Business

Deputy Prime Minister Nguyen Xuan Phuc has urged central Quang Nam province work harder in its efforts to make Chu Lai a major economic zone and thus attract more national and international investment projects.

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.

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

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.

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.

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.

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

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

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

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

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

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

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

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

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.

Both small and big banks have continued slashing salaries and bonuses for their staff in the context of the current economic difficulties.

Vietnam will launch a new attack on white-collar crime under a new joint circular on securities markets, effective from August 15.

A seminar was held in Hanoi on August 12 to discuss mergers and acquisitions strategy.

The green business exhibition held in September will bring Europe’s most advanced green technology to Vietnam.