Business

Facebook’s digital ecosystem building in Vietnam welcomed: official

Head of the Party Central Committee’s Economic Commission Nguyen Van Binh welcomed Facebook’s contributions to digital ecosystem building in Vietnam and its selection of the country as a destination for new-generation Oculus virtual reality equipment production.

Illegal real estate activities rampant in Lam Dong

Brokers in Lam Dong Province are using various methods to trick customers including selling ghost projects and famous national scenic spots.

HCM City to host year’s 4th Vietbuild expo

More than 350 companies will showcase their products at more than 1,600 pavilions in this year’s fourth Vietbuild international exhibition at Ho Chi Minh City's Phu Tho Indoor Stadium from November 6-10.

PM attends launching ceremonies for new air routes in Bangkok

Prime Minister Nguyen Xuan Phuc attended launching ceremony for new air routes operated by Vietnamese flag carriers, Viet Nam Airlines and Viejet Air in Bangkok, Thailand ahead of the 35th ASEAN Summit and related Summits.

Vietcombank becomes first Vietnamese bank to open rep office in US

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) inaugurated its representative office in the US, on November 1.

Illegally-imported sugar products threaten Vietnamese firms

Illegally-imported sugar products have seriously affected the Vietnamese sugar sector which is facing numerous challenges.

Vietjet inks deal with Airbus to order 20 latest-generation A321XLR aircraft

New age-carrier Vietjet and aircraft manufacturer Airbus on October 31 signed a contract for 20 brand-new A321XLR aircraft.

Casino and golf course to be included in Thai Binh Economic Zone

Prime Minister Nguyen Xuan Phuc has approved Thai Binh Economic Zone in the northern province of Thai Binh which includes a casino and a golf course.

Vietnam Int’l Retail and Franchise Exhibition kicks off

The 11th Vietnam Int’l Retail and Franchise Exhibition (VIETRF 2019) kicked off in Ho Chi Minh City, on October 31.

Petrolimex officials get disciplinary measures for violations

A former senior official with the Vietnam National Petroleum Group (Petrolimex) is to be investigated for bad management.

Vietnamese customs investigate USD4.3b aluminum origin fraud

USD4.3 billion large amount of made-in-China aluminum falsely-labeled as Made-in-Vietnam before heading to the US and other countries belonged to Global Vietnam Aluminum Company in Ba Ria-Vung Tau Province.

Vietnam market sees sharp lobster prices drop

Many kinds of lobsters in the Vietnamese market including Alaska and Canadian lobsters are seeing sharp falling prices with the US-China trade war is to blame.

Vietjet opens Da Nang - Tokyo Haneda route

Vietjet Air has officially opened flights connecting the central coastal city of Da Nang with Tokyo’s Haneda International Airport, marking its fifth route between Vietnam and Japan.

South Korean-invested firm enforces illegal overtime working

Workers at a South Korean-invested company in the southern province of Binh Phuoc have complained about their excessive overtime.

AFD finances EUR 24.2 million for Se San 4 solar power plant construction

A credit agreement for the construction of Se San 4 solar power plant worth EUR 24.2 million has been inked between the Vietnam Electricity and the French Development Agency.

Chinese-imported Volkswagen at Vietnam Motor Show featured nine-dash line

A Volkswagen Touareg displayed at Vietnam Motor Show 2019 in HCM City had a navigation app containing a map with the Chinese claimed nine-dash line in the East Sea.

SeABank allowed to apply Basel II before deadline

On October 29, 2019 in Hanoi, Southeast Asia Commercial Joint Stock Bank (SeABank) was officially recognized by the State Bank of Vietnam to meet the minimum capital adequacy ratio in accordance with Basel II international standards.

CPI in October shows three-year high rise

The Consumer Price Index (CPI) in October picked up 0.59 percent from September, the biggest increase for the same month during the past three years, the General Statistics Office (GSO) announced on October 29.