Business

National flag carrier Vietnam Airlines has announced to earn pre-tax profits of roughly VND1.92 trillion (USD82.42 million) in the first half of this year, up 87% on-year, doubling the set target.

Plastic companies are facing possible bankruptcy after 4,000 tonnes of plastic scrap, raw material for their production, have been held up at ports for tests to ensure they meet import criteria.

The Vietnam Renewable Energy Week 2018 will take place from August 21-26, aiming to seek solutions to promote the development and use of renewable energy in the country.

Prime Minister Nguyen Xuan Phuc hosted receptions for Mike Spanos, CEO of the Asia, Middle East, and North Africa unit of the US-based PepsiCo, Inc.; and Sarath Ratanavadi, founder and CEO of Thailand’s Gulf Energy Development, in Hanoi on

The latest ‘tiger’ economy in Asia is Vietnam as the country emerges as one of the world’s fastest growing economies, said the Qatar National Bank (QNB) in its weekly ‘economic commentary’ published on thepeninsulaqatar.com.

Hanoi Chairman Nguyen Duc Chung has said they would cancel 47 stagnant projects, some of which were 17 years behind schedule.

The northern central province of Thanh Hoa has proposed construction of a VND3.077 trillion (USD139.86 million) coastal road.

Vietnam Airlines has officially launched its largest promotional program, with the theme “The Gold Autumn 2018”, from August 15 until the end of the year.

The Vietnamese banking sector has set a goal that at least one bank be ranked among Asia’s top 100 by late 2020.

The 2019 regional minimum wage will be increased by 5.3% on average, equivalent to between VND160,000 (US$6.88) and VND200,000 (US$8.6) depending on each region, the lowest wage increase level so far.

Fresh longan will be served passengers on Vietnam Airlines’ international and domestic flights departing from Hanoi and Ho Chi Minh City.

Vinamilk, Vietnam’s largest dairy producer, will splash out some VNĐ4 trillion (US$171.3 million) to develop a 6,000-ha complex of hi-tech dairy farms in the Mekong Delta city of Cần Thơ under a newly-inked agreement with Sông Hậu Farm Corporation.

ANZ has forecast strong GDP growth this year and next as Vietnam continues to attract FDI inflows and expand its manufacturing base. According to Mr. Khoon Goh, Head of Asia Research at ANZ, GDP in Vietnam will be 6.8

Moody’s Investor Services projected Vietnam’s annual GDP growth to stay at around 6.4% during the 2018-2022 period in its latest report issued on August 10.

Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Vietnam will be eased under a draft circular from the State Bank of Vietnam (SBV).

Vietnam’s gross domestic product (GDP) is expected to grow 6.83 per cent in 2018, almost unchanged from 6.8 per cent over the same period last year.

The southern province of Tien Giang is calling for VND16.36 trillion (USD727.27 million) in investment for 19 projects.

Prime Minister Nguyen Xuan Phuc held a conference about solutions for the fast and sustainable development of the wood processing industry and forestry exports while protecting forests on August 8.

The Ministry of Agriculture and Rural Development have urged localities to stabilise pork prices which have been on the rise.