Business

The State Bank of Vietnam announced that operations at the Vietnam Construction Bank continue as normal after the police arrested members of the bank's top management.

Overseas remittances to HCM City in the first seven months reached US$2.42 billion, representing a year-on-year increase of 5.2 per cent.

Prime Minister Nguyen Tan Dung has authorized the Quang Ninh provincial People’s Committee to carry out the Quang Ninh air terminal project – one of the country’s four air terminal projects calling for investment.

The ANZ-Roy Morgan Vietnam Consumer Confidence Index posted another strong gain, increasing by 3.1 points to reach 134.1 in July.

A revised Enterprise Law will motivate enterprises and create a transparent business climate, policy-makers and economists have affirmed.

Vietnam’s national flag carrier Vietnam Airlines has launched its annual promotion programme on a number of international flights, with airfare starting from just VND199,000 (US$9).

The Government Inspectorate has discovered several cases of malfeasance related to accounting and dispersal of the state budget and treasury.

China’s illegal placement of Haiyang Shinyou 981 oil rig on the Vietnamese continental shelf was estimated to have cost Vietnam 0.7% of its GDP, according to one expert.

Moody’s Investors Service upgraded Vietnam’s credit rating on July 29, reflecting its continued macro-economic stability.

Though the new Land Law has not completely satisfied all involved parties, it ensures more transparent and equitable treatment for land users, property consultancy CBRE said in a report.

The General Statistics Office (GSO) yesterday reported that the total retail sale of goods and services in the first seven months achieved a year-on-year increase of 11.4 per cent to US$78.8 billion.

The Governor of the State Bank of Vietnam has issued a draft circular which allows prize-winners at casino to receive their payouts in foreign currencies.

A number of subsidiaries of the Vietnam Railways Corporation are being equitised, including two major companies, Hanoi Railway Passenger Transport and Saigon Railway Passenger Transport.

The prices of petroleum products have been cut by VND330-VND350 per litre beginning from July 28.

More than three months since it was put into operation, the Samsung Electronics Vietnam Thai Nguyen (SEVT) earned nearly US$2 billion from exports, mostly smartphones and tablets (June statistics).

An official from Tribeco confirmed that the company does not intend to pay the prize-winner, claiming that the ticket was invalid.

Several Vietnamese companies have made plans to produce more creative children's toys to gain a larger share of the domestic market in the lead up to the Mid-Autumn Festival.

Transport Minister Dinh La Thang has ordered that the new sleep pod service offered at Noi Bai International Airport be stopped.

The Vietnam's airlines have been ordered to identify at least one reserve airport for landings, in case of bad weather.