Vietnam International Bank (VIB) will submit to the general shareholders meeting (GSM) a plan to use part of its after-tax profits to add to the bank’s core capital.

The number of people using smartphones, among mobile phone users, accounts for 84 per cent in 2017, compared to 78 per cent a year ago.

Agriculture is a key field of co-operation between India and Việt Nam, especially the Mekong Delta region – the largest granary in the country, said an official.

Việt Nam and Italy should promote investment and cooperation in tourism and aviation, Prime Minister Nguyễn Xuân Phúc said at a meeting with Italian Deputy Minister of Economic Development Ivan Scalfarotto in Hà Nội yesterday.

Car maker Trường Hải Automobile company (Thaco) has opened a new bus plant in the Chu Lai-Trường Hải Industrial Complex in Quảng Nam Province. It will make 20,000 buses and minibuses a year from 2018, mostly for export to ASEAN countries.

Italy wants to boost its investment in Việt Nam, focusing on providing more advanced technology equipment at competitive prices, while also supporting the country’s sustainable development with infrastructure and renewable energy projects, said Ivan Scalfarotto, Italian deputy minister of economic development.

The export turnover of Vietnamese timber and timber products is estimated to hit US$8 billion this year, 10 per cent higher than the target, according to the Ministry of Agriculture and Rural Development.

Construction of a wind power plant worth nearly VNĐ1.5 trillion (US$66 million) began in the southern province of Bến Tre’s Bình Đại District on Tuesday. Once operational, the plant – the first of its kind in the province – will produce about 84 million kWh each year.

Taxi operator Mai Linh Group has revealed a draft merger plan for its two subsidiaries, Mai Linh Central Joint Stock Company and Mai Linh Northern Joint Stock Company, in an effort to streamline its cumbersome operation.