Business

The retail prices of petrol have been increased by a maximum of VND189 per litre following a joint decision by the Ministry of Finance and the Ministry of Industry and Trade.

Lobster farmers on Ly Son Island are facing a crisis as their animals are dying en masse.

Low-cost airline Vietjet Air has been bestowed with the "Best Asian Low-Cost Carrier" title at the TTG Travel Awards 2105, making it the first Vietnamese airline to win the prestigious award.

The Prime Minister has approved three foreign-funded development projects which focus on renewable energy, caring for disabled children and water management.

Police in HCM City raided a factory owned by the Minh Hoang Company, following evidence it was producing fake car windscreens.

Construction of a US$2.2 billion thermal power plant started yesterday in the central province of Nghe An's Quynh Lap Commune.

The 2015 International Technology and Equipment Market of Vietnam (Techmart 2015) opened at the Hanoi International Exhibition Centre on October 1.

A pact signed on October 1 has officially sealed a merger deal between Sacombank and Southern Bank.

Overseas Vietnamese remittances to Ho Chi Minh City in the first nine months of the year hit 3.25 billion USD, according to the HCM City branch of the State Bank of Vietnam.

American-Vietnamese Hoang Kieu has been named on a list of the 400 wealthiest people in the US in 2015 by Forbes magazine.

Vietnam encouraged foreign corporations with sound financial, technological and market capacity to join the state-own enterprise equitization process and M&A market, PM Nguyen Tan Dung told the Global Investment Forum in Hanoi on September 30.

Vietnam is creating a framework to stimulate private investments in the aviation industry, as public-private partnerships for development of this sector has become a trend in the region.

Fruit and vegetable exports are expected to reach US$2 billion this year as more and more countries have opened their door to Vietnamese fruits and vegetables.

The Indonesian government has announced its intent to purchase rice from Vietnam and Thailand through government-to-government deals and its representatives will soon begin negotiations.

The Prime Minister has approved the construction of 25 bridges with the second transport sector loan for the national road network improvement project.

Around 7,042 new enterprises were established in September alone with a total registered capital of VND44.5 trillion.

Low-cost airline Jetstar Pacific on September 28 announced the operation of three more domestic air routes using the 180-seat Airbus A320 plane, which is expected to boost socio-economic and tourism development in southern and central areas.

The total revenue of industrial and economic zones nationwide reached US$110 billion in the first nine months of this year, up 90% over the same period in 2014 and equivalent to 85% of the year's target, according to the

Vietnam welcomed over 626,300 foreign visitors in September, up 8.3 percent from the same period last year, according to the General Statistics Office of Vietnam.