News
Vietnam rules out interest rate cuts despite record-low inflation
The State Bank of Vietnam said it will not lower interest rates any time soon even though inflation has been slowing down. Bank deputy governor Nguyen Thi Hong told a press conference late last week that low inflation is only one of many factors that have ...
FDI disbursement in Vietnam up 17.9% in 11 months
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated US$13.2 billion from the beginning of 2015 until 20 November, up 17.9 per cent against 2014. Data from the General Statistics Office showed that the country attracted $20.22 billion worth of FDI during the reviewed ...
TPP, AEC seek increased growth in farming exports
Exports of Vietnamese agricultural, forestry and fishery products would be aided by the Trans Pacific Partnership (TPP) agreement and the enactment of the ASEAN Economic Community. According to experts speaking at a seminar on the impact of free trade agreements on Vietnam’s agricultural sector, the TPP ...
Vietnam blocks exports by foreign gold miner over huge back taxes
Two major foreign-invested gold mining companies in the central province of Quang Nam will not be allowed to resume exports until they pay VND387 billion (US$16.93 million) in back taxes, a government spokesman confirmed at a press conference on 27 November. Nguyen Van Nen was responding ...
In the Mekong Delta poorest homes, education takes a back seat
Poverty and a lack of parental support have forced many children in the Mekong Delta to drop out of school and face a very high risk of falling deeper into poverty. Many children in An Giang Province sell lottery tickets or earn money from casual, low-pay ...
Vietnam mulls trade remedies against cheap steel imports: report
Vietnam may take remedial action against imported steel as an influx of cheap imports has reportedly threatened the local steel industry. News website Bao Dau Tu reported on 27 November that local producers have received support from Deputy Prime Minister Hoang Trung Hai. He ordered the Ministry of Industry ...
Vietnam PM wants $3 billion in unpaid taxes collected by year-end
Prime Minister Nguyen Tan Dung on 27 November ordered local governments and state agencies to collect VND70 trillion (US$3.06 billion) in back taxes by the end of the year amid budget concerns. The order came as the government is expected to fall short of its revenue target ...
Vietnam attends Vientiane Expo 2015 in Laos
Vietnamese enterprises are displaying handicraft items, food and technologies at the Vientiane Expo 2015, which kicked off in Vientiane, Laos on 28 November. Keep reading ...
The night the lights went out
Underscoring Cambodia’s heavy dependence on imported electricity, the lights went out not just in Phnom Penh but across provinces nationwide on Thursday, an unprecedented blackout that Prime Minister Hun Sen said was caused by an electrical fault in neighbouring Vietnam. Between about 10pm and 11pm, Phnom ...
November trade deficit narrows to $3.8b
Vietnam’s trade deficit narrowed to US$3.8 billion in the first 11 months of this year, from the $4.1 billion recorded for the first 10 months. According to the General Statistics Office, the reduction was thanks to an $18.8 billion trade surplus achieved by foreign direct investment ...
