Business

A ceremony was held in the southern province of Ba Ria-Vung Tau on December 13 to launch the Tam Dao 05 offshore oilrig, the largest ever locally manufactured jack-up rig.

Automobiles which are priced higher in Vietnam than in regional countries is the reason for the sluggish development of the automobile industry, experts say.

The demand for container houses in HCM City has increased over the last year as available land declines due to increased urbanisation.

Japan’s Koizumi group has successfully bought 23% of Vietnam QH Plus Ltd Company’s shares and cooperated in developing support products for the domestic construction sector.

The PetroVietnam Exploration Production Corporation welcomed the first flow of commercial oil from Bir Seba oil field, lot 433A and 416B during a ceremony in Algeria.

Airports Corporation of Vietnam (ACV) off-loaded the entire 77.8 million shares at an average price of VND14,300 (63 US cents) each, 3.47 per cent of the company, in its initial public offering (IPO) on the HCM Stock Exchange.

The Civil Aviation Authority of Vietnam, central Binh Dinh provincial People's Committee and relevant agencies on Thursday approved adjustments to the Phu Cat airport plan for 2020 with a vision for 2030.

100 Indonesian companies in various sectors have come to Vietnam in the first Indonesia Trade Fair ever to showcase their products and services and seek partners.

Vietnamese industry still remains dependent on imported equipment and spare parts, driving up the trade deficit, while local firms remain incapable of fulfilling their support industry role.

About 20 companies are projected to launch initial public offerings on domestic exchanges this month with a total estimated value of more than 4 trillion VND (178.6 million USD).

US Senators John McCain and Kelly Ayotte have introduced a resolution of disapproval under the Congressional Review Act that would nullify the US Department of Agriculture's final rules establishing the catfish inspection programme.

Final consumption expenditure (percent of GDP) in Vietnam was estimated at 70 percent last year by the World Bank with household consumption accounting for 90 percent, making the country among Asia’s top 5 retail markets.

Myanmar’s first stock exchange was officially inaugurated in Yangon on December 9 with six local companies listed.

The Prime Minister issued a modified list of projects eligible for the official development assistance capital plan from the State budget in 2015 for ministries and localities.

The rapid integration requires urgent improvement in the legal framework of credit institutions to enhance operation efficiency and competitiveness amid anticipated rising competition, a conference heard.

Lobster farmers in some central coastal provinces are complaining about being cheated by Chinese businessmen who are buying their products at cheap prices.

While empty bottles of famous spirits are being sold at good prices in Vietnam as collectibles, some have been used for producing fake products.

Vietnam is ranked as the most attractive destination in Asia for expats to save money and enjoy greater disposable income, according to a survey by HSBC.

Despite continual food safety scandals, those farmers producing good quality produce are finding it difficult to find distributors and retailers for their output.