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.
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.
Hanoi will pilot three bus routes using Compressed Natural Gas (CNG) from August 1, according to the city’s Department of Transport.
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.
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.
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.
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.
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.
Importing Australian cows to fatten and slaughter domestically was once a profitable business, but has changed dramatically in recent years.
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.
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.
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.
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.
Vietnam’s steel industry plans to produce 5.5 million tonnes of crude steel and 5.8 million tonnes of rolled steel this year, according to the Ministry of Industry and Trade.
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.
Vietnam’s shrimp industry should reduce production costs and improve food safety to improve its competitiveness.
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.
Experts have recommended that the Mekong Delta should expand “smart” rice cultivation to reduce production costs and increase profits.
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.
Footwear is a big industry of Vietnam, considered a ‘foreign currency earner’ thanks to high exports every year.