Business

The Mekong Delta city of Can Tho is implementing plans to build three industrial zones with a total area of 1,400 hectares.

In 2013, the tourism sector expects to further gain better performance when Vietnam continues to be a friendly and attractive destination for international tourists.

Investors have used dozens of power projects in Phu Yen Province to exploit local forests, causing losses to hundreds hectares over the past decade.

Finance Minister Vuong Dinh Hue has affirmed that the concerted combination of fiscal and monetary policies will help remove difficulties for businesses and accelerate corporate restructuring and the implementation of the 2013 budget goals.

Many businessmen and companies are busy sending local Tet specialties to Vietnamese communities in foreign countries.

Even when people flock to make the last-minutes purchases for Tet, small traders said they could not compete with supermarkets.

Senior economic expert Tran Hoang Ngan believes that effectively implementing Government solutions will help Vietnam’s economy develop steadily and fulfil major targets set for 2013.

The State Bank of Vietnam is gathering opinions from local banks and credit institutions on its draft circular on gold bar trading.

Police has proposed prosecuting four more officials for embezzlement in the Vinalines corruption case.

Vietnam has secured a credit contract, worth 75 million Euro, from France for bettering its power transmission network.

EU leaders began two days of talks in Brussels on Thursday. They are likely to face tough negotiations over the bloc’s 2014-2020 budget during the summit.

The PM has approved the restructuring plan of the Vinalines which includes withdrawing capital from various non-core areas.

The HCM City People's Committee has approved a circular on the use of unbaked bricks in local buildings, aiming to boost the production and use of "green" building materials.

Vietnam plans to generate and import over 133.4 billion kWh of electricity in 2013, a year-on-year increase of 11 percent, to meet national demand.

Hanoi Telecom recently complained that Viettel and VNPT cut its connection channels, causing difficulties for its operations.

The country saw a big increase in industrial production and export in January, according to the Ministry of Industry and Trade.

The Vietnamese Government has confirmed its support for speeding up the site clearance for construction projects to avoid delays which may cause losses to contractors.

The Ministry of Industry and Trade is seeking opinions from different agencies concerning a USD27 billion oil refinery project by the Petroleum Authority of Thailand.

Private sector company Masan Group has announced that its consumer goods arm - Masan Consumer - would purchase 24.9 per cent of bottled beverage company Vinh Hao.