Business

The Vietnam National Petroleum Group said that the fuel price has just increased by VND70-200 per litre beginning March 19.

The Asian Development Bank said emerging East Asia’s local currency bond markets have weathered the recent market volatility well but risks to the markets are ticking up.

Vietnam and the European Free Trade Association are in Free Trade Agreement negotiations and are expected to complete them by the end of this year.

The country’s consumer price index (CPI) will register an insignificant increase this month due to low demand, experts have forecast.

Vietnam’s “ultra high net worth individuals”, those with US$30 million or more in total assets, will double to nearly 300 in the next 10 years, according to the latest wealth report of Knight Frank.

The US group Exxon Mobil and Vietnam National Oil and Gas Group are working on a USD20 billion gas-electricity project in the central province of Quang Ngai.

Vietnam Airlines has banned its flight attendants on short and medium-length international routes from bringing large bags or suitcases to prevent smuggling.

Banks are optimistic and willing to offer low-interest loans as the State Bank of Vietnam lowered its caps for the first time this year.

Texhong Group, one of the largest suppliers of cotton and spandex in the world and among the top 10 businesses in China’s textile and garment sector, is making a further push into Vietnam with its newest $300 million cutting-edge

Transactions on foreign exchange (forex) trading floors are illegal in Vietnam and violators can face administrative fines of up to VND100 million, or US$4,760.

Prime Minister Nguyen Tan Dung on March 17 hosted a reception for Trade Commissioner of the European Union Karel De Gucht who is in Hanoi for the seventh round of talks on the Vietnam-EU free trade agreement (FTA).

The State Bank of Vietnam will set aside VND8 trillion in preferential credit to buy rice from farmers under a state-backed rice storage programme, said one official.

EU Trade Commissioner Karel de Gucht is scheduled to arrive in Vietnam on March 17 as part of his Southeast Asian tour to strengthen trade cooperation with these countries.

Many banks have been trying to boost lending to customers, focusing on those who have a demand for accommodation, in the context of their abundant capital.

A group of young people in Hanoi have devised an idea for having a local goldsmith make a golden Flappy Bird with the proceeds going to finance charity operations.

Prime Minister Nguyen Tan Dung on March 15 presided over a conference in Can Tho addressing pressing matters to provide adequate funding for agricultural rice production and consumption.

Air Mekong is facing the risk of having their business license revoked, as after one year of halting flights, the carrier has not yet had any plan to resume its operations.

The fleet of civil aircraft in Vietnam will increase to 230-250 by 2030, in accordance with the recent civil aviation strategy approved by the Prime Minister.

The People’s Court of the Central Highlands province of Dak Nong handed down a death penalty to a former bank director at a trial on March 13.