Business

Finance ministers of member economies of the Asia-Pacific Economic Cooperation (APEC) ended their 22nd meeting after launching the Cebu Action Plan (CAP), a roadmap for a more sustainable financial future for the Asia-Pacific region.

Nearly 100 businesses, travel agencies and hotels joined a promotional programme in the central city from this month through next March, offering a 10-60 per cent discount for their service.

App-operated car service Uber will offer free rides for drunk people in Hanoi and HCM City wanting to get home, making Vietnam to become the second country in the world to adopt the service.

Obi Worldphone, a US smartphone brand, enters Vietnamese market through cooperation with exclusive local partner Digiworld Corporation.

The Ministry of Finance has proposed to increase special consumption tax on imported goods to ensure fair competition between locally manufactured products and imported ones.

European pork, beef and other meat imported into Vietnam skyrocketed more than 70 fold from 2012 to 2014, according to the General Department of Vietnam Customs.

With less than four months before the ASEAN Economic Community comes into force, most all of the nation’s small businesses still lack an in-depth understanding of the importance of the single regional market.

Credit growth rate in the eight months to August reached 9.54 percent and is expected to top the forecast 17 percent for the whole year, the SBV said.

Vietjet has announced the launch of its latest domestic routes connecting the Central Highlands city of Pleiku with Hanoi and HCM City.

A company in the Mekong Delta city of Can Tho has been fined VND8m (USD381) for provocative advertising.

The Mekong Delta province of Kien Giang’s Phu Quoc island district is hosting 164 licenced projects worth nearly 169 trillion VND (7.52 billion USD), according to a working group for Phu Quoc island development.

Local airlines have been asked to offer lower priced tickets, in line with the sharp fall in aviation fuel prices.

Vietnam’s trade deficit continued to broaden in the eight months leading up to September, adding to growing concerns over weakening domestic demand for home-grown goods and services.

Johnny Rockets, an American restaurant franchise is seeking area developers for expansion into Vietnam.The move is part of the company’s expansion plans in Southeast Asia.

Despite falling petrol prices local road hauliers and bus firms seem happy to continue charging high prices for their services.

Prime Minister Nguyen Tan Dung launched a project to supply power to Lai Son island commune in Kien Hai district, the southern province of Kien Giang on September 4, which is expected to benefit 1,956 local households.

The US Department of Commerce has issued preliminary results of the anti-dumping duty administrative review (POR 11) which decided the tax rates imposed on Vietnamese tra fish fillets imported to the country between August 1, 2013 and July 31, 2014.

National flag carrier Vietnam Airlines was selected among the Top 10 Most Improved Airlines by the UK-based airline review organisation Skytrax.

Hanoi is one of the three leading localities nationwide in foreign direct investment (FDI) attraction, accounting for 17.3% in the number of projects and 9.32% in the amount of registered FDI in the country, said the Ministry of Planning