solar power ...
Cashew industry: Time to make a bold move
A recent national cashew forum in Hanoi sponsored by the Vietnam Cashew Association focusing on ways to promote sustainability of the industry, attracted hundreds of stakeholders. The primary constraint that stakeholders face, undermining their efforts to realize the full trade potential for cashews is lack of ...
Three-month suspension of titan mine over reservoir collapse
Vietnam’s Ministry of Natural Resources and Environment has suspended the titan exploitation at Nam Suui Nhum mine for three months due to a reservoir collapse. The 3,000-cubic-metre reservoir of Tan Quang Cuong Ltd. in the Ham Thuan Nam District of Binh Thuan collapsed on June 16, ...
