Business

ASEAN Economic Ministers Retreat wraps up

The ministers discussed regional economic issues, agreeing on 2014 priorities towards the establishment of an ASEAN Economic Community and the completion of negotiations for the Regional Comprehensive Economic Partnership by 2015.

Hundreds of workers strike for non-payment

Nearly 400 workers from a South Korean company in Binh Phuoc Province accused the firm of not paying their salaries for three months.

Bitcoin banned from Vietnamese banks

The State Bank of Vietnam has banned the use of the virtual currency, Bitcoin, for all domestic commercial banks.

NEWS BRIEF & COMMENT: Innovation and Competitiveness: Lessons from Samsung's Galaxy S5

Since the introduction of the Galaxy S5 by Samsung in a presentation style reminiscent of Steve Jobs' at the Mobile World Congress in Spain last Monday, the media is abuzz about what is cool and what is missing

New tourism route linking Thailand inaugurated

The central province of Ha Tinh on February 26 launched a new travel route linking it and Thailand’s Sakon Nakhon province.

Further allegations come to light in Rung Toan Cau case

Police in Hanoi and HCM City announced added suspicions of dubious activities at Phuc Thinh Company, a subsidiary of Rung Toan Cau.

Vietship 2014 attracts global names

An international shipbuilding exhibition was opened in Hanoi on February 26, attracting leading global shipbuilders from Japan, the Republic of Korea, China, the Netherlands, Norway and Singapore.

HCM City company accused of violating labour law

A group of employees at Hoang Vinh Kim Ltd., in HCM City sent letters to local authorities in seek of help after they were suspended for asking for a labour contract.

Kuwait eyes US$1 billion trade with Vietnam

Kuwaiti Consul General in Ho Chi Minh City Omar Al-Qenael has voiced his hope that two-way trade between Vietnam and Kuwait will exceed US$1 billion in the next few years.

Bird flu bad business for poultry industry

As the bird flu, A/H5N1, continues its spread through Vietnam, traders have taken advantage of farmers' lower poultry prices while shops suffer from slow sales.

Dung Quat oil refinery celebrates five year anniversary

Binh Son Oil Refinery located in the central province of Quang Ngai celebrated its fifth anniversary of operations on February 25.

US businesses keen on Vietnam market

High-level executives from 33 leading US companies, who are sanguine on prospects for doing business in Vietnam, attended the annual US-ASEAN Business Council (USABC) in Hanoi on February 24.

Nhon-Hanoi Station metro route taken to task for slow construction

The chairman of the Hanoi People’s Committee, Nguyen The Thao, has criticised the sluggish construction of Nhon-Hanoi Station metro route.

Transfer pricing out of control in Vietnam

The Government Inspectorate said management agencies are failing to define databases and information about transfer pricing of foreign-invested enterprises in Vietnam.

Ministry mulls over sin tax on soft drinks

The Ministry of Finance is considering a special consumption tax on soft drinks for their potential health risks.

Viettel group has new general director

Major-General Nguyen Manh Hung, deputy general director of the army-run Viettel group, has been appointed by the Ministry of Defense as the General Director of Viettel to replace Lieutenant General Hoang Anh Xuan.

Rung Toan Cau tries to collect on empty promise

More signs of evident scams from Rung Toan Cau Company continue to surface, prompting Thanh Hoa Province authorities to issue warnings.

WB funds estuary upgrade

A ground-breaking ceremony was held in Nam Dinh City yesterday for a project that would upgrade major waterway corridors and river ports in the Lach Giang Estuary.

Finance Minister to visit US in March

A Finance Ministry delegation led by Minister Dinh Tien Dung will pay a working visit to the US from March 8-15 at the invitation of his US counterpart Secretary Jack Lew.

SBV refutes Moody’s assessment of bad debt in Vietnam

According to Moody's, bad debt in the Vietnamese banking system accounts for at least 15% of its total assets, an assessment the State Bank of Vietnam denies.

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