Business

To date, only three out of 48 registered wind-to-power projects in Vietnam have become operational while most remain on paper.

China's eastern city of Hangzhou will start restricting car sales from Wednesday, joining major cities, including Shanghai and Beijing, in the fight against snarling traffic and heavy smog in the world's largest automobile market.

Thousands of trucks carrying farm produce have been stuck at the border in Lang Son Province waiting to deliver exports to China daily.

After the JTC bribery scandal was exposed, economist Pham Chi Lan said that transport construction projects in Vietnam often have inflated price tags as a result of corruption.

The US Consulate General in HCM City has announced the US Country Development Cooperation Strategy (CDCS) for Vietnam in 2014-2018.

The northern port city of Hai Phong remains the country’s second-biggest receiver of foreign direct investment (FDI), with 235.4 million USD being poured into the locality in the first quarter of 2014.

The Deputy Minister of Transport will be sent to Japan to check out a case of alleged bribery involving a Japanese firm and Vietnamese officials over an ODA project.

Two companies in Bac Ninh Province plan to sue local authorities for having licensed their cockroach raising farms if they are not compensated for the recent destruction of their businesses.

With public debt accounting for 48% of the GDP, each Vietnamese citizen currently owes VND18.6 million (USD886).

Vietnam expects the US will further support Vietnam in negotiations of the TPP agreement and soon recognise the country’s market economy status.

Three more transport officials have been temporarily fired for investigations into whether they are associated with the Japan Transportation Consultants, Inc.’s alleged bribes for an ODA project in Vietnam.

Lufthansa German Airlines has announced its suspension of flights to Ho Chi Minh City as from March 25 after 23 years operating in Vietnam.

Nguyen Van Hieu, Director of Vietnam’s Railway Project Management Unit (PMU), under suspicion of illegally accepting bribes worth VND16 billion in connection with railway projects, has been suspended pending further investigation.

The Ministry of Transport is verifying claims that an executive of the Japan Transportation Consultants, Inc. bribed Vietnamese transport officials in return for an ODA project.

The State Bank of Vietnam has issued a circular allowing commercial banks an additional year before applying new, strict debt classification standards.

As many as 450 businesses have registered to join VIETBUILD 2014 – an international exhibition on real estate, interior and exterior design, and construction materials – to be held in Hanoi on March 26-30.

The Ministry of Labour, Invalids and Social Affairs has suspended the activities of 14 Vietnamese and 11 Taiwanese employment companies involved in sending Vietnamese workers to Taiwan for regulation violations.

Low-income buyers will be allowed to mortgage their new houses or apartments to access loans from the VND30 trillion (US$1.3 billion) housing stimulus package.

The Minister of Transport explained that the high cost of construction for roads in Vietnam compared to other countries is due to slow site clearance.