Business

Vietnam is set to post a trade surplus of US$100 million in August after a US$49 million deficit in July, according to a preliminary estimate by the General Statistics Office (GSO).

The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

The Vietnam Rubber Group has announced steps to reform how it does business in Cambodia and Laos, in response to requests by Global Witness and local groups for the company to respect national laws.

The final plan on the upgrade and expansion of the Dung Quat oil refinery will be submitted to the Prime Minister for review and approval early next month.

Japanese Idemitsu Kosan company on August 21 announced that it has struck oil at its fourth oil-well at plot 05-1b and 05-1c offshore southern Vietnam.

The consumer price index (CPI) in the country's two largest cities continued to rise in August, according to the statistics departments of Hanoi and HCM City.

Microsoft Group – the new owner of Nokia Vietnam is transferring a large number of production lines from factories in China, Hungary and Mexico to Vietnam, according to a representative of Nokia (Vietnam) Limited Liability Company.

Poverty will remain a critical challenge for Asia in coming decades and will require a greater efforts to address food insecurity and economic vulnerability, according to a new report by the Asian Development Bank.

Vietnamese companies need to further promote their products, especially online, if they wish to sell in foreign markets, a conference heard in HCM City yesterday.

Prime Minister Nguyen Tan Dung on August 19 chaired a meeting between the Cabinet’s standing members and ministry and sector officials on the lists of prohibited and conditional businesses, and those entitled to preferential investment treatments.

The Ministry of Transport has decided to stop a number of railways projects after discovering corruption and other misconduct by the investors.

Petrol wholesalers have lowered their fuel prices by as much as VND600 per litre at the request of the Ministry of Finance and the Ministry of Industry and Trade.

Chief negotiators of the Trans-Pacific Partnership (TPP) agreement will meet in Hanoi from September 1-10 to work out solutions blocking the trade pact.

The Ministry of Finance has issued Circular No. 103/2014/TT-BTC guiding tax levied on foreign organizations and individuals operating business in Vietnam or receiving incomes in Vietnam.

Many Vietnamese banks have been racing to open branches in other countries to increase their competitiveness and facilitate Vietnamese companies’ overseas investments.

The Ministry of Agriculture and Rural Development refused requests from seafood companies for low-interest loans for the importation of old fishing ships.

Saigon-Binh Tay Beer Joint Stock Company (Sabibeco) has just debuted its new alcohol-free beer named Sagota, the first of its kind to be produced in Vietnam.

Russia’s recent decision to ban fruit, vegetables, meat, fish, milk and dairy imports from the US, the EU, Australia, Canada and Norway creates opportunities for Vietnamese businesses to expand exports to the Eurasian country.

Vietnamese authorities have a couple options on the table for the efficient regulation of legal casino gambling for Vietnamese citizens, including a possible requirement to verify income.