Business

Hotel room prices on Phu Quoc Island, in the southern Vietnam, are the highest in the country, according to CBRE.

Vietnam achieved GDP growth of 5.25% in the second quarter of this year, bringing the six-month rate to 5.18%, according to the General Statistics Office.

ROSA, the first Vietnamese brand tablet with WiFi and 3G versions, was presented on June 26 by Microsoft Corporation, Vietson Informatic Co., Ltd and Intel Vietnam Corporation.

Vietnam and the Philippines on June 26 signed a cooperation plan on cruise tourism in the 2014-16 period, aiming at making the best use of sea potentials for their sustainable development.

The European Union (EU) has pledged to continue providing official development assistance (ODA) for Vietnam in 2014 with a total value of EUR 542 million, including EUR 130 million of non-refundable aid.

Vietnam wants to strengthen economic relations with member states of the Francophone community and creates favourable conditions for Francophone businesses to operate efficiently.

The former chairman of Vinalines received his salary from the company during the two-year imprisonment before he was sentenced to death.

Vietnam’s consumer price index (CPI) in June increased by 0.3 percent from the previous month, driving the total in the first half of 2014 up 1.38 percent.

Nguyen Duc Kien, former Vice Chairman of the ACB, along with three other bank officials appealed against their sentences.

Petroleum traders in Vietnam have decided to increase petrol prices by VND330 per litre, to VND25,230, the highest they have ever been.

While municipal authorities in HCM City are planning to revoke the licenses of hundreds of real estate projects, investors place blame on cumbersome regulations.

Ho Chi Minh City is on the path to creating a special economic zone concentrating on bolstering its GDP through the development of the sea-borne economy.

The Civil Aviation Authority of Vietnam suspended a VietJet Air crew that decided to land in Cam Ranh City instead of their original destination of Dalat.

The new general director of the Vietnam Railways Corporation vowed to improve customer service, which has been widely complained about in the past.

Ho Chi Minh City’s consumer price index (CPI) for June increased 0.58% over the previous month and 1.1% compared to December 2013, according to the municipal statistics office.

The US is conducting an antidumping (AD) and countervailing duty (CVD) probe into imports of steel nails from seven countries, including Vietnam. Under a US Department of Commerce (DOC) decision, steel nails from Taiwan, the Republic of Korea, Oman,

Vietnam should cease negotiations for long-term electricity contracts with China in order to avoid losses and potential harm to the national economy, according to one economist.

The former deputy general director of Vinalines, Vu Khac Tu, was detained yesterday in an investigation into an embezzlement case at Quang Ninh Port Company.

Many Vietnamese traders have been working with Chinese partners in deals that ultimately cheat Vietnamese farmers.