Business

VietJetAir has signed a memorandum of understanding (MoU) with the world's leading aircraft manufacturer Airbus for an order of 100 aircraft of different types.

A recent inspection conducted by the Government Inspector found that FDI companies in Vietnam have continued reporting losses while expanding operations.

Secretary of Trade Penny Pritzker and Trade Representative Michael Froman have expressed the US’s desire to increase multifaceted cooperation with Vietnam, primarily in economics, trade and investment.

For the first time in several decades, the State Bank of Vietnam’s exchange rate management has successfully prevented what it terms the ‘dollarisation’ of the national economy.

The Ministry of Construction has announced a revised draft of the Housing Law, which bans the use of residential homes as guesthouses.

The State Bank of Vietnam on September 25 announced administrative procedures relating to selling, buying and solving bad debts from domestic credit institutions for the Vietnam Assets Management Company.

Vietnam’s Gross Domestic Product growth rate was estimated at 5.14% in the first nine months, according to the Ministry of Planning and Investment.

Saigon-Hanoi Commercial Bank announced that it has settled nearly VND3 trillion of bad debt one year after being merged with Habu Bank.

The Ministry of Finance and Ministry of Health have exchanged blame over unmanageable rises in prices for baby formula.

More than US$3.1 billion out of nearly US$4.6 billion in official development assistance have been disbursed over the past nine months.

20 of the largest coffee exporters have made complaints that their operations have been threatened by slow VAT refunds.

A number of big corruption cases will be prosecuted this year, including the scam related to the founder of the ACB, Nguyen Duc Kien, an official said.

Fitch Ratings forecast that the Vietnamese banking system would be stable in 2014.

The HCM City People’s Committee has requested a thorough inspection of four companies whose leaders were found to have embezzled employees' salaries.

The Ministry of Industry and Trade is introducing a programme specifically designed to support local businesses attempting to penetrate potential European Union market.

The country is estimated to run a trade deficit of US$300 million in September, according to the General Statistics Office.

Vietnam is in need of support and technical assistance from international donors, said Deputy Minister of Industry and Trade Nguyen Cam Tu.

The PM has signed a regulation requesting FDI firms to make a deposit in order to prevent their owners from fleeing the country.

The CPI in the country's two largest cities continued to increase in September due to a price surge in education-related commodities.