Business

Vietnamese airlines have drawn up plans to expand their international presence to serve the increasing demands of both domestic and foreign passengers.

Former Deputy Director of DongA Joint Stock Commercial Bank, Nguyen Thi Kim Xuyen, and several other officials of the bank have just been arrested according to the Ministry of Public Security.

Seafood farmers in Ly Son Island, Quang Ngai Province, have suffered billions of dong in losses after their lobsters died and prices dropped.

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

Foreign investment funds have expressed renewed interested in Vietnamese financial technology startups, despite a series of challenging setbacks that occurred in previous e-commerce deals.

An ASEAN market seminar “Capturing business opportunities in Vietnam’s third largest city: Haiphong” took place in Singapore on April 20, attracting more than 80 participants, mostly Singaporean businesses coming from diverse industries.

Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, according to new data released by international grocery research organisation the Institute of Grocery Distribution.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong has submitted five solutions to Prime Minister Nguyen Xuan Phuc to help the pig-farming industry in the context of a sharp fall in pork prices.

A recent document issued by the Quang Ninh People’s Committee stated that real estate developer Sun Group is the only one chosen to develop a casino in Van Don Economic Zone.

Vietnam’s GDP growth in 2017 has been projected at 6.5 per cent and CPI 4.9 per cent in the IMF’s World Economic Outlook.

There will be major changes in railway services in Vietnam including early booking and big promotions according to the newly-appointed chairman of the Vietnam Railways Corporation, Vu Anh Minh.

Vietnamese beer consumption is predicted to reach 4 billion litres in 2017, up from 3.78 billion litres in 2016.

There is still plenty of room on the Cuban market for Vietnamese businesses, especially in tourism, agriculture, telecommunications and consumer goods, according to the Vietnam Chamber of Commerce and Industry.

China imported up to half of Vietnam’s exported crude oil in the first quarter of this year, according to the Vietnam General Customs Department.

The military-run mobile carrier Viettel officially launched its 4G network on April 18, announcing that it covers 95 per cent of Vietnam’s population with an average download speed of 30-50 Mbps.

Prime Minister Nguyễn Xuân Phúc has given the investment green light to building two large-scale reservoirs with capacities of nearly a million cu.m each.

A local government inter-department inspection team has discovered many construction planning and land use violations at 50 real estate projects in Hanoi.

The World Bank’s Board of Executive Directors has approved a $102 million loan to the Vietnamese Government to support the efforts of industrial enterprises to adopt energy-efficiency technologies and practices.

Prime Minister Nguyễn Xuân Phúc has halted construction of the US$10.6-billion Hoa Sen Cà Ná steel plant in south-central Ninh Thuận Province, while requiring more studies to be completed on the consumer demand and the environmental impact of the plant.