The Ministry of Trade and Industry has asked the Government to allow coal exports to solve inventories, said an official with the ministry's Power Department.

The country's tax revenues in the first five months of this year continued to grow despite reduction in tax collection from crude oil, according to the General Department of Taxation.

Clothing and apparel is expected to remain the country's top export item in the foreseeable future, contributing almost 20% of the projected growth in total merchandise exports in the decade to 2030, according to an HSBC report.

A credit package worth some Us$952.3 million will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction's e-paper.

Lauded as the land of the rising middle class, with surging spending power and plenty of room for retail banking growth, Vietnamese local banks will likely continue to be merge and acquisition targets of foreign investors in the time to come.

National Assembly (NA) deputies made a number of proposals regarding measures for socio-economic development at the 13th NA’s ninth session on June 8 under the chair of Vice Chairwoman Nguyen Thi Kim Ngan.

The packaging industry is experiencing favorable growth thanks to its close relationship with export activities and such sectors as foodstuffs and consumer goods production which are experiencing improved performance, the Vietnam Economic News (VEN) reported on June 8.

(VOV) -The recently signed free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EAEU) seeks to double bilateral trade to US$7 billion by 2015 and reach US$10 billion by 2020.

The competitiveness of Vietnamese agricultural and aquatic products is weakening compared to that of foreign counterparts in the global market, leading to a dramatic fall in these commodities’ exports so far. 

(VOV) - Vietnam imported 2.87 million tonnes of corn valued at US$622 million in the first five months of this year, up 30% in volume and 17% in value over the corresponding period of last year.

(VOV) - A pilot kaoliang growing project by Japan- wholly invested Sol Holding Vietnam Company is underway in Dong Nai and Dak Nong provinces.

PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) on June 7 signed the EPC Contract with an international contractor consortium to revamp the Phu My NH3 and NPK complex.

Japanese Aichi Tokei Denki Co., Ltd, has begun the construction of a US$25 million plant making measuring instruments at Trang Due Industrial Park in the northern port city of Haiphong.

Vietnam’s natural rubber exports in the first five months of this year reached a volume of 330,000 tonnes worth US$475 million, according to the Ministry of Agriculture and Rural Development. 

The Ministry of Planning and Investment recently urged the prime minister and the State Bank to allow Singapore-based United Overseas Bank to become the seventh wholly foreign-owned bank in Vietnam.

Local logistics companies must upgrade their operations to increase their competitiveness in the future as many free-trade agreements (FTA) have been signed, experts said.

A total of 186 State-owned enterprises (SOEs) had been equitised by the end of May, which means another 246 SOEs should complete the process by the end of this year in order to meet the set plan, it was announced at a press conference on June 5.

Malaysia-based taxi-booking mobile app company Grabtaxi continued its expansion plan in Vietnam with the launch of its trial service in Da Nang City on June 3, after its success in Ho Chi Minh City and Hanoi. 

(VOV) -Overseas Vietnamese have raised their recommendations to improve Vietnam’s competitiveness in the global economy at a forum co-hosted by the State Committee on Overseas Vietnamese Affairs and the Party Central Committee’s Economic Commission in Hanoi on June 7.

(VOV) -Vietnam Embassy’s Trade Office in Italy, the General Confederation of Italian Industry (Confindustria), and representatives from different associations have hosted a round-table discussion on how to enhance business cooperation between Vietnamese and Italian business. 

(VOV) - Vietnam’s animal feed industry is likely to achieve stable production in 2015 but transnational companies are driving domestic producers out of the business, leaving many industry leaders to call for tighter regulations by the government.

Small companies are finding it hard to compete with technological and product diversity as they struggle to gain a foothold in the marketplace.

National Assembly deputies expect that Free Trade Agreements (FTAs) will give local enterprises both opportunities and challenges, forcing them to reform if they are to survive and grow. 

The Ho Chi Minh City Police on June 4 detained another member of BBG financial group to look for evidence of illegal trading activities.

Nearly 200 exhibitors joined the 2015 Tinh Bien–An Giang International Trade Fair that opened on June 5 at the Xuan To industrial zone, Tinh Bien district, the Mekong Delta province of An Giang. 

(VOV) -Fresh lychee produced in Vietnam is selling well in markets throughout Asia and Europe, especially in the Republic of Korea (RoK).

The Philippines agreed to buy 150,000 tons of rice from Vietnam in a tender on June 5 and could import additional volumes to avert a potential spike in prices of the staple if adverse weather threatens the local crop.

The free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EEU) will create more export opportunities for some of Vietnam's agricultural, industrial and processed products.

(VOV) - Bulgaria has so far run 10 FDI projects in Vietnam with total registered capital of US$31 million, notably in the areas of manufacturing and information technology.

The European Chamber of Commerce in Vietnam (EuroCham), its Green Growth Sector Committee (EuroCham GGSC) and the International Institute for Sustainable Development (IISD) announced the results of their study to determine the position of foreign direct investors toward energy pricing and supply policy in Vietnam on June 5.