Business

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.

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 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.

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.

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 (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.

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.