Business

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.

Many commercial banks are raising concerns that cheap money has not led to the growth-igniting investment spree the monetary policy was designed to encourage.

Vietnam’s agro-forestry and fisheries exports hit 17.43 billion USD in the first seven months of this year, up nearly 12 percent from the same period a year earlier. The figure included 2.38 billion USD earned in July.

A man from Binh Duong Province has decided to sue Tribeco Company for refusing to grant him the VND100 million prize he won by using their product.

Inflows of foreign direct investment (FDI) dipped 19.90% in the first seven months of 2014 year-on-year to US$9.53 billion, according to) the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

The Bersa Vietnam Group has been forced to stop their mining activities at the Phuoc Son gold mine, the largest of its kind in Vietnam, due to mounting tax debt.

Vietnamese budget carrier VietJet Air on July 24 officially launched a new air route between Hanoi and Seoul (the Republic of Korea).