Business

Motorbike producers have been increasing the number of new models in Vietnam despite slow demand in the local market.

SBIC, formerly known as Vinashin, is bracing for large losses as it proceeds with plans to change into a joint stock company in 2015.

The Ministry of Transport has announced it wants construction of a second terminal at Hanoi’s Noi Bai International Airport put on the fast-track and completed by the end of the year.

Prime Minister Nguyen Tan Dung will hold a dialogue with the business community in late April to address their concerns, according to the Vietnam Chamber of Commerce Industry President Vu Tien Loc.

Many provinces in Vietnam are asking for permission to open casinos while the Ministry of Finance said they are unsure about the effects of those projects on the country's economic growth.

Gazprom Neft, one of the leading oil producers in Russia, is concluding a deal with a Vietnamese partner acquire a stake at the Dung Quat oil refinery and to modernise the plant.

Vietnam’s GDP growth in the first quarter of 2014 highlights the need to balance the domestic-led and export-driven component of the economy, according to a recent report released by the Australia-New Zealand Banking Group (ANZ).

The Vietnam National Oil and Gas Group and Prista Oil Group of Bulgaria on April 8 co-hosted a dialogue in Hanoi to exchange experience in managing, collecting, refining and recycling lubricant oil for environmental protection.

Nearly 30 Vietnamese businesses are participating in the largest international food tradeshow in Asia –Food & Hotel Asia (FHA)–ongoing in Singapore from April 8-11.

Many villa projects in Hanoi are being sold at surprisingly low prices amid the slump in the market when their investors want to clear out the stocks.

A three-day International Grape and Wine festival will be held in Phan Rang City in Ninh Thuan Province from April 17-19 with the aim of promoting exchange, seeking investment opportunities and attracting tourists.

Prime Minister Nguyen Tan Dung has directed the Ministry of Information and Communications to take charge of the Vietnam Mobile Telecom Services company and the Institute of Post & Telecommunications Technology.

The World Bank forecasts that Vietnam’s economy will achieve a growth rate of 5.5% in 2014 and 5.6% in 2015, 0.1 percentage point and 0.2 percentage point higher than the forecast it made in last October.

Several major airlines in Vietnam have showed their ambitions to expand their operations in many new international routes in the time to come.

A number of Vietnamese banks have continued slashing deposit interest rates for some short terms to below the ceiling level regulated by the State Bank of Vietnam.

American Feeds Company, a wholly US invested company of the Gold Coin Group, inaugurated its feed mill in Binh Giang district, Hai Duong province, on April 7.

The market for smuggled goods in Vietnam has been greatly affected after a Vietnam Airlines' flight attendant was arrested by Japanese police for smuggling.

China has emerged as the fourth largest importer of Vietnamese seafood lagging behind the US, Japan and the EU, and it is predicted to be a major Vietnamese seafood consumer in the coming years.

Casino operators in Vietnam have placed their biggest bets on attracting Chinese customers.