Business

All batches of Vietnam’s catfish products that are imported to the US will undergo quality inspection at the warehouses designated by the US Department of Agriculture.

Former chairman of Southern Bank and Vice Chairman of Sacombank Tram Be has been arrested in a case that caused USD400m to go missing from the banking system.

Hanoi plans to carry out four additional metro projects with a total investment capital of more than USD4 billion by 2020.

Deputy Minister of Industry and Trade Ho Thi Kim Thoa officially submitted her resignation letter on August 1 after she became marred in corruption allegations.

The Ministry of Industry and Trade has opposed the Ministry of Planning and Investment’s proposal sent to the government calling for the termination of the Thach Khe Iron Mine project in Ha Tinh Province.

Middlemen and real estate brokers are making false offers for houses and lands around Long Thanh Airport project, Dong Nai Province, to trick buyers.

Banking tycoon Tram Be, the former Chairman of Southern Bank and Vice Chairman of Sacombank, is the latest to join the list of bankers taken into custody for “deliberately violating State regulations on economic management.

Prime Minister Nguyen Xuan Phuc on Saturday signed Decision 36/2017/QĐ-TTg on the establishment of Thai Binh Economic Zone in the northern province of Thai Binh.

Private enterprises should continuously reform and increase their competitiveness in order to contribute 50%-60% of the national gross domestic product, PM Nguyen Xuan Phuc said.

The Ministry of Planning and Investment has warned about severe environmental risks and has urged the government to immediately scrap the Thach Khe Iron Mine Project in Ha Tinh Province.

Vietnam imported USD19 billion worth of goods from South Korea in the first seven months of this year, making South Korea Vietnam’s largest exporter during the period.

The Taiwan Tobacco & Liquor Corp. is the latest contender joining Vietnam’s dynamic beer market, as it seeks to expand into Southeast Asia in line with the Taiwan’s New Southbound Policy.

The national consumer price index in July rose by 0.11% compared to the previous month, the lowest increase in the July CPI over the past five years, according to the General Statistics Office.

Vietnam has focused on renewable energy development and has set a target to export renewable energy equipment by 2050, said a representative from the Ministry of Industry and Trade.

Prime Minister Nguyen Xuan Phuc has established an economic advisory group led by Vu Viet Ngoan, former head of the National Financial Supervisory Commission.

The Government needs to be aware of the pros and cons of the Internet of Things and Smart Cities, establishing a strategic roadmap for the development to complement the national ICT roadmap.

HCM City has advanced additional VND500 billion (USD22.7 million) to pay contractors for the Ben Thanh-Suoi Tien metro project which is facing the capital delays.

The General Department of Vietnam Customs has set out specific goals for 2017, including efforts to reduce clearance time by 70 hours for exports and 90 hours for imports.

After two weeks of lowering lending interest rates for short-term đồng loans following the central bank’s cue, several commercial banks have reduced their deposit interest rates.