Business

World Bank approves 100 mln USD credit for Vietnam’s poverty reduction

The World Bank (WB) Board of Executive Directors has approved an additional 100 million USD loan for an ongoing project to help improve living standards for the poor in six northern mountainous provinces of Vietnam.

God of Wealth drives demand for gold

Domestic gold demand surged sharply on February 28 in Hanoi, Ho Chi Minh City and elsewhere as Vietnamese prefer buying the metal to mark the God of Wealth Day – the tenth day of the Lunar New Year.

HCM City attracts US$500 million FDI in Feb

Ho Chi Minh City garnered US$506.3 million from foreign direct investment (FDI) in February, up 170.5% against the same period last year.

Banks pay strong salaries in good year

Many bank workers have done well after a relatively good year for Vietnam's banks, with employee incomes remaining strong for 2014, financial reports show.

Ministry plans to sell operation rights to international airports

The pilot scheme to sell the operation rights of Phu Quoc International Airport should be speeded up this year, the Minister of Transport Dinh La Thang has said.

VietinBank to merge with PG Bank

The Vietnam Bank for Industry and Trade (VietinBank) will soon announce its plan to merge with the Petrolimex Group Commercial Joint Stock Bank (PG Bank).

NA Standing Committee discusses Long Thanh airport project

Discussions on the Long Thanh International Airport project in southern Dong Nai province was the highlight of the ongoing 35th session of the National Assembly Standing Committee on February 26.

VietJet Air gets trial terminal franchise at Noi Bai International Airport

Private airline VietJet Air has won a franchise for control of part of Terminal T1 at Hanoi's Noi Bai International Airport.

More protection for Viet workers in Thailand

Thailand has decided to grant Vietnamese migrant labourers who arrived there before February 10 one-year work permits ahead of formal negotiations beginning in March on labour cooperation.

February CPI falls on spiralling oil prices

Vietnam's consumer price index fell by 0.05 percent in February compared to January and 0.25 percent from December 2014, according to the General Statistics Office.

Minister says more efforts needed to enhance business environment

Authorities must make bigger strides this year in improving the country's business environment, said Minister of Planning and Investment Bui Quang Vinh.

After-Tet service for peach trees yields fruit for growers

Peach growers in Hanoi are making good money caring for expensive trees bought during the Tet holiday.

Vietnam named 5th most recognised coffee producer in US

Vietnam is the fifth most recognised coffee producing country in the US – the world’s largest coffee consuming market, according to a recent survey by the Colombian Coffee Growers Federation.

Vietnam stocks grow after tumultuous year

The Vietnamese stock market ended a rough year of 2014 with continued growth.

Can Tho strives to become Mekong Delta economic hub

The Mekong Delta city of Can Tho is striving to become the economic hub of the region by 2020, said Tran Thanh Man, Secretary of the city’s Party Committee.

Tainted coffee powder found in Dak Lak

Powdered coffee from the central highlands of Dak Lak Province, Vietnam's largest coffee-producing area has been found to have been tainted with soy beans and chemicals so coffee makers can boost profit.

Seafood sector resumes work in Ca Mau

Nearly 9,000 workers in 11 frozen seafood export processing factories in the southernmost province of Ca Mau have just resumed work after the Tet (Lunar New Year) vacation.

IT companies in search of more experts in 2015

Demand for human resources in the IT industry in HCM City is expected to increase by 15-20 percent this year, delegates said at a seminar on "Software Testing in The Agile World" held recently in HCM City.

Online trading grows in Vietnam, though most prefer to pay in cash

Online shopping grew 10 percentage points last year, but most Vietnamese still prefer to pay cash, a new survey has found.

SBV to develop cash-transporting service

The State Bank of Vietnam will allow domestic commercial banks to start companies responsible for transporting cash to branches and transaction offices in order to reduce related expenses.

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