Vietnam Business News

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• State Audit helps recover loss of VND14,768 billion
• Saudi Arabia strengthens cooperation with Audit of Vietnam
• Seminar discusses tourism development in central region
• Third rural industrial trade fair opens
• Japan eyes Vietnam’s infrastructure projects
• Vietnamese among most confident consumers in the world
• PetroVietnam offers efficient bio gasoline E5
• Piaggio group expands production in Vietnam
• Banks shower services and amenities on VIP clients
• Slow projects to lose funding

State Audit helps recover loss of VND14,768 billion Posted: 30 Jul 2010 07:07 AM PDT The State Audit Office in Hanoi on July 29 published the audit results for 2009 and officially proposed that the Government and the National Assembly introduce measures to recover an estimated loss of VND14,768 billion. It suggested that the Government instruct the Ministry of Finance and other related departments to achieve VND4,536 billion in financial revenue, [...]

Saudi Arabia strengthens cooperation with Audit of Vietnam Posted: 30 Jul 2010 07:07 AM PDT The General Auditor of Vietnam, Vuong Dinh Hue, and the President of Saudi Arabia's General Auditing Bureau (GAB), Osama Jafar Faqueeh, met in Hanoi on July 30 to review the achievements of their organizations and set out orientations for future development. This is within the framework of the 42nd meeting of the Governing Board of the [...]

Seminar discusses tourism development in central region Posted: 30 Jul 2010 07:06 AM PDT The Japan International Cooperation Agency and the Danang Municipal People's Committee co-sponsored a seminar on July 30 to discuss a strategy for developing tourism in the key economic zone of Central Vietnam. Participants included the Head of the Vietnam National Administration of Tourism, Nguyen Van Tuan, and representatives of local departments of culture, sports, and tourism. Located [...]

Third rural industrial trade fair opens Posted: 30 Jul 2010 07:06 AM PDT The third rural industrial goods trade fair of the central and central highland regions opened in Quy Nhon city, Binh Dinh province on July 30. Thousands of products from craft villages in 14 provinces and cities are being displayed in the fair's 400 booths. The fair honours rural industrial goods and the industrial achievements of the Department [...]

Japan eyes Vietnam’s infrastructure projects Posted: 30 Jul 2010 07:05 AM PDT Big Japanese groups are considering establishing a consortium to pour capital into Vietnam's infrastructure investment projects, says a Vietnamese counsellor to Japan. Counsellor Le Huu Quang Huy, who is also head of the Investment Promotion Office of the Vietnamese Embassy in Japan, made the statement during an exclusive interview granted a ToKyo-based VOV correspondent prior to [...]

Vietnamese among most confident consumers in the world Posted: 30 Jul 2010 07:04 AM PDT Vietnam's confidence index jumped to 119 points in the second quarter, making it the second most optimistic nation in the world, according to the latest edition of the Nielsen Global Consumer Confidence Survey. This is the highest score ever recorded in Vietnam since the first Nielsen's survey was carried out in the country in 2006. 61 percent [...]

PetroVietnam offers efficient bio gasoline E5 Posted: 30 Jul 2010 07:01 AM PDT Bio petrol, an environmentally friendly product, will be sold in five cities across the country, including Ho Chi Minh City, Hanoi, Vung Tau, Hai Phong and Hai Duong, starting from August. In an announcement made on July 29 in Ho Chi Minh City , the Vietnam National Oil and Gas Group (PetroVietnam) said that E5 bio [...]

Piaggio group expands production in Vietnam Posted: 30 Jul 2010 07:01 AM PDT The International Finance Corporation (IFC) has provided a 45 million EUR loan to help the Italy-based Piaggio Group to expand its production in Vietnam and India. With the funding, Piaggio — one of the world's leading manufacturers of scooters and motorbikes — is planning to raise the capacity of the plant in the Vietnamese province of [...]

Banks shower services and amenities on VIP clients Posted: 30 Jul 2010 07:00 AM PDT Special banking services packages are being offered by commercial banks to their 'first class' clients. Special services for VIPs A car stopped in front of the Dinh Tien Hoang Branch of Dong A Bank (DAB). A man got out of the car and showed a thin card. Immediately he was welcomed respectfully by bank's staff and whisked [...]

Slow projects to lose funding Posted: 30 Jul 2010 02:55 AM PDT Money will be withdrawn from dawdling infrastructure projects to avoid poor investment, warns Transport Minister Ho Nghia Dung. The minister also asked that capital for projects scheduled for completion in 2010 be given priority because of the difficulty in raising money. Plans for raising money could be changed to suit the situation but money would be withdrawn [...]

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