Business

The Vietnam Bank for Agriculture and Rural Development (Agribank) was named in the Top 10 of VNR500 in 2014 and was the only commercial bank in the position, Vietnam Report Joint Stock Company announced on December 9.

The world's leading wind energy company Vestas Wind Systems from Denmark yesterday said that it saw huge potential for windpower development in Vietnam and promised to help the country make wind a sustainable energy solution.

Motorbike taxi service is gaining in popularity in Hanoi, with dozens of uniformed drivers on company bikes doing a brisk business outside My Dinh Station.

The interest rates on Vietnamese dong credits and deposits slashed by 1.5-2 percent over the previous year, helping remove difficulties for businesses, curb inflation and stabilise the monetary market.

The newly-built Noi Bai-Lao Cai Expressway offers a convenient route for travelers, but is also causing a sharp fall in ticket sales for the Hanoi-Lao Cai train route.

The 2014-2015 coffee crop will see output fall by 20 percent due to drought and a large proportion of old trees with low yields, according to Chairman of the Vietnam Coffee and Cocoa Association (Vicofa) Luong Van Tu.

World Bank (WB) Country Director Victoria Kwakwa has affirmed development partners’ willingness to support Vietnam through providing policy consultancy and capital sources at the Vietnam Development Partnership Forum which opened in Hanoi on December 5.

Sales of economy cars, once the backbone of the local auto industry, are lagging as luxury models gain ground in the Vietnam market, industry players say.

Vietnamese goods made up 0.7% of global exports in 2013, representing an increase of 0.4% since 2007, according to latest report by HSBC.

The World Bank said that there were early signs of recovery for Vietnam's economy, with its economic growth expected to improve from 5.4 percent in 2013 to 5.6 percent in 2014.

Halong Marina Urban Area, which has developed a number of high-quality apartment projects, services and an entertainment center, gives a makeover to Halong City.

Unlicensed taxi drivers using the Uber application to gather customers are illegal, an official said, in the face of the growing demand for the service in HCM City.

The Government’s major tasks in 2015 will be primarily concentrated on ensuring macroeconomic stabilization and keeping inflation in check aiming to attract more investment and stimulate economic development.

In a keynote address at the Vietnam Business Forum (VBF) in Hanoi on December 2 Minister of Planning and Investment Bui Quang Vinh revealed with confidence that economic growth for the year will reach 5.8%.

Prime Minister Nguyen Tan Dung has urged for tighter control of price and market as well as combating contraband and low-quality goods as the New Year is approaching.

The private carrier Vietjet is planning to conduct an IPO that will allow it to enhance competitiveness and further expand its international network.

Many plots of land in Hanoi Old Quarter have been offered on the market at prices of up to VND1.1 billion per square metre.

Vietnam Air Traffic Management Corporation (VATM) has temporarily suspended 10 air traffic controllers for their weak English skills.

Banks predict that remittances from overseas Vietnamese will reach US$12 - 13 billion this year.