Hanoi (VNA) – The Prime Minister has promulgated a decision adjusting up the purchasing price for biomass power. Illustrative image (Source: VNA) Under Decision 08/2020/QD-TTg, which amends and supplements several articles of Decision 24/2014/QD-TTg on mechanisms to support the development of biomass power in Vietnam, the purchase price for electricity generated by combined heat and power generation (CHP) projects...

Singapore (VNA) – Vietnam’s e-commerce market is projected to grow at a compound annual growth rate (CAGR) of 16.3 percent from 9.4 billion USD last year to 17.3 billion USD in 2023, data analytics company GlobalData forecast. Vietnam’s e-commerce market is projected to grow 16.3 percent from 9.4 billion USD last year to 17.3 billion USD in 2023, according...

LSO – Customs clearance of import and export goods has been carried out at five border gates of Huu Nghi, Chi Ma, Tan Thanh, Coc Nam and Dong Dang International Railway Station. However, due to several reasons, the number of trucks going through the border gates remains limited. According to a report of the provincial Customs Department, from February...

Hanoi (VNA) – Vietnam is forecast to lose some 0.41 percent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report by the Asian Development Bank (ADB). COVID-19 impact on GDP of some ADB members (Source: ADB) Under ADB’s report titled “The Economic Impact of the COVID-19 Outbreak on Developing Asia” released late last...

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,195 VND per USD on March 10, down 5 VND from the previous day. Illustrative image (Photo: VNA) With the current trading band of /-3 percent, the ceiling rate applied to commercial banks during the day is 23,885 VND/USD and the floor rate 22,494...

(LSO) - On the morning of March 7, a working delegation led by Minister of Industry and Trade Tran Tuan Anh held a working session with leaders of the Lang Son provincial People's Committee to review local socio-economic performance in the past two months, the fight against COVID-19 outbreak and export-import activities. Attending the meeting were Vice Chairman of...

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,195 VND per USD on March 9, down 2 VND from the last working day of previous week (March 6). Transactions at BIDV (Photo: VNA) With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is...

Hanoi (VNS/VNA) - Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic, the State Bank of Vietnam (SBV) reported. Some 926 trillion VND in outstanding loans belong to borrowers affected...

(LSO) - The Lang Son provincial Steering Committee on State Budget Collection held a meeting on March 4 to review State budget collection in early 2020 and launch tasks for the near future. Vice Chairman of the provincial People’s Committee and head of the provincial Steering Committee on State Budget Collection Nguyen Cong Truong chaired the meeting. In the...

(LSO) - Vice Chairman of the Lang Son provincial People’s Committee Ho Tien Thieu on March 4 led a delegation to inspect the progress of Ban Lai water reservoir project in Loc Binh district. According to the report from the Ministry of Agriculture and Rural Development’s Irrigation Work Investment and Construction Management Board No.2, so far 80 percent of...