Business

The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed to curb government spending.

The consumer price index in April remained unchanged from the previous month, but up 4.3 percent against the same period last year, the General Statistics Office has announced.

The Vietnamese power industry is undergoing an unprecedented transformation, and navigating it requires a full understanding of the entire energy ecosystem, experts say.

Vietnam earned an estimated US$604 million from the export of aquatic products in April, bringing the total figure of the year’s first four months to about US$2.1 billion, representing a year-on-year increase of 8.2%.

Deputy Prime Minister Truong Hoa Binh has urged the Government Inspectorate to investigate a giant pulp project in Nghe An Province which has been left idle for years.

Start-up businesses that focus on green growth will have the opportunity to receive funding and access to comprehensive business development support services from the Việt Nam Climate Innovation Centre (VCIC).

Vietnam’s trade revenue is estimated at 125.41 billion USD in the first four months of 2017, a year-on-year increase of 20.1 percent, said the General Department of Vietnam Customs.

Vietnamese citizens, especially the underprivileged, will have access to inexpensive drugs produced by US biopharmaceutical company Gilead Sciences to treat hepatitis C infections.

The Ministry of Trade has urged shopping centres and supermarkets to help the domestic pig sector.

The General Secretary of the Vietnam Banks' Association Nguyen Toan Thang unsurprisingly defended Vietnamese banks charging ATM collecting fees after public complaints about 25 kinds of under-the-counter fees.

The southern province of Long An has launched a number of measures to improve the investment environment and raise the provincial competitiveness index (PCI). By 2020, the province strives to become a modern and sustainable industrial province.

Honda Vietnam is recalling 300 cars of the Civic 15TOP 2016 model over the faulty three-way connector in the cooling system, according to Register Vietnam.

The Ministry of Finance has issued a draft on conditions to lift the ban on Vietnamese playing at casinos.

A subsidiary of the State-owned oil and gas group PetroVietnam and its foreign partners have secured a license to invest in a natural gas pipeline in the south of Vietnam, making it the largest foreign investment project approved this year.

Foreign investors have poured 10.95 billion USD into new and operational FDI projects and to buy stakes in local companies in the first four months of 2017, up 40.5 percent from the same period last year, according to the

Vietnam’s aviation sector must use advanced technologies such as e-commerce for its management, operations and business as it is a trend in global aviation transport, experts said in HCM City.

The fourth industrial revolution (Industry 4.0) will present a challenge for Vietnam’s textiles and garment sector within the next five years, according to Mr. Le Tien Truong, CEO of the Vietnam National Textile and Garment Group.

The Vietnamese Ministry of Agriculture and Rural Development (MARD) has sent its representatives to China to seek outlets for local pork amid the product’s considerable price decline.

The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of "bullying", as he announced new US routes in defiance of mounting airport restrictions.