Business

Mobile coffee shops thrive in HCM City

A coffee service on motorbikes and bicycles, which requires only a small investment capital but can generate big profit, have become more popular in HCM City.

Huyndai Vinashin agrees to build tankers

Huyndai Vinashin announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.

SBV lowers ceiling rates on VND and USD

The State Bank of Vietnam has just issued circulars that further lowered the deposit and lending interest rates of foreign credit institutions.

Hundreds of hydro-power projects dropped

The Ministry of Industry and Trade and provincial authorities have agreed not to go ahead with 338 hydro-power plant projects with a total capacity of more than 1,000MW.

HCM City businesses bemoan exorbitant licensing fees

Foreign firms which want to invest in Vietnam often have to spend between USD10-20,000 to get a license, an official said.

Banks look to foreign funds

Many Vietnamese banks are seeking support from foreign partners, including Japanese investors, in a bid to boost their capital.

True relationship between chairmen of Bao Son and Bao Long groups revealed

The chairman of Bao Son Group exposed more details about the nature of the case which led to the arrest of the chairman of Bao Long Medical Group.

New chairman assigned to Vietnam Rubber Group

The Vietnam Rubber Group, which was accused of land grabbing in Laos and Cambodia by Global Witness, has a new chairman.

ANZ expert warns inflation resurface due to medicine price hikes

An expert has said that Vietnam may face the risk of inflation resurfacing in the coming time if the prices of medicine and health services continue rising.

Vietnam’s GDP growth estimated at 4.9% in first half

Vietnam is estimated to post a GDP growth of 4.9% in the first half of this year, said an official.

FDI hits nearly US$10.5 billion in six months

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.

Veka charts a course to help Vinashin get on its feet again

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

PVFC announces merger plan with Western Bank

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

Farmers in Mekong Delta facing mounting challenges

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.

Data on fuel stabilisation fund to be publicised

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

Hanoi high-tech park takes two-decades for site clearance

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

Central coastal region strengthens international connectivity

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.