Daily Archives: November 4, 2020

Third working day, 2nd phase, of NA

The National Assembly (NA) held the third working day, the second phase, in Hanoi on November 4 with Chairwoman Nguyen Thi Kim Ngan on the chair.Deputies continued discussing the socio-economic and state budget situation. The majority of them agreed wi…

Reference exchange rate down 8 VND on November 4

The State Bank of Vietnam set the daily reference exchange rate at 23,190 VND per USD on November 4, down 8 VND from the previous day.With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,885 V…

Gov’t policy gives auto industry much-needed boost

More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country’s auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu…

Growth target of 6 percent for 2021 is feasible: legislator

Vietnam’s 2021 economic outlook depends on the domestic and global COVID-19 situation, but growth of 6 percent is an achievable target for next year, a lawmaker has said.Talking to the press on November 3 on the sidelines of the 14th-tenure National As…

HNX’s state capital divestment auctions bring in over 1 trillion VND

More than 1 trillion VND (43 million USD) was raised through 11 auctions of shares held by State-owned enterprises on the Hanoi Stock Exchange (HNX) in the first 10 months of 2020.More than 43.4 million shares were put up for sale during the months. So…

Hoa Phat’s steel sales hit over 4 million tonnes in 10 months

Leading steel manufacturer Hoa Phat Group sold nearly 4.14 million tonnes of steel in the first ten months of 2020.Of the total, more than 2.7 million tonnes of construction steel were supplied to the market, up 28.6 percent year-on-year.It exported 43…

Gov’t policy gives auto industry much-needed boost

The tax incentives are in line with Government Decision 57/2020/ND-CP, a policy package aimed at bolstering the development of the auto industry in the next four years, he said.While the tax returns may have hurt the State’s budget collection in the sh…