HCM City remittances reach $2.4b ahead of peak season
Overseas remittances to HCM City in the first seven months reached US$2.42 billion, representing a year-on-year increase of 5.2 per cent.
Shoe, leather firms encouraged to be more competitive
Exports of the country's leather and footwear sector have long depended upon foreign direct investment (FDI) businesses, as 77 per cent of the total export value came from foreign enterprises.
Gold loans fall as prices dip
Gold loans at 10 commercial banks in HCM City stood at 157,317 taels by the end of June, representing an 11 per cent decrease over last June.
PM: reforms needed for growth
Staff at the Hai Phong City Customs Department use an automated systemcalled VNACCS/VCIS. The Government urged localities to speed up administrative reforms by eliminating bureaucratic procedures related to taxes, customs and land.— VNA/VNS Photo Hoang Hung
Vietnam Airlines sees $1.3b revenue
The Vietnam Airlines Corporation gained total revenue of nearly VND28 trillion (US$1.32 billion) for the first half of this year, a report by the corporation released yesterday said.
Wood export value rises, but so do costs
Viet Nam gained a year-on-year increase of 13.4 per cent in the value of exported wood and wooden products.
City urges industrial zones to improve
HCM City authorities have exhorted industrial parks and export processing zones to further develop their infrastructure to attract more investment.
FDI tourism zone licenses revoked
The central province of Phu Yen has revoked licenses of two foreign direct investment (FDI) tourism projects worth US$50 million for delays in implementation.
FPT to create rail e-ticket system
Vietnam Railways (VNR) and the Corporation for Financing and Promoting Technology Corporation (FPT) signed a contract for an electronic booking system for VNR in Ha Noi yesterday.
Fewer firms established than last year
Nearly 42,400 enterprises were established in the country in the first seven months of the year, down 7 per cent in the number of new businesses as compared to 2013.
Investors cautious on both bourses
Shares managed to rebound yesterday on low liquidity as investors feared a bulltrap in the afternoon session.
VAMC looks to find foreign buyers for bad debts
VAMC looks to find foreign buyers for bad debts

Thanks to concerted efforts by the Viet Nam Asset Management Company (VAMC) and commercial banks, the former has so far bought around VND50 trillion (US$2.4 billion) worth of bad debts and plans to increase that to VND70-100 trillion by year-end.

New decree streamlines bidding
New decree streamlines bidding

The recently issued Decree 63/2014/ND-CP, which has details of the Law on Bidding, is expected to ensure transparency and efficiency, and help avoid any overlap during the bidding process.


PM meets acclaimed local mathematician PM meets acclaimed local mathematician

Prime Minister Nguyen Tan Dung yesterday met Professor Ngo Bao Chau, the first Vietnamese to win the Fields Medal, the highest professional honour a mathematician can attain, and the Education Dialogue Group.

Scholars discuss East Sea dispute at int'l conference Scholars discuss East Sea dispute at int'l conference

The East Sea dispute will continue in the near future and urgent solutions should be found to manage the conflict and resolve it without force or the threat to use force and protect the rights of fishermen in traditional fishing grounds, an international conference that opened in HCM City yesterday agreed.

Police look into scam claims at pagoda Police look into scam claims at pagoda

Police are investigating rumors that a pagoda in Long Bien District is selling children for adoption.

A Vietnamese and a Chinese arrested for ivory smuggling A Vietnamese and a Chinese arrested for ivory smuggling

Customs officials have arrested a Chinese woman and a Vietnamese man at Suvarnabhumi Airport after they allegedly tried to smuggle out elephant tusks and ivory products worth about BAT9 million.

Places for a vacation: Son Doong Cave Places for a vacation: Son Doong Cave

Son Doong Cave in Viet Nam's Quang Binh Province has been suggested by the American news website huffingtonpost.com as one of the places to visit in 20 years.