Business

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.

The US remained Vietnam’s top seafood market in January although it has raised a number of trade barriers against the country’s exports, according to the Ministry of Agriculture and Rural Development.

On 2 Feb, Vingroup issued an official document reporting on the publicity of false information about Vingroup.

Enterprises claim lowering the lending interest rate can help the economy, but banks have stated that this would be a difficult task.

The Vietnam Gold Business Association has urged the State Bank of Vietnam to abolish the export tax on jewellery which is at 10 per cent now.

The days near the Tet Festival are an opportunity for commercial centres, supermarkets, and shops in HCM City to take advantage of business opportunities and increase revenue.

Vice chairman of Vietnam Contractors Association, Nguyen Quoc Hiep, gave an interview on improving the relationship between investors and contractors.

The SBV has urged commercial banks to ensure enough cash supply at their ATMs to meet the increasing demand over Tet.

Despite higher overseas remittances, less capital has been pumped into the domestic market but more has been spent on foreign houses.