Business

The illegal trading of tobacco is causing Vietnam’s state budget an annual loss of around VND4 trillion in taxes, said an official.

Twenty-five countries and territories will attend the 8th international medical exhibition in Ho Chi Minh City from September 18–21.

A new bank, set up by the merger of PetroVietnam Finance and WesternBank, is expected to make its debut in October.

Many local beverage and confectionery companies are losing ground to foreign competitors in domestic markets.

The Ministry of Agriculture and Rural Development has decided to apply normal monitoring measures on seafood products imported from Japan.

Banks in Vietnam have settled a total bad debt of VND85 trillion by themselves by the end of July this year, according to the SBV.

The Vietnam Association of Seafood Exporters and Producers has voiced its objection to the anti-dumping tax rates on imported Vietnamese tra fish imposed by the preliminary decision of the US Department of Commerce after the ninth administrative review.

The Chairman of Tuan Chau Group said various partners are keen on cooperating with him on a USD7.5-billion casino project on the island.

The Vietnam General Confederation of Labour has just proposed to raise the minimum wage by 21-36% next year.

HCM City wants to attract more UK investors in the future, Le Hoang Quan, Chairman of the HCM City People’s Committee, told a seminar in London on September 4.

The US Department of Commerce has decided to impose new anti-dumping taxes on tra fish fillets imported from Vietnam.

Vietnam jumps five positions to 70th place according to the Global Competitiveness Index for the 2013-2014 period.

HCM City authorities have suspended leaders from four local public-service companies for embezzling from employees' salaries.

The International Monetary Fund warned the Group of 20 Wednesday that emerging economies were slowing more than expected and under pressure from US plans to slow its stimulus.

Workers at a S.Korean-financed factory in Tien Giang have denounced the firm’s managers for beating some of their fellow workers.

Individual landlords for foreign renters in Hanoi are facing harsh competition against a rising numbers of real estate corporations.

The Ministry of Industry and Trade has estimated Vietnam’s eight-month export earnings at US$84.82 billion, representing an annual increase of 14.7 percent.

HCM City authorities have found eight more public-service companies in the city who are violating employee's salary payment regulations.

Four types of Vietnamese fruits may be licensed for exporting to the US in the near future, one official said.