Economic growth inflation

Major stocks such as PetroVietnam Gas (GAS), Masan (MSN), Vietjet (VJC), Vietcombank (VCB), Vinhomes (VHM), PetroVietnam Power (POW) and Vingroup (VIC) were among large-cap decliners that were hit by strong selling. … [Read more...] about Economic growth concerns still weigh on local stocks

Quang Tri (VNA) – The construction of My Thuy Port started in the south-east economic zone of the central province of Quang Tri’s Hai Lang district on February 27. The port will be built at a budget of 14.23 trillion VND (608 million USD). Over 2 trillion VND of which came from the investor My Thuy International Port Joint Venture Company, while the remainder from other sources. The 685-ha port will be home to 10 wharves capable of receiving ships of up to 100,000 tonnes. It is expected to significantly contribute to freight transport and economic growth of Quang Tri province. During the first stage from 2018-25, four wharves will be built with an investment of nearly 5 trillion VND. There will be another three constructed at the same cost during the second stage from 2026-31, and the remaining three worth more than 4.3 trillion VND in the third stage from 2032-36. The port will mainly serve the province’s south-east economic zone and industrial zones, as well as … [Read more...] about Construction of My Thuy Port begins in Quang Tri

Nguyen Chi Thanh, Deputy Director of the Kien Giang Department of Tourism, said the number of tourist arrivals to Kien Giang will continue to decrease due to the COVID-19 outbreak. The province’s tourism sector is estimated to suffer a loss of 2.4 trillion VND (100 million USD) in revenue in the first quarter of this year. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 27