Business

Hanoi authorities have approved a plan to increase clean water prices by an average of 20 percent from October 1 to fund new projects to meet shortages.

The scale of Vietnamese businesses has decreased with the average registered capital of a newly-established firm till July this year being 6.2 billion VND (284,400 USD), reducing 0.2 percent over the same period last year.

Vietnam has too many banks, with only a third of the country's 90m people using banking service, a Vietnamese American banking expert said.

The EVN has called for electricity conservation as some of its thermal power plants are facing difficulties due to the drop in coal production because of flooding in Quang Ninh Province.

Flood-ravaged Quang Ninh Province has suffered an estimated VND500bn in lost production for Vietnam's coal industry.

Poultry farmers in the southeast and Dong Nai Province have said they are considering suing the US for dumping cheap chicken legs in the Vietnamese market.

While real estate agents are trying to sell land lots around the Long Thanh International Airport project, local people are warning potential buyers of the lack of detailed planning.

Vietnamese are spending less and saving more due to their worries about the economy. Up to 73% of those interviewed said they would use their spare cash for savings, topping the world, a survey by Nielsen said.

Vietnam's VN-Index topped a list of the world markets that rose the most between June 24 and July 24.

Vietnam has attracted US$8.8 billion in foreign direct investment in the year-to-date, an 8 per cent fall year-on-year, the Ministry of Planning and Investment's Foreign Investment Agency reported.

The sharp increase in imported Chinese long and heavy vehicles has posed questions over the country’s inadequate road infrastructure.

Budget airline of Thailand Nok Air is expanding its international services with the launch of a new route from Bangkok to HCM City.

Vietnam’s consumer price index was at 10-year low in July, gaining only 0.68% from the end of 2014, according to the General Statistics Office.

Prime Minister Nguyen Tan Dung spoke highly of the World Bank (WB)’s support for Vietnam in both policy consultation and technical and financial assistance, while receiving WB Country Director in Vietnam Victoria Kwakwa in Hanoi on July 24.

Ho Chi Minh City plans to disburse another credit package worth 127,333 billion VND (583.6 million USD) this year to provide preferential loans for local enterprises.

State-owned Vietnam National Petroleum Group will withdraw trillions of VND from non-core business, including more than VND5trn from two local banks.

The low-cost carrier Vietjet is giving away more than 50,000 tickets from just 0 VND in a special week-long promotion called “Enjoy your summer – It is time to Vietjet”.

The Mekong Development Bank is set to merge with the Vietnam Maritime Commercial Bank (Maritime Bank) to form an institution among the country's five largest banks in terms of charter capital.

Ho Chi Minh City’s Consumer Price Index (CPI), an indicator of inflation growth in the city, escalated 0.11 percent in July from the previous month and 0.77 percent against the same month last year, according to the municipal Statistics Department.