Business

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.

The Hanoi Gift Show 2015 for handicrafts, home décor products and furniture is set to get underway at the Vietnam Exhibition and Fair Centre on October 27-30.

Prime Minister Nguyen Tan Dung has asked the Ministry of Finance and other relevant ministries to review tax policies and fix a new import tax rate for high-powered cars.

Vietnam will send a working group to the Philippines to learn tuna fishing and processing technologies, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.

Police have arrested the disgraced chairman of the national oil and gas giant, PetroVietnam, Nguyen Xuan Son, on economic charges.