Business

Despite the resignation of Icelandic Prime Minister and Spanish Industry, Energy and Tourism Minister following the leaked Panama Papers, it appears there is little appetite to follow up potential tax evasion involving Vietnam-based businesses.

On May 10, the Ministry of Transport announced the decision to recognise Cat Bi in the northern port city of Hai Phong as an international airport— marking a new chapter in the region’s economic development.

As many as 189 individuals and companies in Vietnam were named in the Panama Papers after the ICIJ publicised information from the world's biggest data leak.

The Directorate for Roads of Vietnam has suggested that Uber and Grab taxis should have signs on their cars to differentiate them from conventional taxis.

Jetstar Pacific Airlines has launched two new routes connecting Hanoi with Chu Lai and Quy Nhon in the central provinces of Quang Nam and Quy Nhon, respectively.

The Tra Vinh People’s Committee has licensed Korean investor Woojin Construction Co., Ltd. to develop the $247.6 million second phase of the Korea-Tra Vinh wind power farm in Duyen Hai town.

The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.

Diamond Island's residents and visitors can now use a water taxi service to travel from the island in HCM City's District 2 to Mong Bridge in District 1.

Hanoi Department of Culture, Sports and Tourism has decided to fine the Tran Anh Company which runs electronic goods stores USD1,920 for employing promotional girls wearing bikinis to greet customers.

Japan has pledged US$2.5 billion of official development assistance funding to support infrastructure modernization and climate change projects in Vietnam as well as human resources, learning and skills development.

The Ministry of Finance said that Vietstar Airlines has not yet met the capital requirement to get a licence for providing passenger and goods transport services.

The Australian Anti-Dumping Commission has initiated an anti-dumping investigation on quicklime imported from Vietnam and two other countries, the Vietnam Competition Authority said.

A project to build a canal and several hydropower plants on the Red River in Hanoi has been met with concerns due to the risk to local agriculture.

Cabinet members mulled over the Government’s draft resolution on business development during their regular meeting in Hanoi on May 5.

The interdisciplinary inspection team led by the Ministry of Natural Resources and Environment started to check the wastewater treatment system of Hung Nghiep Formosa Ha Tinh Steel Ltd. to clarify the linkages between the company’s wastewater discharge and the

The Asian Banker Summit will take place at the JW Marriott Hanoi Hotel in Hanoi from May 10 to 12.

Thailand’s Central Group and a Vietnamese partner have beaten many strong local and foreign rivals in a highly competitive bid for Big C assets in Vietnam.

The long-awaited multi-billion US dollar refinery project in the central province of Binh Dinh is facing an uncertain future after nearly three years of registration for investment.

Vietnam’s GDP growth rate increased 5.46% in the first quarter of this year, less than in the same period last year.