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Power prices should have been increased more: MoIT

Power prices should have been increased more: MoIT

Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if Vietnam Electricity (EVN) had correctly calculated the 3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.

Many sugar mills face uncertain future

Many sugar mills face uncertain future

While the ASEAN Trade in Goods Agreement (ATIGA) has been delayed until 2020, the future of the local sugar industry, with several sugar mills facing closure, remains uncertain, officials said.

Big changes brewing at Vietnam’s top beer maker

Big changes brewing at Vietnam’s top beer maker

After acquiring a majority stake in Vietnam’s top brewery, Sabeco, last year, Thailand’s TCC Group is set to appoint a Singaporean chairman, Koh Poh Tiong, and a new board of directors.

Yala Durian City

Yala Durian City

Recognized as the "king of tropical fruits,” durian is flooding the market in Thailand during this time of the year. The southern border province of Yala is known for its durian of good quality. A target has been set to develop Yala into a durian city.

Producers want fertilizer to be subject to VAT

Producers want fertilizer to be subject to VAT

Fertilizer producers have petitioned lawmakers to add fertilizer to the list of products subject to value added tax (VAT), reports the website of the Ministry of Industry and Trade.

Radical reform needed to improve business climate

Radical reform needed to improve business climate

VOV.VN - Most Vietnamese businesses are encountering difficulties when they come to accessing capital sources, enhancing supply chain connectivity, and dealing with high production costs.

Garment-textile sector eyes 10% growth in 2018

Garment-textile sector eyes 10% growth in 2018

The garment-textile sector is aiming for a growth of 10% in 2018 in spite of huge challenges in the global market, said Le Tien Truong, Director General of the Vietnam National Textile Garment Group.

Vietnam supports domestic automakers

Vietnam supports domestic automakers

A multi-sector working team will be set up to evaluate the domestic automobile market in correlation with global regulations and Vietnam’s free trade agreements.

2017 coffee exports may dip on low stock as uncertainty mounts

 2017 coffee exports may dip on low stock as uncertainty mounts

Coffee exports from Vietnam, the world's second-biggest producer after Brazil, may dip in the calendar year of 2017 due to thin carryover stocks while production of the next crop could be threatened by a lack of water, industry officials said.

Pricing to delay wind power plan

Pricing to delay wind power plan

Vietnam is not expected to meet its target of generating 800 MW of wind power by 2020 as a proposal to increase the regulated selling price of wind power has been postponed.

Supporting industry to get sustained Gov’t help

Supporting industry to get sustained Gov’t help

The Government plans to provide wide-ranging assistance to the domestic supporting industry so that they can increase supplies of parts and components to both local and foreign firms and better participate in the global production chain.

Rubber recovery boosts profits

Rubber recovery boosts profits

Strong recovery of world rubber prices was expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies.

Shrimp sector must cut costs

Shrimp sector must cut costs

Vietnam’s shrimp industry should reduce production costs and improve food safety to improve its competitiveness.

Tra Vinh helps SMEs enhance peanut value

Tra Vinh helps SMEs enhance peanut value

A workshop was held in the Mekong Delta province of Tra Vinh on November 8 to help local small- and medium-sized enterprises (SMEs) to promote the value chain of peanut.

RoK helps Can Tho mechanise agriculture

RoK helps Can Tho mechanise agriculture

The Republic of Korea (RoK) will provide a non-refundable aid of VND99.5 billion (US$4.5 million) for a project to help the Mekong Delta city of Can Tho mechanise its agriculture.