Business

Controversial new legislation in the US that toughens inspection rules for catfish imported from foreign markets is striking fear into the hearts of fishers in the Vietnamese farm raised catfish industry.

Vietnam is the world’s second largest coffee exporter, after Brazil. However, Vietnam’s coffee export value remains moderate as exports are mostly coffee beans, or unprocessed coffee.

Vietnam’s two beer giants, Sabeco and Habeco, must speed up the sale of State holdings to reduce its ownership to less than 50 per cent, authorities have insisted.

Despite the authorities suspending operations and freezing bank accounts, they have still proved unable to collect VND434bn (USD19.7m) in back taxes from two gold mines in Quang Nam Province.

Vietnam’s economy is expected to expand by 6% or less in 2016, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR).

Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen has met with Mayor of San Francisco to discuss the programme for economic cooperation by 2020 between the two cities.

PM Nguyen Xuan Phuc confirmed at a meeting with the Ministry of Industry and Trade that the government will subsidis such troubled projects as the Thai Nguyen Iron and Steel Joint Stock Corporation's plant.

HSBC's outlook for Vietnam in third quarter shows that the country has recovered from slower growth but still has to overcome many challenges.

Vietnam Airlines was certified as a four-Star Airline by Skytrax, the international air transport rating organization, at the World Airline Awards at the Farnborough International Airshow 2016 in the UK.

Vietnam only exported 380,000 tonnes of rice in June, a decrease of nearly 40% compared to the same period last year, according to the Vietnam Food Association.

Moody’s has assigned first-time ratings this year to Vietcombank and Maritime Bank.

Construction of the Long Thanh International Airport must begin no later than 2019 so that the airport can offer its first services in 2025, said Deputy Prime Minister Trinh Dinh Dung.

PetroVietnam Power Corporation plans to sell its entire 2.88 million shares, equalling a 7.85 per cent stake, in EVN International Joint Stock Company to foreign investors on August 1.

The suspended sale of 13 Coca-Cola nutritional supplement drinks has nothing to do with food safety concerns but was prompted by the lack of a required safety certificate, according to head of the Vietnam Food Administration (VFA) Nguyen Thanh Phong.

Import surges of colour-coated iron sheets from China and the Republic of Korea (RoK) have resulted in the Ministry of Industry and Trade (MoIT) initiating the process of invoking emergency safeguards.

Deputy PM Truong Hoa Binh has urged the Ministry of Industry and Trade to inspect former minister Vu Huy Hoang’s appointment of his son to a key position in one of HCM City’s largest state-run beverage companies.

Việt Nam should raise policies to encourage the development of affordable rental housing in an effort to resolve the severe shortage of housing for low-income earners, experts said.

Forbes Vietnam has announced the list of brands with a total value of about US$5 billion on June 27, adding that they were selected from more than 300 local brands.

The gold fever which hit the Vietnamese market over the last few days has begun to cool down as prices began sharply falling on July 7.