Business

Vietnam, Laos cooperate on Tuan Chau Island luxury resort

Vietnam and Laos have signed an August 16 Memorandum of Understanding in Vientiane confirming plans to work together on a Tuan Chau island luxury resort in Quang Ninh province’s Ha Long City.

Big profits for Petrolimex in first-half

Petrolimex has posted a pre-tax profit of VND388.2 billion from its fuel trading activities alone between January and June this year.

Deputy PM: Power sector must restructure

Deputy Prime Minister Hoang Trung Hai has made it clear that the restructuring of the power sector is now a must to improve its competitive edge and performance.

Thai PTT confident of success for major oil refinery project

It would not be very difficult for Thai PTT Public Company Limited to build a USD27-billion oil refinery plant in Binh Dinh Province, a company official said.

Coca Cola seeks ministry blessing on expansion

World beverage giant Coca Cola is expecting to receive support from the Ministry of Industry and Trade to develop the non-alcoholic drink manufacturing industry in Vietnam.

Major transport projects in Hanoi move at sluggish pace

The construction paces of all 12 key transport projects currently underway in Hanoi remain sluggish due to problems with site clearance.

WB asked to continue support for Vietnam's economic reforms

Deputy Prime Minister Nguyen Thien Nhan has proposed the World Bank (WB) increase assistance, both financially and technically, for Vietnam to help the country

Rampant “black credit” causes many insolvency cases in Vietnam

Despite being banned by the law, “black credit” still develops all across the country as it easily meets people’s quick demand for capital.

Eximbank named best bank in Vietnam in 2013

The Vietnam Export-Import Bank (Eximbank) has won the “Best Bank in Vietnam 2013” Award of Euromoney, the world’s leading financial magazine.

Beverage industry thrives despite tough times

While many industries are suffering from the economic downturn, the beverage industry has continued to grow over the first half of this year.

Locals look forward to casino entry

A state official has just proposed a pilot plan to let Vietnamese people gamble at casinos in Vietnam.

Fleeing FDI investors leave behind disaster

Many FDI companies, forced to cease operations after the investors abandon the projects, have left unpaid wages, bureaucratic problems and anger in their wake.

US levies anti-subsidy duties on Vietnamese shrimp

Local shrimp exporters are facing the risk of being imposed double taxation on the US market.

Hanoi to allocate US$15 million for price stabilisation

Hanoi will provide VND318 billion (roughly US$15 million) in zero-interest loans between July 2013 and April 2014 in a bid to stabilise the price of essential goods.