Business

An overabundance of certified coffee flooding the global marketplace is heading up the longest slump in coffee prices in decades, say leading market analysts.

The Civil Aviation Administration of Vietnam has requested local airlines to step up aircraft maintenance after the crash of AirAsia Flight QZ8501 in the Java Sea.

The processing and manufacturing industry is a highlight of the industry and trade sector in 2014 with a growth rate of 8.7 percent and an 11.1 percent increase in sales index, the Ministry of Industry and Trade reported.

The Ministry of Industry and Trade (MoIT) has set a target of US$165 billion in export turnover in 2015 by expanding the market and ironing out snags in businesses to ensure sustainable export growth.

Several officials and a subcontractor have been suspended after the scaffolding on part of the Ha Dong-Cat Linh flyover project collapsed.

Airports throughout the country have served more than 50.5 million passengers and handled 905,000 tonnes of goods in 2014, year-on-year increases of 14.7 percent and 18 percent, respectively, said Lai Xuan Thanh, Head of the Civil Aviation Authority of Vietnam.

Depreciation of the rouble has caused a dramatic drop in the number of Russian tourists to Vietnam with travel firms worried about the overall impact of the downturn.

Vietnam lost almost 68,000 business in 2014 but officials are unconcerned, saying it's just a part of the country's developing market economy.

The plunge of the rouble is becoming a challenge to Vietnamese exporters dealing with the Russian market.

The Central Highlands-Da Lat National Tourism Year 2014 has attracted 6 million visitors and generated revenues of over VND10 trillion to the tourism sector, a 12% increase over last year.

Vietnam’s public debts were estimated at more than US$86.267 billion as of 8:40am (local time) on December 28, according to Global debt clock at The Economist.com.

The Nhat Tan Bridge, Terminal 2 of the Noi Bai International Airport and the road connecting the Nhat Tan Bridge and the airport will officially come into operation since January 4, 2015, the Ministry of Transport announced recently.

Deputy Prime Minister Vu Van Ninh has asked ministries, localities, and businesses to accelerate the restructuring of State-owned enterprises (SOEs) so as to fulfil the plan for the two years of 2014 and 2015.

The total foreign direct investment (FDI) registered in the country topped 20.23 billion USD in 2014, according to the Ministry of Planning and Investment's Foreign Investment Agency.

The General Department of Taxation has to date conducted tax inspections over more than 67,800 enterprises, accounting for 14 percent of the total operating ones, heard a conference in Hanoi on December 26.

The agricultural sector has recorded an export turnover of nearly $31 billion this year, a year-on-year increase of 11.2 per cent, the Ministry of Agriculture and Rural Development reported yesterday.

The two largest payment card networks in Vietnam, Vietnam National Financial Switching Joint Stock Company (Banknetvn) and Smartlink Card Services Joint Stock Company (Smartlink), were officially merged on December 25.

The Steering Committee for the Southwestern Region aims to see an economic growth rate of 9.4 percent and an export value of 13.6 billion USD in the region in 2015, up 8.98 percent and 12.3 billion USD, respectively, against 2014.

The Binh Son Oil Refinery Co Ltd was granted an investment certificate to the upgrade and expansion project of the Dung Quat Oil Refinery in the central province of Quang Ngai on December 24.