News
G-bonds to fund infrastructure projects
A total amount of VND14.2 trillion (US$634 million) from Vietnam government bonds, which is the remaining capital from expansion projects on National Highway 1A and Ho Chi Minh Highway passing through Central Highland region, will be used to construct 17 new projects and repair dozens ...
Lam Dong residents concerned after water pipeline ruptures
The authorities of Lam Dong Central Highlands Province have confirmed that the environment was not affected after a water pipeline ruptured, though local residents remain concerned about long term consequences. The pipeline that broke on 13 February is part of the Tan Rai Aluminium Plant, in Loc ...
Vietnam's credit institutions asked to up lending to boost business
State Bank of Vietnam Governor Nguyen Van Binh on 17 February asked credit institutions to boost lending right after Tet (Lunar New Year) in a move to support businesses. Under Directive No819/NHNN-VP, the Governor asked the institutions to effectively enhance their capital mobilisation to be able to ...
Vietnam wants more foreign investors for stock market after bullish year
A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam’s securities market to keep attracting foreign investors this year, a senior official has said. Speaking to news website VnEconomy on 16 February, Vu Bang, chief of the State Securities ...
Mekong reels from drought, saltwater
Drought and saltwater intrusion have worsened in the Cuu Long (Mekong) Delta this year, threatening rice crops and the daily life of residents. Le Thanh Hai, deputy director of the National Centre for Hydro-Meteorological Forecasting, said: “Saltwater intrusion [began in] November 2015, one and half months ...
Fish kill blamed on pollution
A total of 1,119 tonnes of fish raised in cages along the Cai Vung River died from 3 to 9 February, according to the latest statistics released by the An Giang and Dong Thap provinces’ agricultural sector on 15 February. The Cai Vung River is the ...
Lao Cai braces for ‘tourism year'
The northern province of Lao Cai is concentrating on developing local tourist attractions in order to host the National Tourism Year in 2017. Ha Van Thang, Director of the Lao Cai Culture, Sports and Tourism Department, said the province will create a series of local tourism ...
New auto sector strategy released
Vietnamese Prime Minister Nguyen Tan Dung has issued a decision regarding the mechanisms and policies needed to implement the strategy for Vietnam’s automobile industry development through 2025, with a vision toward 2035. The measures will also cover the master plan for Vietnam’s automobile industry development through ...
Programme to focus on sustainable production
Seventy per cent of enterprises with high energy needs and emissions and 50 per cent of industrial production establishments will apply clean and energy-saving technologies by 2020. This is the agenda of a newly approved national action programme on sustainable production and consumption for the period ...
Thai products popular in Vietnam's domestic market
Vietnamese products are facing fierce competition from Thailand imports in the local market as Thai companies increasingly expand their presence in the country. A report from the General Department of Customs (GDC) showed that exports from Thailand reached US$7.5 billion in the first 11 months of ...
