Viet Nam is well on the way to hitting one of its key economic targets for the year. State budget revenue in the first six months of this year hit nearly VND745.4 trillion (US$31.9 billion), up 13.2 per cent over the same period last year and 52.8 per cent of the Government’s target for the year. The information was released at a conference yesterday in Ha Noi held by the Ministry of Finance (MOF). According to the MOF, domestic revenue reached 51.1 per cent of the annual target, up 13.6 per cent against 2018, while earnings from crude oil climbed 0.7 per cent to touch 68 per cent of the target. The ministry said budget revenue from import and export activities in January-June was up 13.7 per cent, 59.8 per cent of the goal. The central budget was estimated to have hit 51.5 per cent of the yearly target and the highest level in the past five years. Localities' budgets reached 54.3 per cent of the target, with 50 more than halfway to their target. At the conference, Deputy … [Read more...] about Budget revenue rises 13 per cent in first half of year
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Việt Nam’s six-month industrial production up 9.13%
The processing and manufacturing sector, which accounts for nearly 80 per cent of domestic industrial production, reported the strong IIP increase of 11.2 per cent - a spotlight that led the growth of not only the industry sector but also the whole economy in the period. Photo VNA HÀ NỘI — The country’s index of industrial production (IIP) recorded a year-on-year rise of 9.13 per cent in the first six months of this year, according to the General Statistics Office (GSO)’s latest report. The index was lower than 10.3 per cent seen in the same period last year but higher than 7 per cent and 5.4 per cent in the corresponding periods of 2016 and 2017, respectively. The processing and manufacturing sector, which accounts for nearly 80 per cent of domestic industrial production, reported the strong IIP increase of 11.2 per cent – a highlight that led the growth of not only the sector but also the whole economy in the period, according to GSO … [Read more...] about Việt Nam’s six-month industrial production up 9.13%
Trump supporter charged with mailing 13 bombs across the US, faces 48 years in jail
FBI agents search for clues and evidences at the Auto Zone Store in Plantation, North of Miami, where a suspect was arrested in connection with 12 pipe bombs and suspicious packages mailed to top Democrats. (Michele Eve Sandberg/AFP) Cesar Sayoc, 56, a registered Republican with a criminal past, born in New York and who lived in a van covered in pro-Trump and anti-liberal stickers, was arrested outside a strip mall in Florida. The van was impounded and Sayoc charged with five federal crimes, including mailing of explosives and threats against former presidents, Attorney General Jeff Sessions announced. If put on trial and convicted, he faces up to 48 years in prison in what politicians on both sides of the aisle have condemned as domestic terrorism. "We do believe that we've caught the right guy but ... there's a lot of work still to be done, which means there are still plenty of unanswered questions," FBI director Christopher Wray told a news conference. The 13 bombs were sent … [Read more...] about Trump supporter charged with mailing 13 bombs across the US, faces 48 years in jail
Florida suspect charged over 13 bombs in mail
Cesar Sayoc, 56, a registered Republican with a criminal past, born in New York and who lived in a van covered in pro-Trump and anti-liberal stickers, was arrested outside a strip mall in Florida. The van was impounded and Sayoc charged with five federal crimes, including mailing of explosives and threats against former presidents, Attorney General Jeff Sessions announced. If put on trial and convicted, he faces up to 48 years in prison in what politicians on both sides of the aisle have condemned as domestic terrorism. "We do believe that we've caught the right guy but... there's a lot of work still to be done, which means there are still plenty of unanswered questions," FBI director Christopher Wray told a news conference. The 13 bombs were sent through the mail, many of them through a US Postal Service processing center in Florida, and Sayoc was tracked down based on fingerprint and possible DNA evidence, agents said. The Republican president congratulated law enforcement for what … [Read more...] about Florida suspect charged over 13 bombs in mail
PE investors give stamp of approval
Private Equity (PE) investment in Vietnam remains a significant driver behind its economic growth. According to the 17th survey on PE Investment, released by Grant Thornton in April, the majority of respondents (84 per cent) were positive about Vietnam’s economy. Investment outlook Respondents expressed optimism towards Vietnam’s investment outlook with regard to the acceleration in the level of investment activities, while the country has risen to be the most preferred destination for PE investors in Southeast Asia. In terms of attractive industries, as home to around 95 million people and with an expanding middle and upper class and increasing disposable incomes, Vietnam still expects consumerism-driven industries to be performing well in 2018. There was a significant increase in respondents’ confidence in investment activities in Vietnam in 2018 compared with 2017. While 86.7 per cent of responses (the same as in the last survey) foresaw an increase … [Read more...] about PE investors give stamp of approval