Business

The World Bank announced Wednesday the debarment of three companies and one individual for sanctionable practices in projects financed by the bank in Vietnam and Indonesia.

The Ministry of Agriculture and Rural Development has set its sights on bringing 35,000 hectares under cocoa farming.

Vinashin and the Hoang Anh Gia Lai Group currently owe VND6.3 trillion to the Bank for Investment and Development of Vietnam.

OPEC holds a ministerial meeting to decide on oil production levels, with markets expecting the cartel to maintain its official quota.

The French Development Agency signed a EUR1 million grant agreement to support Vietnam in sustainable microfinance development.

Vietnam is expected to welcome the six millionth international visitor, marking a successful year for the country’s tourism, according to the National Administration of Tourism.

Companies are discouraged from paying employees in the form of products unless they have the agreement of their workforce.

Domestic tours are now more expensive than some foreign ones as local airfares have been increased by 20%.

Up to 47% of cosmetics sold in Hanoi are fake, according to a survey by Nielsen Vietnam and a taskforce on intellectual property.

Popular US restaurant brand names such as Pollo Tropica, Round Table Pizza, and Applebee's are eying franchise openings in Vietnam.

Vietnam has made little use of solar power development potential due to a lack of a detailed roadmap and incentive policies.

The Ministry of Planning and Investment proposed a moratorium on the establishment of new state-owned economic groups.

EU will prioritise boosting economic and trade relations with Vietnam, especially speeding up negotiations on its Free Trade Area.

Vietnamese tuna has been exported to 87 markets, said Vietnam Association of Seafood Export and Processing.

A court has ordered musician Ha Dung not to leave the country, due to his role in the bankrupted Indochina Airlines.

A survey by Yahoo showed that Vietnam tops Southeast Asian countries in spending on mobile Internet services.

Experts from the eurozone, the ECB and the IMF resume talks with Greece on a second lifeline accorded to debt-ravaged Athens.

International fast food chains are penetrating Vietnam, opening branches nationwide and dominating the market.

New regulations have been issued with an aim to keep a tighter control over the imports-exports and goods circulation, but caused big losses to businesses.