The central highlands province of Kon Tum is withdrawing approval for a VND1.6 trillion cattle project run by Hoang Anh Gia Lai Group (HAG) in Ia H'Drai District, officials said.
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There were more than 44,700 newly established enterprises in Viet Nam with total capital of VND349.5 trillion (US$15.5 billion) in the first five months of this year.
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At the meeting with Price Steering Board lately, Deputy Prime Minister Vuong Dinh Hue ordered ministries to plan more tightened fiscal and monetary policies to help the government and the PM control inflation rate under 5 percent which the National Assembly targeted.
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While the recent violation of Hoàng Anh Gia Lai Group, which issued its bonds on a lower collateral basis, told a story of how risky corporate bond issuances could hurt the market, it did not stop other corporations from issuing their bonds in the country.
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Vietnam’s central bank has permitted commercial lenders to resume dollar loans to export businesses starting June 1, two months after it banned that activity, amid economic difficulties.
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Foreign direct investment (FDI) pledges in the first five months of 2016 reached US$10.159 billion, up 136.4% over the same period last year, the Foreign Investment Agency (FIA) reported.
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The dollar powered higher after Federal Reserve Chair Janet Yellen said the US economy was improving enough to support an increase in interest rates "probably in the coming months."
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