Business

The domestic retail price of RON 92 petroleum increased by VNĐ357 to reach VNĐ16,426 (73 US cents) per litre as of 3pm on Thursday, the Ministry of Industry and Trade (MoIT) said.

Police in Thailand have found a Vietnamese company organising an illegal tour to the country and detained the tour guide and the leader of the tour.

Military-run telecom group Viettel has recorded a pre-tax profit of VNĐ1 trillion (US$41.2 million) from its overseas investments in the first half of 2017, a 156 per cent year-on-year increase.

South Korea has surpassed the US, the EU, and ASEAN for the first time to become Vietnam’s second-largest trade partner.

Mitsubishi Motors plans to produce electric cars using advanced technology in Vietnam, Osamu Masuko, its CEO, said to Prime Minister Nguyễn Xuân Phúc on Tuesday.

The Ministry of Agriculture and Rural Development has raised warnings about possible over supply of pork while farmers are positive that prices will rise.

Hanoi has banned ride-hailing apps, including Grab and Uber, from offering ride-sharing service following the Ministry of Transport’s recent ruling.

New international routes have opened up to and from Vietnam to meet increasing demand from both business people and travelers.

Shares prices of FLC Faros Construction Company (ROS) have been on the rise after the firm paid a share dividend of 10% on record as of July 4.

Vietnam must develop small and medium hydropower plants as well as make use of renewable energy to avoid energy shortages, according to Tran Viet Ngai, Chairman of the Vietnam Energy Association.

The State Bank of Vietnam (SBV) is drafting a new circular that will guarantee non-residents in Vietnam more rights to make deposits in both Vietnam dong and foreign currencies at local banks and prevent cash speculation.

While Vietnamese garment companies think the domestic market is too small, foreign investors consider Vietnam the "new land" to exploit, with the garment market worth US$4.5 billion.

Viettel, the telecom group, and Tan Can Sai Gon (SNP), a port developer, are the two names topping the list of military companies sought by investors.

Boat tours on the Red River in Hanoi has consistently failed to attract tourists over the past 20 years.

The Ministry of Industry and Trade (MOIT) has said that the supply of E5 bio-fuel will be able to meet the entire market demand when RON 92 petrol is completely replaced by E5 bio-fuel from January 1, 2018.

Vietnam has 13 commercial banks listed among the Top 1000 World Banks 2017 released recently by The Banker, the global financial intelligence agency since 1926.

Trade deficit for the whole of 2017 is forecast at US$5 billion, equal to 2.5% of export turnover, lower than the level permitted by the National Assembly, said the Ministry of Industry and Trade.

Nearly one thousand employees at the loss-making Dung Quat Shipyard are worried about losing jobs as the business is facing bankruptcy.

Vietnam’s medium-term outlook remains positive, with gross domestic product projected to increase slightly to 6.3% in 2017, according to a report released by the World Bank on July 13.