Business

The capital will have 13 more industrial parks (IPs) spread over 6,000 hectares by 2020, a 300 per cent increase in comparison with the current number of parks.

The profits of the Vietnam National Coal and Mineral Industries Group (Vinacomin) in the first nine months of the year is expected to reach VND1.2 trillion (US$57.1 million).

Many cốm, or green rice flake, makers in Hanoi have suffered from slow sales as consumers turn their backs on the product after a recent scandal over use of an additive.

The national flag carrier, Vietnam Airlines, plans to add 1,200 flights from January 28, 2015 to March 18, 2015 to meet the increased demand for air travel and reduce airport overload during Tet holiday.

Vietnam National Oil and Gas Group (PetroVietnam) yesterday reported its revenue hit VND290.5 trillion (US$13.8 billion) in the first nine months of this year, a 10 per cent rise over the group's revenue target for the period.

Even though the NA Economic Committee agreed with the need to build a new airport, it also raised concerns over the amount the Long Thanh International Airport project in HCM City might add to public debt.

Foreign investors do not seem to be interested in the Vietnamese agriculture, forestry and fishery sector, according to the Ministry of Planning and Investment.

The Ministry of Planning and Investment will send a proposal to the government on pouring an additional VND1 trillion into the development of Vung Ang Economic Zone.

The European Commission's Directorate-General for Health and Consumers (DG SANCO) has issued a warning to Vietnam fruit and vegetable growers, the Ministry of Industry and Trade (MoIT)’s European Market Department announced on Oct. 6.

This information was announced by the Japanese delegation led by Ibaraki Governor Hashimoto Masaru during a meeting with State President Truong Tan Sang in Hanoi on October 6.

The government has sent a proposal to the NA on using funds from the state budget to settle the bad debt of state-owned enterprises despite earlier statements to the contrary.

Sandeep Mahajan, head economist at the WB Office in Vietnam, said that economic growth would likely be only 5.4% this year, missing the government's target of 5.8%.

Two new seamless coastal shipping routes, connecting central Quang Binh province and southern Kien Giang province, officially opened on October 5.

The Ministry of Transport has agreed to resume the sleeping pods at Noi Bai International Airport after it had been suspended for nearly two months.

After the sudden increase of the value of USD against the VND on Oct. 1, it has continued to rise.

Ambassador Nguyen Trung Thanh, Vietnam’s permanent representative to the United Nations, encapsulated developments in the country’s movement to a full market economy.

Prime Minister Nguyen Tan Dung has expressed his concerns and ordered changes after learning about the low rate of labour productivity in Vietnam.

The Vietnam Military Joint Stock commercial Bank (MB) has been named as the Strongest Bank in Vietnam 2014 by Asian Banker magazine.

Right after the opening of Lotte Centre Hanoi, the price of high-end products sold here dropped to 50% but the sales did not go up.