Business

Authorities in the northern province of Quang Ninh have approved the feasibility report of the Quang Ninh airport project that will be built on a build-operate-transfer basis.

Low-cost carrier Jetstar Pacific Airlines has proposed purchasing the operational rights to the old terminal of Da Nang international airport, the third busiest airport in Vietnam.

The Ministry of Natural Resources and Environment has approved a plan to auction mineral mining rights in 2015, reported the Vietnam Investment Review.

Vietnam's number of ultra-high-net worth individuals - people who have US$30 million or more in total assets - is set to double by 2024, according to the 2015 Wealth Report by Knight Frank.

Prime Minister Nguyen Tan Dung has approved the master plan for the Lang Son-Hanoi-HCMC-Moc Bai economic corridor towards 2020 with a vision reaching 2030.

Vietnam Airlines and Vietjet Air have been fined VND 15m each by aviation authorities for failing to inform passengers of lengthy flight delays.

Most consumers are reluctant to pursue their rights when producers sell low quality or fake goods because they are unaware of where they can take complaints.

Resuming operations after Tet, many commercial banks are continuing to cut deposit interest rates, owing to good liquidity and low inflation.

Experts are worried about higher consumer prices and the jump in production costs for companies after the government's higher electricity and fuel prices bite.

Minister of Transport Dinh La Thang has asked for accelerated progress on the upgrades and expansion of Pleiku Airport in the Central Highlands province of Gia Lai which began in late September last year.

The Vietnam National Petroleum Group raised the retail price of several fuel varieties as of 15:00 pm on March 11, the second adjustment and the first rise this year.

A Vietnamese private investment group has told the Ministry of Transport it wants to buy Phu Quoc International Airport in the southern province of Kien Giang.

Vietnam and the EU will continue the 12th round of negotiations on the EU-Vietnam Free Trade Agreement on March 24 in Hanoi, which is expected the last session before the negotiations are concluded and the agreement signed.

Fast growth in the steel, construction and real estate sectors are leading the economy out of recession, studies released on March 10 by Vietnam Report JSC.

An environmental tax on petrol and other fuel in Vietnam will rise by 300 percent after the NA approved a tax hike to offset an expected shortfall in budget revenue.

The first A350 XWB for Vietnam Airlines (VNA) has rolled out of Airbus's paint hangar in Toulouse, France, according to a VNA press release.

Radical reforms including mergers and introduction of new technologies are needed to help the domestic sugar industry sustain its growth as the country deepens its international integration.

The 7.5 percent increase in electricity prices from March 16 is forecast to raise this year’s consumer price index by 0.23 percent, said Nguyen Anh Tuan, Director General of the Ministry of Industry and Trade’s Electricity Regulatory Authority.

Acronis, the world leader in new generation data protection based in Russia, has announced its expansion plans in Vietnam.