Business

Japan’s Yanmar Company is implementing a pilot project to supply 180 composite vessels to Vietnamese fishermen to help them increase tuna yield and quality.

To-be-opened air routes linking southern Phu Quoc Island with international destinations are hoped to smooth the way for tourists as well as investment to the place dubbed “ Pearl Island ”.

Contractors are stepping up construction work on three infrastructure projects worth billions of US dollars in capital Hanoi to ensure they will be put into operation late this year.

Starbucks, the world’s largest coffee company, has announced plans to open three new cafes in Hanoi over the next year targeting young people and foreign tourists.

Government apartment buildings in Hanoi are showing signs of deterioration and private companies find it difficult to invest in these projects.

The Asian Development Bank (ADB) has cut its 2014 growth forecast for Southeast Asia to 4.7 percent from the April projection of 5 percent.

A vast amount of inauthentic Phu Quoc fish sauce has flooded the market after Phu Quoc received the EU certificate of Protected Designation of Origin in 2012.

Japanese banks will loan the Electricity of Vietnam group more than US$338.2 million to build the Vinh Tan 4 thermal power plant in the central province of Binh Thuan under a contract inked in Hanoi on July 17.

An official from the Civil Aviation Authority of Vietnam has said that Vietnam will change the routes of all flights with paths through Ukraine.

Experts have shown optimism despite the slow credit growth over the past six months, which had raised concerns over the banking system's ability to reach the year's target of 12%-14% growth.

Vietnam is the second largest country to be provided with nearly US$ 4 billion from the WB’s International Development Assistance (IDA) resource, the visiting WB President, Jim Yong Kim, told President Truong Tan Sang at their meeting in Hanoi

The new air route between Can Tho and Danang will facilitate tourism development and investment cooperation, said Can Tho City People’s Committee Chairman Le Hung Dung.

More than 100 domestic and foreign companies are introducing their latest technologies in energy saving & green power at two expositions which kicked off in HCM City on July 16, encouraging consumers to conserve and use renewable energy.

More than 18.85 million travelers have spoken, and they’ve voted Hong Kong’s flagship carrier Cathay Pacific Airways the world’s best airline for the fourth time.

A number of reports by domestic and international organisations seem to show that the number of super-rich people has been increasing in Vietnam, a trend that is expected to continue.

PM Nguyen Tan Dung has asked the Ministries of Finance and Industry and Trade to regulate petroleum prices in line with the market and to ensure transparent pricing.

The Dung Quat Oil Refinery needs up to US$2 billion to raise its annual processing capacity from its current 6.5 million tonnes to 10 million tonnes in the future.

A cooperative project between Vietnam and Japan has helped set up the Basic GAP process for safe vegetable production, which gives farmers simpler technical requirements.

Vietnam National Shipping Lines is forecast to lose around VND1 trillion in 2014, the fifth consecutive year of losses for the shipping giant.