Hanoi (VNS/VNA) – Thousands of businesses will not have to pay for the right to exploit water this year if a plan submitted by the Government is approved by the National Assembly. The Son La Hydropower Dam in the northern province of Son La. (Photo: nangluongsachvietnam.vn) The cut, estimated at 1.4 trillion VND (60.2 million USD), aims to help...

Hanoi (VNA) – Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB). The...

Hanoi (VNA) – Despite numerous efforts of the Government in speeding up the equitisation of State-owned enterprises, some ministries, sectors, localities and economic groups have showed ineffective performance in the work, thus slowing down the progress of the scheme. Illustrative image (Source: VNA) According to the Ministry of Finance’s Department of Corporate Finance, in the first eight months of...

Hanoi (VNA) – Construction steel sales are predicted to recover in the remaining months of 2020 after a fall in the January-August period due to impacts from the COVID-19 pandemic, according to the Vietnam Steel Association (VSA). Illustrative image (Source: VNA) VSA Vice Chairman Trinh Khoi Nguyen said that in the short term, the domestic market will see higher...

(LSO) - On September 10, Mr. Ho Tien Thieu, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee inspected the implementation of the project on building the road to the center of Xuan Duong - Ai Quoc communes (Loc Binh district) and Thai Binh commune (Dinh Lap district); Ban Lai Reservoir Project, Phase I (the...

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,206 VND per USD on September 11, down 5 VND from the previous day. Illustrative image (Source: VNA) With the current trading band of /-3 percent, the ceiling rate applied to commercial banks during the day is 23,902 VND/USD and the floor rate, 22,510...

(LSO) - On Septemeber 9th 2020, Mr. Ho Tien Thieu, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee chaired the meeting on problems of site clearance of development investment projects in August 2020. At the meeting, delegates discussed solutions for problems on site clearance for 9 projects in districts as namely as Binh Gia,...

Hanoi (VNA) – Nearly 90 solar power plants with a total capacity of about 4,000 MWp were put into operation in the second quarter of this year, setting a record so far, the Electricity of Vietnam (EVN) reported. Illustrative image (Photo: VNA) The country now has 102 operational solar power plants with a combined capacity of 6,314 MWp, mostly...

(LSO) - Mr. Nguyen Ngoc Thach (born 1987), Man Duong B village, Mai Sao commune, Chi Lang district is honored to represent Lang Son farmers to receive the title of "Excellent Vietnamese Farmer" in 2020. According to the Decision signed by the Chairman of the Central Executive Committee of the Vietnam Farmers Association dated August 25, 2020, the Standing...

Hanoi (VNA) – The Republic of Korea (RoK) is the fifth largest importer of Vietnamese shrimp products, accounting for 10.7 percent of the country’s total shrimp export value. Illustrative image (Photo: VNA) According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam is exempt from import tax on shrimp in the Republic of Korea up to 15,000...