Business

Construction firm Keangnam Enterprises Inc. of the Republic of Korea (RoK) has been given the green light by the Seoul Central District Court on May 27 to sell a skyscraper in Hanoi in a bid to handle its liquidity

Vietnam’s first trade promotion office in China was inaugurated in Chong Qing city on May 28.

Cat Bi Airport in Haiphong City had to close for about 24 hours after its runway cracked in the summer heat.

Vietnamese authorities have arrested 4,000 cases of trading in knock off products, mainly fake electronics products, liquor, medicines and other goods, law enforcement officials have announced.

The first containers of Vietnam’s lychee will undergo irradiation treatment and be shipped to the United States and Australia in a few days, according to the Ministry of Agriculture and Rural Development (MARD).

The Ministry of Industry and Trade is checking stories in Malaysia about the dumping of cold rolled stainless steel from nine countries and territories, including Vietnam.

Economists have suggested that the National Assembly should monitor petrol pricing amid strong opposition from the public against recent petrol price increases.

Export turnover of Vietnam’s agro-forestry-fishery products is estimated to reach USD2.37 billion in May and total USD11.4 billion in the first five months of 2015, down 7.3 percent compared to the same period last year.

Banks in Vietnam are underreporting bad and doubtful debt by as much as 10 times so their numbers look better and to avoid investigation of their loan portfolios, an economist said.

Vietnam is aiming to develop a Vietnamese rice brand that would become the world's leading rice by 2030, according to a project approved by Prime Minister Nguyen Tan Dung last week.

The Russian Government announced its approval of a draft agreement on the establishment of a free trade zone between the Eurasian Economic Union and Vietnam, according to the Russian news agency TASS.

The Vietnam trade deficit widened less than expected in the five months leading up to June and a rebound in imports hinted to some firming in domestic demand early in the second quarter of the year.

The Transport Ministry aims to mobilise some VND65 trillion (USD3 billion) through 2020 to complete the national highway system in the Tay Nguyen Central Highlands, according to the Steering Committee for the Central Highlands Region.

The consumer price index (CPI) for May showed an increase of 0.16 percent over April and a year-on-year surge of 0.95 percent, the General Statistics Offices (GSO) said on May 24.

Vietnamese trading companies are being eyed by many Japanese investors who are planning to join the domestic market.

The Vietnam central province of Quang Tri is now one step closer to breaking ground on a US$2.4 billion power thermal energy plant with a capacity of 1.200 MW.

A critical shortage of workers in the textile and clothing industry is hampering HCM City’s ability to transform itself into the fashion centre of the southern region, leading industry analysts report.

For the first four months of this year, 3,249 small enterprises have closed their business, and 19,000 others temporarily stopped operations, a survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI) has found.

The US and Australia will import Vietnamese lychees, but local businesses must bear the high cost of meeting these countries' irradiation requirements, officials said at a meeting earlier this month.