Increase in luxury goods imports means bigger income gap
Even though Vietnam’s economy has yet to show any clear signs of a stable recovery, consumption of luxury goods has significantly increased in recent months.
Vietnamese workers in Belarus struggle to survive
Nearly 100 Vietnamese people currently working in Belarus are in dire straits because of non-payment.
Quang Ngai takes the lead in bio-fuel E5 sales
The central province of Quang Ngai is the first locality to officially sell bio-fuel E5-RON 92, replacing Mogas 92, from September 1 onwards.
Graduates fall into Japanese labour export trap
Many new graduates from Vietnam have become victims of labour export companies, believing promises of careers in Japan.
Gas price reduced as of September 1
As of September 1, gas retail prices in HCM City fell by VND7,000/12kg barrel compared to the current prices, offering the maximum retail price of gas to the city’s consumers at VND 377,000 VND/ 12kg canister.
HCM City international travel fair marks 10 years
The 10th International Travel Expo HCM City will take place from September 11 to 13 at the Sai Gon Exhibition and Convention Centre in HCM City's District 7.
Vietsovpetro discovers new oil well offshore Vietnam
The Vietnam-Russia Oil and Gas Joint Venture Enterprise (Vietsovpetro) has announced it discovered oil from Oligocene sediments at Sturgeon well of Lot 09-3/12 off Vietnam’s continental shelf.
Economists support PM's speech on closing weak banks
Many banking experts have expressed agreement with Prime Minister Nguyen Tan Dung's assertion that weak banks should be dissolved.
ASEAN markets more important for US companies: survey
Over the past two years, ASEAN markets have become more important for 58 percent of respondents of a poll of 588 senior executives representing US companies in all 10 ASEAN countries.
Airliner test new direct route between Hanoi and HCM City
Vietnam Airlines and Vietjet Air have begun using a flight plan simulator to test the direct air routes through Laotian and Cambodian airspace.
Vietnam considers visa exemption for citizens of nine more countries
The ministries of Transport and Culture, Sports and Tourism proposed a lift on the visa restrictions for nine countries in order to boost Vietnam's tourism.
Car import tax to drop to zero by 2018
Vietnam will apply a zero tariff policy to all automobiles imported from ASEAN countries by 2018, making it easier for consumers to buy cars.
FDI disbursements surge 45% in eight months
In the first of eight months of the year disbursements of foreign direct investment surged 45% on-year to US$7.9 billion, according to the General Statistics Office.
EVN banned from investment in property, finance and securities
The government has issued a regulation on financial management for the EVN, banning the group from investing in certain of non-core areas.
Company bankruptcies on the increase
Between January and August of this year, about 44,500 companies in Vietnam declared bankruptcy or were dissolved according to the General Statistics Office.
Vietnam’s animal husbandry depends on imports
Despite being an agricultural country, Vietnam is still dependent on imports worth billions of USD each year in animal feed and other products to support the husbandry industry.
Phu Quoc island to welcome luxury cruise ships
A modern passenger terminal will be built on Phu Quoc island, a tourist destination in the south and Kien Giang province, to accommodate luxury cruise liners.
Japan proposes name change for Nhat Tan Bridge
Hiroshi Fukada, Japansese ambassador to Vietnam, has proposed changing the name of Nhat Tan Bridge in Hanoi into Viet-Nhat Friendship Bridge.
Banks lower deposit rates en mass
Several large Vietnamese banks have decided to lower deposit interest rates by 0.1-0.5% for VND accounts for the last months of 2014.
ASEAN ministers gather in Myanmar for economic talks
Economic ministers from the 10-member Association of Southeast Asian Nations gathered in Myanmar's administrative capital Nay Pyi Taw yesterday to discuss matters related to economic integration, forming the ASEAN Economic Community and visions for the post-AEC.
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