Business

Vietnam and Thailand are striving to increase bilateral trade to 20 billion USD in 2020, as heard a business connectivity conference in Ho Chi Minh City.

September’s consumer price index has increased by 0.59% against last month, which is attributed to the impacts of floods and higher prices of petroleum products.

Former CEO of the Ocean Commercial Joint Stock Bank, Nguyen Xuan Son has just been given the death sentence while the bank's former chairman, Ha Van Tham received a life sentence for appropriating state assets.

The Ministry of Planning and Investment has announced a list of 42 state-funded projects valued at VND43 trillion that have faced ineffective operations and losses.

Huge amounts of locally-produced sugar are stockpiled, while the land given to sugarcane growing plummets as imported and smuggled sugar proves more competitive.

The southern province of Hau Giang has called for investment in seven projects with a total capital of US$261 million at the Investment Promotion Conference, and has already attracted nearly US$88 million as pledged by investors.

In local terms, prime office lease markets in most cities in Asia rose slightly but many are late in the cycle, the latest Savills’ Prime Benchmark Survey found.

Foreign direct investment (FDI) in Vietnam in the first nine months this year hit a record $25.48 billion, up 34.3 per cent year-on-year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

The Ministry of Public Security has announced that they had prosecuted 14 former officials at the Dai Tin Commerce Joint Stock Bank for violating state economic management which caused serious consequences.

Mai Linh Group, one of Vietnam’s biggest taxi firms, saw nearly 6,000 staff leave in the first six months of this year due to the impacts of the fierce competition with app-based taxi services.

The Ministry of Public Security has announced the arrest of three officers of the OceanBank’s Hai Phong branch for their involvement in an alleged fraud that caused total losses of VND400 billion (USD17.63 million) from its clients.

The Ministry of Public Security has detained and launched legal proceedings against chief accountant of the Vietnam National Oil and Gas Group, Le Dinh Mau, for intentionally violating State regulations on economic management causing severe consequences.

Vietnam’s economy continues to perform well despite several setbacks, the Asian Development Bank (ADB) said in a report launched Tuesday.

Uber Vietnam CEO, Đặng Việt Dũng, on Saturday denied rumours that Uber would temporarily halt operations in Vietnam until its tax dues were paid.

Deputy Prime Minister Truong Hoa Binh has requested that Lai Chau province call on strategic investors to invest in rare earth element mines towards deep processing and environmental protection.

Vietnamese and Hungarian businesses had a chance to step up their cooperation in areas such as information-technology and high-tech agriculture at a forum in Hanoi on September 25.

More and more bubble tea brands are now trying to establish by investing in outlets with attractive designs in big cities, particularly Hanoi.

August exports reached $2.68 billion, up 8.6 per cent against July, for an eight-month figure of $16.86 billion, up 8.2 per cent year-on-year.

The Sebrina Holdings PTE. Ltd has just announced that Mr. Jean Paul Pierre Roca does not represent the company.