Business

In the first half of this year, Vietnam attracted nearly US$10.5 billion in foreign direct investment to 554 new and 217 existing projects, up 15.9% from a year earlier.

Netherlands’ shipbuilder Veka Group is looking to sail into Vietnam’s shipbuilding industry though joining hands with the struggling state-run Vinashin.

The PetroVietnam Finance Joint Stock Corp have announced a merger plan with Western Bank which is facing financial difficulties.

Farmers in the Mekong Delta are facing amounting challenges and losses from growing rice.

Vietnam’s consumer price index in June increased slightly by 0.05 percent from the previous month, driving CPI in the first half of 2013 up 2.4 percent against last December, the lowest rate of growth since 2004.

The Ministry of Finance will publicise the usage of fuel stabilisation fund and be more effective in budget spending.

Despite being established in 1998, Hoa Lac High-tech park’s site clearance has not yet been finished.

Representatives from localities and the diplomatic corps met for a June 22 conference in the ancient town of Hoi An city in Quang Nam province to discuss ways to develop international tourism and boost cooperation towards sustainable green growth.

The TAL Group from Hong Kong plans to invest US$200 million to produce fabrics, garments and textiles in Vietnam.

The HCM City-based company, Travel Life, will be fined VND80 million for leaving 701 visitors in Thailand, said an official.

Deputy PM said that the Government of Vietnam will direct relevant ministries, agencies and localities to speed up the implementation and disbursement of ODA funded projects relating to transport.

The June CPI in the country's two largest cities increased after recent falls, the General Statistics departments said.

Vietnam’s trade deficit rose to USD1.06 billion from the beginning of the year to June 15 despite increased exports.

The NA approved the revision of the Law on Enterprises, helping to save around 3,000 FDI companies from shutting down.

The Vietnam National Coal and Mineral Industries Group plans to reduce coal production and consumption from 43 to 39 million tonnes this year, says Nguyen Van Bien, Vinacomin's deputy general director.

Vietnam’s seafood exports increased by 8.3% in May as a result of rising shrimp and tra fish export revenues, one agency said.

Two-way trade turnover between Vietnam and India reached US$2.246 billion in the first five months of this year, up 47.1 percent against the same period last year.

National Assembly deputies yesterday adopted four laws, one of them will regulate a lower corporate income tax from next year.

The Vietnam Competition Authority has given warnings about the explosion in fake and exaggerated TV shopping adverts.