Prime Minister Nguyen Xuan Phuc kicked off the largest scale and most expensive anti-flooding construction project ever planned for HCM City yesterday, the latest effort by authorities to deal with chronic flooding problems.
The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said.
The Viet Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.
Vietnam is being outpaced in the tourism sector by its regional neighbors due to an astonishing lack of funding for marketing the country internationally. This is despite tourism being a major industry for the country, and the sector being identified as a key area for growth in the recent World Bank-sponsored 20016-2020 economic development plan for Vietnam.
Garment and textile industry exports in the first five months of this year rose 6.1 per cent to US$8.6 billion, according to the Ministry of Industry and Trade.
Credit in the first five months of 2016 grew 5.48 per cent compared to the end of 2015, the highest for the past few years, according to the State Bank of Viet Nam's Credit Department.
Vietnam’s consumer price index (CPI) in June is likely to increase by 0.32% from May, driven by the rising demand for power, fresh water, beverages, clothes, hats, and home appliances amid the hot weather, said the Vietnam Industry and Trade Information Center (VITIC).
CFA Institute Strengthens Support to Corporate Governance and Investor Education in Vietnam commits to collaborate with regulators, stock exchanges and professional training bodies to improve capital market standards.
Greece has agreed a deal to unlock a further EUR10.3 billion(USD11.5bn; GBP7.8bn) in loans from its international creditors, after talks in Brussels.
The US Senate has supported scrapping of the United States Department of Agriculture (USDA)’s catfish inspection programme because critics argued that the programme was wasteful and unnecessary.