Business

Prime Minister Nguyen Xuan Phuc on Friday attended the ground-breaking ceremony for an amusement park in Hanoi.

The Government Inspectorate has detected a range of financial violations at Vietnam Railways, causing a total loss of VND130 billion (USD6.2 million) to the state budget.

Vietnam enjoyed a trade surplus of 2.45 billion USD in the first eight months of this year, a report from General Statistics Office (GSO) has revealed.

Police and market management agencies in Hanoi have confiscated a large haul of suspect food supplements.

As of August 15,2016, 1,125 Vietnamese project were granted licenses to invest abroad with a total registered capital of 20.38 billion USD, according to the Foreign Investment Agency.

PM Nguyen Xuan Phuc has instructed the Government Inspectorate to work with ministries to investigate the gigantic loss of VND3.3 trillion at PetroVietnam Construction Joint Stock Corporation.

The construction of the long-delayed amusement park and zoo in Vietnam has sped up since the government of HCM City has allowed Vinpearl Joint Stock Company to work with a foreign partner, which is drawing up detailed plans.

Two customers of ANZ Bank have questioned the bank's security after falling victims to a credit card fraud on the same day.

Tan Son Nhat International Airport in Ho Chi Minh City will be upgraded to welcome 40-50 million passengers per year in the phase from now to 2025.

Around 7,500 businesses in Vietnam were dissolved in the first eight months of this year due to business difficulties, up 3.5% on-year, the General Statistics Office said in a report.

PM Nguyen Xuan Phuc has instructed ministries, the State Capital Investment Corporation and relevant agencies to remain aware of group interests and act against corruption in the equitisation of state-owned enterprises.

Silicon Saigon Park JSC began construction of a research and development centre, as part of the ambitious Saigon Silicon City project.

The Ministry of Planning and Investment (MOPI) on August 30 organized a technical and educational trade and investment seminar in Hanoi, for those interested in doing business in Cuba.

The State Bank of Vietnam has warned organizations providing online payment services to bolster their safeguards against fraudulent payments, which have plagued some banks in recent months.

Dutch beer giant Heineken has purchased a brewery in southern Ba Ria Vung Tau province from Carlsberg.

Singapore’s GIC has agreed to buy a 7.7 per cent stake in Vietcombank, one of Vietnam’s biggest commercial banks, in the latest indication of the sovereign wealth fund’s appetite for emerging markets.

Low-cost carrier Vietjet on August 29 announced the opening of two international routes connecting Hanoi with Taipei and Ho Chi Minh City with Kaohsiung (Taiwan) as part of its network expansion plan.

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

The Ministry Agriculture and Rural Development and the Ministry of Health will jointly take samples of the massive frozen fish inventories in the central region to test for unsafe products.