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Two state-owned Vietnamese companies looked set to win deals to supply a total of 800,000 tons of rice to the Philippines, the Southeast Asian nation's biggest purchase of the grain in three years as it looks to bolster dwindling stocks.
Vietnam posted a trade deficit of $196 million in March, lower than an initial government estimate of $300 million, Vietnam Customs said on Tuesday.
Ho Chi Minh City announced a ten year plan, on Monday, targeting to triple its residents' average annual income while investing heavily in road projects.
The country’s sugar plants churn out enough bagasse to produce a lot of electricity, but high capital costs and low power prices dissuade investors.
The Ho Chi Minh City Tax Department has ordered seven individuals to pay VND182 billion (over US$8.5 million) after concluding they evaded taxes in their acquisitions of food chain Pho 24 and Hoan My Hospital.