Business

ADB lending surges to record high to meet rising regional demand

The demand for finance for major infrastructure and development projects in Asia and the Pacific shows no sign of slowing as regional economies seek ways to address moderating economic growth, inequality, and significant environmental risks, says the Asian Development

Cat Bi international airport to access more domestic, foreign destinations

The Cat Bi international airport in the northern port city of Hai Phong will extend its access to destinations at home and abroad in the near future, revealed a local conference on April 21.

PM orders stop to apparent victimisation of cafe owner

PM Nguyen Xuan Phuc has had to intervene to ask HCM City People's Committee Chairman Nguyen Thanh Phong to stop the prosecution of a local cafe owner.

Viettel’s foreign investments remain profitable despite exchange rates

Viettel Group’s total overseas investment increased by 9 per cent to nearly US$1.5 billion last year. According to UK leading research and consulting firm OVUM this compared favourably with the global industry rate of 2.3 per cent.

VTV ponders K+ paid TV service divestment

State-owned Vietnam Television may divest from K+ paid TV following continuous losses at the satellite TV service.

Foreign firms allowed to retail petrol in Vietnam

Several foreign enterprises will be allowed to participate in petrol distribution in Vietnam as they are investing in oil refinery projects in Vietnam, according to the Ministry of Industry and Trade (MOIT).

Vietnam, Russia sign deals on further oil and gas exploitation

Vietnam and Russia signed an inter-governmental agreement on further geological survey and oil and gas exploitation in Russia within the framework of the Vietnam-Russia oil and gas joint venture Rusvietpetro.

Start-up to join global hotel booking network

Local start-up Vntrip will co-operate with booking.com one of the world's biggest online accommodation booking websites.

PM to chair meeting with businesses

PM Nguyen Xuan Phuc has decided to organize a meeting with businesses in 2016 on April 29, 2016 with the theme “Viet Nam’s businesses – the nation’s economic development force”.

Vietnam creates favourable conditions for German investors

An ASEAN Investment Forum entitled 'Invest in Global ASEAN' was co-organised by the Embassies of Vietnam, Malaysia and Thailand in Frankfurt, Germany on April 19, aiming to attract German investors in ASEAN countries.

Vietnam’s stocks down on oil prices after Doha talk

Vietnamese shares fell sharply on both local markets on April 19 as energy stocks suffered from recent falls in oil prices.

IMF, World Bank, UN unite to fight tax evasion

Four of the world's largest multilateral organisations joined hands on Tuesday in the fight to help developing countries fight tax evasion.

Vietnamese toy manufacturers have low market share

Vietnamese manufacturers make toys for outsourced contracts and satisfy the strict requirements set by foreign partners, but cannot cement their positions in the home market.

HCM City to hold int'l travel expo 2016

The International Travel Expo HCM City 2016 (ITE HCMC 2016) will be held from September 8-10 with 400 local and foreign companies participating from over 30 countries and territories.

Vietnam seafood exports to benefit from TPP

With nearly half of its seafood exports going to Trans-Pacific Partnership member nations, Vietnam expects the trade deal to further boost exports to these markets, according to the Vietnam Association of Seafood Exporters and Producers.

State bank works to keep bad debt below 3 pct

The State Bank of Vietnam (SBV) has requested that credit institutions and foreign bank branches intensify their credit quality and bad debt management and submit their bad debt handling plans for 2016 before April 28.

Vietnam, Laos, Cambodia open 4th negotiation round on trade deal

The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area opened in Vietnam’s Central Highlands province of Dak Lak.

Asian fashion portal Zalora is pulling out of Vietnam

Rocket Internet is jumping ship and divesting itself of unprofitable Asian fashion portal Zalora business units in both Vietnam and Thailand, according to TechCrunch media.

Quang Tri province promises maximal support for investors

The central province of Quang Tri held an investment and tourism promotion conference in Dong Ha city on April 17, during which best assistance to investors is committed.

Ministry keen to lift puffer fish catch ban

Even though the plan to export puffer fish has proved a failure, the Ministry of Agriculture and Rural Development still seems keen to promote the industry.

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