Business

The Ministry of Planning and Investment has released a list of 11 trades that are banned for investors, and had also lifted bans on 40 others.

The Deputy Minister of Science and Technology Pham Cong Tac will lead a delegation of prominent Vietnamese businesses attending the Annual Meeting of the New Champions 2014 from September 10-12 in Tianjin, China.

A US$3.2 billion oil refinery project of the UK Technostar Management Ltd in Vung Ro is set to get off the ground in central Phu Yen province on September 9.

Prime Minister Nguyen Tan Dung on September 7 attended a ground-breaking ceremony for a Thai Nguyen-Bac Kan expressway and an upgrade of 25km long National Highway 3 section.

The People’s Committee of central Ha Tinh province has authorisednine investors in the Formosa Industrial Park (IP) to employ 2,976 foreign workers.

Professor Dang Hung Vo, a senior Vietnamese real estate expert, has predicted that housing prices in Vietnam will drop as the year comes to an end.

Imported fruit from Thailand are expanding their presence in the Vietnamese marketplace thanks to their good quality and price, much to the chagrin of Chinese fruit growers.

Bulldozers yesterday began clearing the 114-ha site for the construction of the US$575-million Dak Nong aluminium smelting plant in this Central Highland province.

Vietnam has jumped up two ranks to 68th place among 144 economies worldwide, according to the Global Competitiveness Report 2014-15 which the World Economic Forum (WEF) released on Wednesday in Geneva.

There has been a trend among the rich in Hanoi and HCM City to buy push-bikes for prices riaching as much as VND560 million (USD26,660).

The Ministry of Finance has proposed a new draft decree which would tighten control over beer sales in Vietnam.

For the last three years, most State-owned enterprises (SOEs) have had stable operations with acceptable profits, but capital withdrawal from their non-core businesses contiues to be sluggish.

The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.

Overseas remittances to Ho Chi Minh City are estimated at US$ 2.75 billion during the first eight months of 2014, a year-on-year increase of 6.2%.

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.

Nearly 100 Vietnamese people currently working in Belarus are in dire straits because of non-payment.

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.

Many new graduates from Vietnam have become victims of labour export companies, believing promises of careers in Japan.

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.