Business

The market was boosted by foreign investors acting as net buyers, with value increased throughout the week, which helped the VN-Index to rebound.

Transport Minister Dinh La Thang has asked concerned agencies to expedite work on a major project to improve operational efficiency of the No 5 Seaport System to make it a regional entrepot in the near future.

PetroVietnam earned revenues of more than USD37 billion in 2013, topping domestic companies for the year.

Vietnam and the European Union conducted the sixth round of free trade agreement negotiations in Brussels from January 13-17 and they planned to end bilateral talks this September.

Many print newspapers in Vietnam have reported modest earnings and declining readership, said a recent meeting held in Hanoi.

Tax policy amendments have improved the conditions facing foreign businesses operating in Vietnam.

Hanoi is aiming to welcome 15 million domestic tourists and 2.8 million international visitors during 2014.

Quang Ninh Province will ban local bear farms from bile extraction starting in 2014, after strong condemnation from activists.

Vietnam plans to cautiously expand credit growth to 12-14 per cent in a bid to facilitate companies, boost the national economic revival and tackle inflation.

From March 1, State-owned enterprises will have to switch to non-cash payments as stipulated by a recent Government decree.

From February 5, enterprises can negotiate and reach agreements with tax authorities over the taxable prices of their goods or services, according to a newly-released circular by the Finance Ministry on the implementation of the Advance Pricing Agreement.

The Vietnam National Oil and Gas Group (PVN) has been asked to speed up restructuring to become a leading economic group capable of competing with regional and international companies.

Nearly 40 Japanese businesses are conducting investment and trade promotion activities in Ho Chi Minh City over January 14–15.

The PM said that it is necessary to build Long Thanh International Airport, as an upgrade to Tan Son Nhat International Airport would be costly and unfeasible.

Rockefeller-backed Rose Rock Group and Vietnam-based Vung Ro Petroleum have signed an agreement to develop a US$2.5 billion resort in Vung Ro Bay on the south central coast of Vietnam.

Many state-owned enterprises in Vietnam will go public for the first time in 2014 following the restructuring requested by the government.

HCM City takes the lead among localities in the “Vietnamese people give priority to using Vietnamese goods” campaign, said Nguyen Thi Hong, Vice Chairwoman of the Municipal People’s Committee.

Prime Minister Nguyen Tan Dung has affirmed that the Vietnamese Government creates favourable conditions for Cambodian enterprises to invest in Vietnam, while doing its best to back Vietnamese businesses looking to explore opportunities in Cambodia.

Electric bikes are known to be used by students and older people, but more and more people in Hanoi have been using them following several fuel price hikes.