Business

Vietnamese airlines roll out new international flights

Vietnamese airlines roll out new international flights

Vietnamese airlines have drawn up plans to expand their international presence to serve the increasing demands of both domestic and foreign passengers.

Vietnam struggles to deal with loss-making megaprojects

Ngo Tri Long, former head of the Institute for Market and Price Research blamed both Chinese contractors and Vietnamese investors for 12 failing major projects.

 >>  Ministry of Industry and Trade facing 12 loss-making projects
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More officials arrested for violations at DongA Bank

Former Deputy Director of DongA Joint Stock Commercial Bank, Nguyen Thi Kim Xuyen, and several other officials of the bank have just been arrested according to the Ministry of Public Security.

 >>  DongA Bank former CEO arrested for mismanagement
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Islanders abandon lobster farming

Seafood farmers in Ly Son Island, Quang Ngai Province, have suffered billions of dong in losses after their lobsters died and prices dropped.

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Banks to be more demanding in selecting customers

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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Foreign capital eyeing Vietnamese fintech

Foreign investment funds have expressed renewed interested in Vietnamese financial technology startups, despite a series of challenging setbacks that occurred in previous e-commerce deals.

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An ASEAN market seminar “Capturing business opportunities in Vietnam’s third largest city: Haiphong” took place in Singapore on April 20, attracting more than 80 participants, mostly Singaporean businesses coming from diverse industries.

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Vietnam leads Asia for growth in convenience store

Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, according to new data released by international grocery research organisation the Institute of Grocery Distribution.

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With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers.

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State-owned groups and enterprises have brought back VNĐ6.84 trillion (US$301 million) to the State coffer during their divestment process in 2016, according to the Finance Ministry.

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Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Prime Minister Nguyen Xuan Phuc and the State Bank of Vietnam (SBV) had called for the rate cuts, before the PM took part in a dialogue with enterprises in HCM City on April 29.

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The Ministry of Finance has refused a local company’s proposal to provide tax incentives on the import of 20,000 electric taxis from French car-maker Renault.

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Vietnam's public debt may quickly exceed the ceiling set at 65% of GDP, which will result in the national economy's budget risks, warned a World Bank economist.

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