EVFTA opens new era in Vietnam-EU trade ties: Italian experts The factory of the Far Eastern New Apparel Vietnam company in Bac Dong Phu Industrial Park, Binh Phuoc province The EU-Vietnam Free Trade Agreement (EVFTA) is hoped to usher in a new period in promoting cooperation and mutual economic development between the two sides as it comes into effect in mid-2019, according to Italian experts. In a recent interview granted to Vietnam News Agency’s correspondent in Italy, Vietnam’s Honorary Consul in Turin Sandra Scagliotti and Chairman of the Italy-Vietnam Chamber of Commerce Fulvio Albano stressed that the new-generation agreement may mark the beginning of a new era in trade relations between Vietnam and the EU. Negotiations and the legal review have been completed for both the free trade agreement and the one on investment protection. The EVFTA process is now awaiting the Council of Europe and the European Parliament to sign and ratify it. The agreement … [Read more...] about BUSINESS NEWS IN BRIEF 22/1
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The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. — Photo thoibaonganhang.vn The rest of this year is likely to be a difficult period for the economy meaning challenges for the Government in achieving the targets set for the year. The problems include a weakening of the dong against the dollar and rising inflation, interest rates and public debt, and the Government will be walking a tightrope in terms of monetary policy. The consumer price index jumped by 2.22 per cent in June and 4.6 per cent from a year earlier, a seven-year high, the General Statistics Office (GSO) reported. Inflation in the first six months of the year was up to 3.29 per cent. GSO experts attributed the sharp increase in inflation in recent months to the rise in prices of several major products and services. Of 11 major categories of goods and services, nine saw prices increasing. Transportation … [Read more...] about Trillion đồng question: to tighten monetary policy or not?
JX Nippon Oil & Energy from Japan may face a fall in the dividends from Vietnam's biggest petrol distributor Petrolimex this year compared to last year’s massive harvest due to downward revisions in the firm’s audited financial statement. JX Nippon Oil may continue to receive sweet fruits from Petrolimex? Last August, the petroleum giant paid a total of VND3.736 trillion ($165.7 million) in cash dividends for 1.16 billion outstanding shares. With the pay-out ratio of 32.24 per cent, each Petrolimex shareholder received VND3,224 ($0.14) per share. At the time, JX Nippon Oil, with a holding of 103,528,476 shares (accounting for 8 per cent of the outstanding shares), received a cash dividend of VND333.7 billion, tantamount to $14.8 million. Petrolimex's assets were reduced by VND4.78 trillion ($209.8 million), or 7 per cent, and its equity decreased by 4 per cent, equalling VND875.4 billion ($38.4 million). Thereby, with positive business outcomes following … [Read more...] about JX Nippon Oil may see reduced dividents from Petrolimex
Twenty-seven more communes and wards this year join family medical practice A health staff member takes blood for testing at An Hòa ward health station in Cần Thơ City’s Ninh Kiều District. Source http://soytecantho.vn The Department of Health in the Mekong Delta city of Cần Thơ this year plans to expand a model of family medical practice clinics to 27 more communes and wards. Family medical practice clinics aim to provide comprehensive and continuous health care services to each local individual and family in order to reduce overcrowding of patients at city or central-level hospitals. These clinics are located at health stations in communes and wards. Each commune or ward has one health station. Cần Thơ aims to equip more than 80 per cent of its 85 health stations with these clinics by 2020. According to Dr Bùi Thị Lệ Phi, the department’s head, the city now has 18 commune-based health stations with family … [Read more...] about Social News 5/4 (Hourly Updated)
Preparations are on track to restart the process of selecting contractors for a key bidding package of Hanoi’s Metro Line 1. The perspective of Ngoc Hoi complex belonging to Hanoi's Metro Line 1 The Ministry of Transport has reportedly agreed with a recent proposal from Hanoi Metropolitan Railway Management Board (MRB) on restarting the process of selecting contractors for tender package HURC1-101 which involves preparing space and weak foundation treatment for Ngoc Hoi complex belonging to the first phase of Hanoi Metro Line 1. According to Deputy Minister of Transport Nguyen Ngoc Dong, MRB is required to send a report about the case to the project donor—Japan International Cooperation Agency (JICA)—to reach a consensus about annulling the previous short-listing results in 2013 and host another short-listing in compliance with Japanese donor regulations and Vietnamese laws. The first phase of Metro Line 1 has just been divided by MoT into two separate … [Read more...] about Major bidding package of Hanoi Metro Line 1 to be restarted