Business

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.

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

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

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

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

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’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.

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.

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.

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

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.

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.

The bad debt rate of Vietnamese banks had surpassed 4% of total outstanding loans by the end of April this year.

A private company in HCM City is planning to invest some VND1.5 trillion into buy 95 fishing ships with equipment to be used on the East Sea.

Prime Minister Nguyen Tan Dung signed off last week on a decision to create the Ho Chi Minh City Region by 2030 with a vision to 2050.

The Ministry of Transport on July 6 officially put into operation the coastal shipping route from Quang Ninh to Quang Binh.

The credit rating agency Moody's has predicted that ASEAN economies will be affected considerably if China’s economic growth in 2014 and 2015 drops below Moody's baseline projection of 6.5-7.5 percent.

Farmers in the Mekong Delta region have harvested one-fourth of the summer-autumn rice, with an average yield of 5.6 tonnes per ha, according to the local Plant Cultivation Department.

Renovations got underway on July 5 at the Thac Mo hydropower plant in Binh Phuoc province to lift its capacity from 150 MW to 225 MW.