Business

HCM City keen on cooperation with Cuba

A senior Vietnamese official has stated that Ho Chi Minh City is appreciative of its cooperation with Cuba, which spans many areas including bio-technology, medicine, infrastructure, tourism and food processing.

Vietnam warned over rising credit card-related crimes

Vietnam has reported several criminal cases related to counterfeit credit cards and the situation may get worse in the future.

Collateral deposit makes working in South Korea difficult

The new policy that requires workers, who want to work in South Korea, to deposit VND 100 million, has become a big challenge for them.

August trade surplus hits US$176m

Vietnam's balance of trade hit a US$176 million surplus in the month of August, according to the General Department of Customs.

WTO values Vietnam’s policy reform

The World Trade Organisation has acknowledged Vietnam’s efforts in introducing trade policies, in line with WTO rules and regulations, since it joined the organisation in January 2007.

Vinashin to lay off 14,000 labourers

Vietnam Shipbuilding Industry Group plans to cut around 14,000 labourers of their 26,000 workforce due to operational difficulties.

Singapore tops ASEAN in economic dynamism

Singapore has become the most dynamic economy in the Association of Southeast Asian Nations after it scored 61.9 points in t he Grant Thornton Global Dynamism Index 2013.

Vietnam fails consistently at marine tourism development

Vietnam has many advantages for marine tourism development, however, the country still fails to develop its marine tourism services.

New Zealand commits ODA to Vietnam

Deputy Prime Minister Bill English has said the New Zealand government will continue providing official development assistance (ODA) to Vietnam at a steady level.

Petrolimex official denies doubt about its profit

Petrolimex’s pre-tax profit in its fuel trading in the first half of this year has drawn some scepticism but, a firm official stood by the figure.

VNPT braced for State overhaul this month

The Ministry of Information and Communications is expected to formally restructure the Vietnam Post and Telecommunications Group this month, according to Minister Nguyen Bac Son.

Shortage of able personnel hinders tourism development

The Vietnamese tourism industry is lacking able personnel even though the industry is growing and greeting more tourists each year.

Singapore group eyes more joint IPs in Vietnam

Singapore’s Sembcorp Development Group plans to develop more industrial parks in Vietnam in the future, announced the group’s CEO Kelvin Teo.

PM demands dairy hike explanation

The Prime Minister asked the ministries of Health and Finance on Thursday to report the high price of milk on the local market.

Vietnam strives for $30b border trade by 2020

Vietnam aims to record US$30 billion from border trade by 2020, according to a development plan approved recently by the Prime Minister.

ODA commitments for Vietnam reach USD80 billion

The international community has pledged to provide Vietnam total ODA of nearly USD80 billion over the past two decades.

Phu Bai airport to reopen this month

The Phu Bai International Airport in the central province of Thua Thien-Hue will be re-opened on September 20 after a five-month upgrade.

Quang Ninh eyes casino project

The Tuan Chau Group and US-based ISC Corporation yesterday signed a Memorandum of Understanding on a project to build a US$7.5 billion entertainment and hotel complex in the Van Don economic zone.

Ministry requires re-check on hydropower projects

The MoNRE has proposed to re-evaluate the construction of two hydropower projects due to their potential environmental pollution.

Abbott destroys imported milk in Vietnam

Abbott Nutrition Vietnam announced it has destroyed all batches of imported milk for children suspected of containing the Clostridium Botulinum germ that may cause muscle paralysis.

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