Business

The Ministry of Public Security is investigating into a case where workers at Ha Lam Coal JSC in Quang Ninh Province have accused company bosses of embezzling billions of VND by forcing employees to return bonus payments.

The State budget deficit in the first eleven months of this year stood at VND172.9 trillion ($7.6 billion), according to the latest figures from the General Statistics Office.

The plan to replace RON92 petrol with E5 bio-fuel is underway and is estimated to take effect from June next year.

The government has given in principle approval for Vietstar Airlines to provide passenger and cargo transport services.

On December 6, Vietnam's largest brewer Saigon Alcohol, Beer and Beverage Corporation (Sabeco) will be officially listed on the Ho Chi Minh City Stock Exchange, eight years after its initial public offering in January 2008.

Hanoi will take the lead in improving the business climate and supporting enterprises since their formation, Vice Chairman of the municipal People’s Committee Nguyen Doan Toan said at a dialogue between the city’s authorities and entrepreneurs on November 28.

Up to 10,400 Vietnamese enterprises have gone bankrupt between January and November this year, up 23.3% on-year, according to the General Statistics Office.

The consumer price index (CPI) in the past 11 months of 2016 posted a year-on-year increase of 2.47 percent, the General Statistics Office (GSO) announced on November 28.

The Vietnam Standards and Consumers Association has apologised to consumers, fish sauce producers and management agencies for its false report on Vietnamese fish sauce’s quality.

Total disbursement of foreign direct investment in the first eleven months of this year stood at USD14.3 billion, up 8.3 per cent year-on-year, according to the latest report from the Ministry of Planning and Investment.

Vietnam should have a Plan B for foreign trade and not be overly concerned that the TPP may not come into being, analysts have advised.

The State Bank of Vietnam (SBV) has reassured the market that foreign currency exchange remains under control and that solutions will be applied if needed.

Deputy Prime Minister Vũ Đức Đam has said there is a need for all ministries and relevant agencies to co-ordinate and connect with specific policies to promote electronic payments.

The State Bank of Vietnam has reassured the market that foreign currency exchange remains under control and that solutions will be applied if needed.

Vietnam and Russia pledged to embark on projects in the fields of energy, industry, and mechanical engineering during the visit to the country by Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh.

The Government Inspectorate has reported hundreds of billions of dong in losses by wrongdoings at State Capital Investment Corporation (SCIC).

Nguyen Tran Bat, chairman of InvestConsult Group, talked with DTiNews about the local economy after US president-elect Donald Trump announced he would withdraw from the Trans-Pacific Partnership.

The target of US$6 billion in two-way trade between Vietnam and Italy in 2017-2018 is within reach as the Vietnam-EU free trade agreement is soon to be sealed, President Tran Dai Quang said.

Construction of the new Bến Đình Tourism Port in Quảng Ngãi Province’s Lý Sơn Island District kicked off yesterday.