Business

An ocean tuna caught off the coast of Binh Dinh Province sold for a record high US$14.28 per kilogram at an Osaka auction, according to an official from the local government.

Vietnam’s economy continues to perform well against a volatile global back drop, the Asian Development Bank said in its latest report.

The 3rd International Mining and Minerals Recovery Exhibition and Conference – Mining Vietnam 2016 – opened in Hanoi with the participation of 171 exhibitors from 22 countries.

Ho Chi Minh City should become a special economic zone similar to China's Shanghai through the use of special mechanisms, said a National Assembly deputy.

Dung Quat Ethanol Plant has had to shut down after just four years due to major losses.

Ho Chi Minh City should become a national special economic zone, Secretary of the municipal Party Committee Dinh La Thang said.

The Ministry of Industry and Trade has started inspections of seven companies involved pyramid schemes following recent fraud cases.

Hanoi authorities have approved a project in principle to build a shopping centre and underground parking facility inside Thong Nhat Park.

The Ministry of Transport has proposed the prime minister grant business permission for Vietstar Airlines to begin operations.

The Civil Aviation Administration of Vietnam has intended to build three airports- Na San, Lai Chau and Lao Cai in the north-west region next year at a total cost of VND9,813 billion.

Vietnam’s foreign reserves have hit a record high of US$40 billion, according to a source from the State Bank of Vietnam.

The number of new enterprises established during the first quarter of this year increased by more than 10,000 compared to the same period of 2015, according to the General Statistics Office of Vietnam.

Drought and salt water intrusion in the central region and Mekong Delta have resulted in a negative agriculture production growth.

Japan aims to raise 30 trillion JPY (about 300 billion USD) for high quality infrastructure development projects and human resources training in Asian countries, giving top priority to Vietnam.

In Q1, the Gross Domestic Product (GDP) saw a year-on-year growth of 5.46%, which is lower than the rate of 6.12% recorded last year and 5.9% in 2011, said Director General of the General Statistics Office (GSO).

Several officials and experts have expressed worries over the selection of a Chinese contractor for the construction of the Song Da water pipeline, saying that they have doubts over the potential quality of the work.

Vietnamese Nguyen Thi Phuong Thao has poised to become Southeast Asia’s first self-made woman billionaire known for putting bikini-clad models on her VietJet Aviation Joint Stock Co. planes and calendars, according to Bloomberg.

Vietnam’s first quarter Consumer Price Index increased by 1.25 percent from the same period last year.

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) have blamed each other for mistakes in the slow application of new petroleum import taxes.