Business

A HK Express flight, a budget airline from Hong Kong, landed in Cam Ranh International Airport on November 9 afternoon, bringing 180 tourists from the Chinese territory to Nha Trang city.

The Vietnamese government has decided to cancel the Ninh Thuan Nuclear Power Plant project as the country will not face a power shortage as previously predicted, while the plant would face difficulties competing with other power sources, an official said.

Recent report from the HCM City Customs Department show that 110 car importers had submitted wrongful tax declarations and owed over VND169.30bn (USD7.56m) in tax arrears.

Despite reporting billions in losses in the first half of the year, the Vietnam Electricity Group has just estimated a profit of VND2trn(USD89.54m) to VND3trn for 2016.

With 85.02 per cent of delegates voting in favor, the National Assembly has adopted a resolution that sets three reform targets for the 2016-2020 period: public investment, State-owned enterprises, and financial institutions.

Bankrupt South Korean shipping giant Hanjin has left up to 4,122 containers at HCM City ports, said the Vietnam Maritime Administration.

The Ministry of Industry and Trade (MoIT) yesterday signed an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Sơn 2 Build-Operate-Transfer (BOT) thermal power plant.

Violations valued at over USD13.63m have been uncovered in the construction of the Ha Long-Van Don Expressway, Quang Ninh Province.

The National Assembly on Monday approved the Resolution on socio-economic development plan for 2017 with the growth rate of around 6.7%.

Lobster farmers in the south-central province of Phu Yen are suffering huge financial losses after their stock died in the recent floods.

Vietnam plans to export chicken to Japan from next year and expand chicken export markets to other Asian countries in 2018, the Ministry of Agriculture and Rural Development said.

Vietnam’s total retail sale and service revenues saw a year-on-year increase of 9.3% to some VND2,896.6 trillion (US$126 billion) in the first ten months of 2016, according to the General Statistics Office (GSO).

One fifth of the kieu hoi (overseas remittance) volume in 2015 has gone into the real estate sector, according to the State Bank of Vietnam (SBV).

A stable macro-economy, quality of growth and speedy economic restructuring are constant goals of the Party and the Government, a senior Party official said yesterday.

Fifty-four per cent of Vietnamese people, or 52 million, are already online; the fifth-largest online population in Asia-Pacific behind China, India, Japan and Indonesia.

About 70 per cent of Vietnamese adults are to have bank accounts by 2020, a State Bank of Vietnam conference in Hanoi was told.

VNPT-VinaPhone officially launched 4G services on the 1800MHz band at a ceremony in Phu Quoc Island, Kien Giang province on November 3, becoming the first 4G services provider in Vietnam.

Vietnam’s consumer confidence index was unchanged in the third quarter from the second quarter, at 107, keeping Vietnam as the seventh most optimistic country globally, according to the latest CCI report released by Nielsen.

A seminar of leading government officials, economists and members of the private sector was held on November 2 in Hanoi discussing measures to resolve the country’s trade imbalance with ASEAN.