Business

MoF launches tax management scheme

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.

PM Dung calls on oil and gas group to accelerate restructuring

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.

Japanese businesses seek opportunities in HCM City

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

PM affirms necessity for Long Thanh International Airport construction

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.

US firm to develop US$2.5 billion Vung Ro resort

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.

SOE restructuring urged for 2014

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

HCM City pioneers the use of Vietnamese goods

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.

PM: Vietnam welcomes Cambodian investors

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 motorbikes popular amid fuel price hikes

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.

Ministry cuts petroleum imports

The Ministry of Industry and Trade has decided to reduce the petroleum import quota for this year to approximately seven million tonnes from the earlier 9.115 million tonnes.

Shrimp project helps create ‘organic coast'

A new model of integrative shrimp farming introduced in Ca Mau will help farmers earn more while preserving the mangrove trees that aquaculture often destroys.

Top 50 recruiters announced

A ceremony announcing Vietnam’s best 350 recruiters unfolded in Hanoi on January 10.

VNAT sets sights on 8m tourists with new campaign

The Vietnam National Administration of Tourism (VNAT) has unveiled a plan to promote the tourism industry overseas with a target to welcome 8 million foreign visitors this year.

Prime Minister gets tough on transport sector

The PM urged the Ministry of Transport to quicken the equitisation process of 11 state corporations in 2014, saying he would fire any leaders deemed incompetent.

Vietnam Airlines’ 2013 profit surpasses financial target

Vietnam Airlines earned a pre-tax profit of VND533 billion in 2013, 34% more than the year's target, despite difficulties in the world economy.

Philippines: Agency warns of artificial rice shortage

The National Food Authority of the Philippines (NFA) has warned of a “disinformation campaign” planned by several groups to create an artificial rice shortage, affirming that the country still has enough rice.

Demand rises for seasonal workers

Many enterprises, restaurants and supermarkets in Hanoi and HCM City need more seasonal workers as the Lunar New Year holidays are approaching.

Vietnamese rice to face tough competition in 2014

The Vietnam Food Association has forecasted Vietnamese rice will face tough competition from Thailand and other rice-exporting Asian nations in 2014.

Party leader pays visit to northern province on economic mission

Party General Secretary Nguyen Phu Trong yesterday paid a working visit to Chieng Ban Commune, Mai Son District, Son La Province, while on tour of the northern mountainous province.