Business

Logistics key for aviation sector

Logistics key for aviation sector

Vietnam’s aviation sector must use advanced technologies such as e-commerce for its management, operations and business as it is a trend in global aviation transport, experts said in HCM City.

 Industry 4.0 a threat to textiles sector

The fourth industrial revolution (Industry 4.0) will present a challenge for Vietnam’s textiles and garment sector within the next five years, according to Mr. Le Tien Truong, CEO of the Vietnam National Textile and Garment Group.

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Vietnam seeks to export pork to China amid sharp price fall

The Vietnamese Ministry of Agriculture and Rural Development (MARD) has sent its representatives to China to seek outlets for local pork amid the product’s considerable price decline.

 >>  Vietnam struggles to find pork, poultry export markets
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The chief of Qatar Airways on Monday accused American carriers complaining over alleged subsidies to Gulf airlines of "bullying", as he announced new US routes in defiance of mounting airport restrictions.

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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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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.

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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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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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