Business

Duong Chi Dung’s corruption case at Vinalines has aroused great public criticism and the punishment he gets will measure the country’s anti-corruption will, one official has said.

The Government has proposed the National Assembly raise the 2013-14 budget deficits to 5.3% of GDP to meet development investment requirements and pay debts.

Latest statistics reveal that ASEAN economies remained buoyant as nominal Gross Domestic Product grew by 5.7 percent at 2.31 trillion USD in 2012, according to the ASEAN Secretatiat.

Apple is expected to rev up its iPad line Tuesday as the tablet market heats up with competition from devices powered by software from Google and Microsoft.

An inter-governmental committee between Vietnam and Sudan will be established soon to expand bilateral economic cooperation on a par with their fine political relations.

Tourism companies in central coastal Quang Nam Province and Danang City have faced a great loss due to the recent Storm No. 11.

Three major mobile providers in Vietnam are facing public criticism for a group monopoly after they decided to increase 3G service fees by 40% at the same time.

Authorities in Vietnam are discussing solutions to rice production so as to increase the incomes of farmers who have continued to complain about modest profits.

Vietnam, the world's largest pepper exporter, is expected to export 130,000 tonnes of pepper worth US$850 million this year, up $50 million from last year, according to the Vietnam Pepper Association.

Some experts said that the feasibility study of Long Thanh International Airport is unbelievable and must be re-checked to avoid waste.

The Asian Development Bank will lend Vietnam US$410 million to build sections of a second arterial highway linking HCM City with the Mekong Delta and southern coastal region.

The unemployment insurance programme is owed billions of VND due to lax regulations and lack of awareness.

International tourism grew by five percent in the first eight months of 2013, a better-than-expected growth driven mostly by strong results in Europe and Asia, the World Tourism Organisation said Thursday.

The Marriot Hanoi Hotel Project’s main contractor has claimed that they were not responsible for the debts to 39 Vietnamese sub-contractors.

The customs officials have been prosecuted for helping Vinalines ex-leader, Duong Chi Dung, buy an outdated floating dock.

Experts have raised concerns over the disparity in announced statistics; however, the SGO said that the problem is not as serious as their assessments.

The effective use of official development assistance over the past 20 years has helped Vietnam make great socio-economic strides in the comprehensive renewal process.

More than 200 workers at a South Korean-invested company in Ninh Binh Province went on strike for two days due to the firm’s unreasonable working conditions.

While several aquatic resources are being over exploited, Vietnamese consumers have been urged to consume sustainably caught and raised seafood.