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Difficulties forecast for IPO of Dung Quat refinery operator

 Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Oil Refinery, will conduct its IPO in the fourth quarter with 5-6% of shares to be offered, but certain difficulties are in sight, said BSR board chairman Nguyen Hoai Giang.

2017 growth scenarios discussed by cabinet

In a meeting with cabinet members in Hanoi on May 22 to discuss the country’s 2017 growth scenarios, PM Nguyen Xuan Phuc urged them to actively take measures to realize the growth target of 6.7 per cent this year.

Techcombank to mobilize $220mn from shareholders

Bank plans to increase charter capital from $387.69 million to $607.96 million via selling 500 million shares to existing shareholders.

Encouraged by high profits, more investors jump into property market

VietNamNet Bridge - The number of newly set up businesses in the real estate sector in the first four months of the year increased sharply compared with the same period last year. 

US transfers six coastal patrol boats to Vietnam

 U.S. Ambassador to Vietnam Ted Osius on Monday handed over six 45-foot Metal Shark patrol boats to the Vietnam Coast Guard in Quang Nam Province. 

Ministry admits to failure in localisation rate for car industry

 Minister of Industry and Trade Tran Tuan Anh has admitted that the local car industry has failed to achieve the set localisation rate.

Hoang Anh Gia Lai sells sugar business for $59m

Bien Hoa Sugar JSC and Thanh Thanh Cong Tay Ninh Sugar JSC, two subsidiaries of the Thanh Thanh Cong Group, will take over the sugar business from Hoang Anh Gia Lai Agriculture International for VND1.33 trillion (US$59.1 million).

Price of Vietnam sand rises due to limited supply

 Prices of sand for construction continue increasing in HCM City, following authorities’ orders to strictly monitor sand mining sites for illegal activity.

VN agriculture firms receive Gov’t funds

 State credit institutions will offer enterprises developing national agricultural products 70 per cent of investment capital support, said the Ministry of Planning and Investment (MPI).

Vietnam pocket gold, bronze in Asian gymnastics event

 Vietnam grabbed a gold and a bronze at the Asian Artistic Gymnastics Championships, which concluded yesterday in Thailand.

Hanoi wants Japan-built parking planning

 Hanoi’s People’s Committee has proposed that the Government choose a Japanese company as a consultant contractor to implement the planning of underground parking stations in the city.

Path to EU widened for Vietnamese garments-textiles

Vietnam’s garment-textile sector is expected to expand its markets once the Vietnam-EU Free Trade Agreement comes into force in early 2018, reducing tax on Vietnamese garments and textiles exported the EU to 0% over the next seven years.  

Vietnam undertakes measures to support and develop enterprises

 Vietnam undertakes measures to support and develop enterprises

Vietnam grows strongly after 10 years of joining WTO

 Vietnam has been developing strongly after joining the World Trade Organization (WTO) 10 years ago thanks to expansion of relations and reform policies.

Japan Coast Guard vessel to join anti-piracy drill in Vietnam

  Patrol vessel Echigo of the Japan Coast Guard (JCG) will be sent to Vietnam and the Philippines to take part in joint anti-piracy drills.

Vietnamese Government issues tra fish regulations

 The Government has issued a decree on aquaculture management, and tra fish products processing and export, the Government Office reported.

National Assembly scrutinises socio-economic development

 At the third session of the 14th National Assembly on May 22, the legislature heard the Government’s report on the implementation of socio-economic development and State budget tasks in 2016 and in the first months of 2017.

PM Nguyen Xuan Phuc calls for efforts to achieve growth target of 6.7 percent

PM Nguyen Xuan Phuc has requested ministries and sectors to make greater efforts in order to achieve a growth rate of 6.7 percent in 2017, thus contributing to the accomplishment of growth target set for 2016-2020.

Cambodia’s defence officers welcomed in Hanoi

 Lt. Gen. Phan Van Giang, Chief of the General Staff of the Vietnam People’s Army (VPA), received a delegation of Cambodia’s Defence Ministry led by its Undersecretary of State Phuong Siphan in Hanoi on May 22. 

National Assembly considers reports on State budget balance

 The National Assembly (NA) heard reports on State budget balance and audit in 2015 by government members during a working session in Hanoi on May 22, under the chair of NA Vice Chairman Phung Quoc Hien.