Business

Some 50 bankers are on a 20-day trial that opened earlier this week in Hanoi for alleged graft and mismanagement causing $69 million in losses, as part of the government’s efforts to crack down on corruption.

The Ministry of Planning and Investment has proposed to remove as much as 3,000 unnecessary business conditions that cause extra costs for many businesses.

Dozens of households at Imperia Garden, a high-grade apartment project in Hanoi, have denounced the project investor for selling apartments which were smaller than advertised.

The Consumer Price Index in August increased by 0.92% compared to the previous month, mostly due to a rise in medicine and petrol prices, according to the General Statistics Office.

Businesses have successfully resumed operations in the Vung Ang Economic Zone in Ha Tinh Province after the Formosa pollution incident last year.

According to the Ministry of Industry and Trade (MoIT), Australia officially approved the import of dragon fruit from Vietnam on August 24, making it the first country to gain such approval.

As it prepares to host the 2017 APEC Summit, the central city is hoping a business convention in September will help it bolster its already-strong record of attracting foreign and domestic investment.

Seafood exports in 2017 could reach US$8 billion for the whole year, up 14% over 2016, as forecast by the Vietnam Association of Seafood Exporters and Producers (VASEP).

About 21,600 car dealers in Vietnam have halted operation, shut down or gone bankrupt as of August 29, according to the Business Registration Management Agency.

The Hanoi People’s Court on August 28 resumed the trial of Ha Van Tham, former chairman of OceanBank, and 50 other defendants in one of the largest corruption cases in recent years.

Toyota Vietnam will start recalling 20,015 cars, including Vios and Yaris models, across the country from August 28 in order to replace airbags produced by the Japanese firm Takata, stated the car manufacturer.

South Korean investments in Vietnam this year surpassed $6.02 billion in August, accounting for 26 per cent of all foreign direct investment (FDI), making it the largest foreign investor in the country.

Low-cost carrier Vietjet Air officially announced its new route connecting Hanoi with Yangon, the renowned tourism city of Myanmar, at a ceremony in Yangon on August 26 on the occasion of Party General Secretary Nguyen Phu Trong’s state visit

The Ministry of Finance plans to cut import taxes on auto parts, in line with the World Trade Organisation’s rules.

The Bkav Technology Group has spent VND500 billion (nearly USD22 million) since 2009 on researching and producing the indigenous smart phone called Bphone, its CEO Nguyễn Tử Quảng has revealed.

Moody's warns of risk from overly focusing on reaching GDP target.

Nguyen Minh Hung, the former director of HCM City-based VN Pharma JSC, has been sentenced 12 years in prison for the smuggling of cancer medicines and falsification of documents.

In recognition of its exceptional performance in Vietnam’s banking sector, HSBC Vietnam was named Best Foreign Bank in Vietnam at the prestigious FinanceAsia Country Awards, the eleventh time in 12 years it has won the coveted prize and the

A bribery and cronyism scandal that has already toppled a South Korean president has claimed a major business scalp after a court sentenced Lee Jae-yong, the acting chairman of Samsung, to five years in prison after finding him guilty