The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. SEE MORE The Vietnam Biofuel Association has petitioned the Government to replace RON92 gasoline with E5 bio-fuel in eight provinces and cities in a roadmap towards using the bio-fuel nationwide. SEE MORE With a double dose of the Federal Reserve’s possible rate hikes combined with the Chinese yuan’s 1.5% retreat in May, there is concern it could trigger the dong’s further devaluation and have an unkind impact on the local economy as a whole. SEE MORE Despite a gloom in the Purchasing Managers’ Index (PMI) in the region, Vietnam’s PMI continued to expand, reaching a ten-month high of 52.7 in May from 52.3 in the previous month. SEE MORE Cabinet members yesterday focussed their discussions on the country’s socio-economic performance for the first five months of 2016 in general, and for May, in particular. SEE MORE