Vietnam, Russia oil and gas firms step up cooperation

Vietnam, Russia oil and gas firms step up cooperation

Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam) Tran Sy Thanh and Chairman of the Management Committee of Russian gas group Gazprom Alexey Miller discussed a broad array of future cooperation fields at their recent working session in Moscow.

Deputy PM gives direction to prevent 'double' inflation

Deputy PM gives direction to prevent 'double' inflation

Deputy Prime Minister Vuong Dinh Hue has asked the State Bank of Vietnam (SBV) to actively and proactively direct monetary policy; closely combine with fiscal and macro-policies to control inflation; and prevent 'double' inflation caused by higher foreign exchange rates and global fuel prices.

Ministry aims to mobilise resources for transport infrastructure

Ministry aims to mobilise resources for transport infrastructure

The Ministry of Transport (MoT) will work on solutions, mechanisms, and policies to push forward the mobilisation of resources for transport infrastructure development in the second half of this year, said chief of the ministry’s office Nguyen Tri Duc.

Hanoi likely to see 21 stagnant key projects in 2020

Hanoi likely to see 21 stagnant key projects in 2020

Twenty-one socio-economic projects in Hanoi are likely to lag behind schedule in 2020, reported Director of the municipal Department of Planning and Investment Nguyen Manh Quyen in a meeting on July 10 between Hanoi’s leaders and heads of districts.

Agricultural land use market needs updated legal framework

Agricultural land use market needs updated legal framework

Farming land transfer and renting activities, motivated by the transition of the agricultural economy towards larger scale modernisation, have become busy recently, initiating the development of the agricultural land use market in Vietnam.

Vietnam, RoK see bright prospects in textiles partnership

Vietnam, RoK see bright prospects in textiles partnership

Vietnam and the Republic of Korea (RoK) have secured successful outcomes in the textiles sector based on their establishment of a cooperative system that supplements one another with technology and human resources.

IFC, TPBank sign deal on US$100 million loan

IFC, TPBank sign deal on US$100 million loan

The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal under which the IFC will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco-, small- and medium-sized enterprises (MSMEs), and individual borrowers through digital delivery channels.

Vietnam’s automobile sales drop 6% in first half

Vietnam’s automobile sales drop 6% in first half

Automobile sales in the two first quarters of 2018 went down 6% compared to the same period last year to reach 125,659 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on July 10.

Hai Phong on track to become country’s third largest city

Hai Phong on track to become country’s third largest city

The northern port city of Hai Phong has achieved high growth in the first six months of 2018 and is moving towards establishing itself as the third largest city in the country, an international trade hub and a driving force for national development, according to the head of the city’s People’s Council.

Commercial banks yet to raise fees

Commercial banks yet to raise fees

Commercial banks have yet to be allowed to hike fees for ATM cash withdrawals, the State Bank of Vietnam (SBV) announced on July 10.