Business

Nearly 800 workers at Carimax Saigon Company in HCMC are in the seventh day of a strike over the company's failure to pass on a mandated pay rise.

Air Mekong has had its business license revoked by the Ministry of Transport because it failed to resume business after a trading hiatus in 2013.

A National Assembly legislator has been arrested in connection with an alleged real estate scam that cost home buyers morethan VND377bn.

Vietnam will need US$30 billion to carry out the Green Growth Strategy in 2020, of which 70% will come from the non-State sector.

Final details are being worked out on whether Binh Dinh Province will get a USD22bn oil refinery expected to provide a major boost to Vietnam's economy.

Singapore ranked first among ASEAN investors in Vietnam for calendar year 2014, according to the latest statistics from the Foreign Investment Agency, under the Ministry of Planning and Development.

Annual bonuses for Tet this year rage from up to two-month's salary to nothing at some large state-owned groups in Vietnam.

The appeal court upheld the life imprisonment sentence for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Ho Chi Minh City branch of the Vietinbank.

Vietnam is expected to manufacture 200,000 automobiles and 4 million motorbikes in 2015, marking respective yearly rises of 4.4 percent and 2 percent during the 2011-2015 period, according to the Heavy Industry Department of the Ministry of Industry and Trade.

Even though many stores have hung up the 50% sale off signs, the Parkson shopping centres in HCM City still failed to attract customers.

The Vietnamese dong has been devalued by 1% in a move that the State Bank of Vietnam (SBV) says will stabilise the foreign currency market.

The Prime Minister has approved an overall plan for development of concentrated information technology parks by 2020 with a vision to 2030.

The rising demand for small changes to donate to temples or give out as lucky money during Tet has created a boost in unregulated currency exchange services.

Seafood exports in 2015 are expected to increase slightly from last year to top US$8 billion.

Many Japanese investors are planning to cultivate hi-tech agricultural projects in Vietnam, the Vietnam Investment Review (VIR) reported.

Parkson Hanoi Co., Ltd has decided to close its shopping mall at Keangnam Landmark tower due to big losses.

Public debt has increased in recent years, but remains within the safety zone set by the National Assembly.

Domestic firms will have to face tough competition as thousands of goods from other South East Asia countries have been exempted from duty tax in accordance with the ASEAN Trade in Goods Agreement.

Vietnam’s GDP growth promises to continue its upward trend while macroeconomy will also be strengthened in 2015 according to experts.