Business

China pushes for developing world's rights as BRICS summit opens

China will dedicate itself to "perfecting" the role developing countries play in international affairs to give them better representation and a greater say, President Xi Jinping said ahead of a summit of BRICS nations in Brazil.

Vietnam becomes ideal market for beer producers

Vietnam has become a promising market for beer production as the country tops Southeast Asia in beer consumption, totaling 3 billion litres of beer per year.

HCM City market attracts giant foreign retailers

The retail market in Ho Chi Minh City is getting set for major realignments as many of the world’s leading retailers in the food, beverage, and fashion industries formulate expansion plans to set up shop.

Vietjet Air plans to open air routes to RoK

As planned, the first charter flight between the Danang and Incheon international airports will lift off on July 16, with the first Hanoi- Incheon commercial flight taking off on July 24.

New State-owned enterprises must focus on critical areas

New State-owned enterprises (SOE) can only be formed if they provide products and services critically important to ensuring national economic security, according to a new decree approved by Prime Minister, Nguyen Tan Dung.

Thai firm to build thermal power plant in Vietnam

Central Quang Tri province’s People’s Committee and Thailand’s EGAT International Company (EGATi) on July 11 inked a memorandum of understanding (MoU) on cooperation in building a thermal power plant in the locality.

Bac Ninh provides VND300 bln for Samsung Display

The People’s Council of northern Bac Ninh province on July 10 approved a VND300 billion incentive package to recruit a new Samsung Display project to the Yen Phong Industrial Park.

VietJet Air staff suspended after destination change scandal

The Civil Aviation Authority of Vietnam has decided to suspend a number of VietJet Air staff who were involved in changing a flight's destination from Dalat to Cam Ranh.

ASEAN labour force to expand by 16 percent

The labour force in Southeast Asia will increase by 16 percent in 2012-2015, Moody’s Investors Service cited recent World Bank estimates.

VCCI accused of misusing state budget funds

The Vietnam Chamber of Commerce and Industry has committed wrongdoings when they made bank deposits totaling over VND9.4 billion.

SBV Governor: Big banks also to be restructured

Governor of the state bank said that from now to the year's end, they will begin restructuring big commercial joint stock banks.

VNPT speeds up restructuring process

The VNPT will propose a plan to the government to set up three corporations in the third quarter of the year, one official said.

ASEAN on verge of borderless economy

The ASEAN Economic Community to be established next year is expected to enable free movement of goods, capital, and skilled labour, a seminar heard in HCM City on July 9.

Vietnam, RoK sign two ODA loan agreements

Vietnam’s Ministry of Finance and the Export-Import Bank of the Republic of Korea signed two ODA loan agreements worth US$162 million through the Economic Development Cooperation Fund in Hanoi on July 9.

World Bank: economic growth modest

Vietnam's macro-economic stability continued to improve. but its economic growth remained modest and failed to match potential, the World Bank said in a report released yesterday.

Households urged to check their electricity meters after complaints

Electricity officials in Vietnam have called on households to keep a close watch on their electricity meters following recent complaints about sudden rises in bills.

Ministry orders the replacement of managers of railway projects

The Ministry of Transport has made several adjustments to key positions in the railway sector in order to improve services.

SMEs not yet ready for Vietnam-EU FTA: officials

Small and medium-sized enterprises are still not prepared for the Vietnam – EU Free Trade Agreement that is expected to be signed this October, officials warned.

Vietnam anticipates US$500 mln trade surplus in 2014

The trade sector has worked out a number of solutions aiming to boost exports and produce a trade surplus of US$500 million by the end of the year, the Ministry of Industry and Trade reports.