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Tag Archives: Vietnam

Vietnam store fined $22,500 for accepting dollars, yuan

A store in the northern town of Ha Long has been fined VND500 million (US$ 22,500) for accepting payment in US dollars and yuan, local media reported. On July 23, authorities inspected the Ngoi Nha Mo Uoc (Dream House) store on National Highway 18A and found prices of many products ...

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Bank of India enters Vietnam: report

Bank of India has opened its first branch in Vietnam with a capital of US$ 15 million, a move that is expected to help increase the countries’ trade activities, local media has reported. The branch, located in downtown Ho Chi Minh City, is the 61st overseas branch of the lender ...

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Vietnam Airlines sees 58 percent rise in H1 pretax profit

National carrier Vietnam Airlines has reported a pretax profit of nearly VND1.6 trillion in the first six months, up around 58 percent from a year ago, even as the competition with low-cost VietJet Air is intensifying. The airline had 9.65 million passengers in the first half, up 15.5 percent year-on-year, ...

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World Bank cuts Vietnam growth forecast to 6 percent

The World Bank has lowered its forecast for Vietnam’s economic growth in 2016 to 6 percent, down from its previous projection of 6.2 percent in April. In a statement released on Tuesday, Achim Fock, the World Bank’s acting country director in Vietnam, said despite softer growth this year, the country’s ...

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Thailand clearance sale puts Vietnam rice exports on hold

Vietnam has reduced its rice export target for the year since demand is falling as many buyers await cheap supply from Thailand’s stock clearance sale. The Vietnam Food Association (VFA) said it has reduced the export target from 6.5 million tons to 5.65 million tons, Tien Phong newspaper reported. The ...

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Canada wants to sell more cherries in Vietnam

The Canadian Embassy in Vietnam organized a cherry tasting event in Ho Chi Minh City on Saturday to celebrate the start of a new season and promote the fruits to local consumers. “In Vietnam, Canadian cherries enjoy an increasing popularity among consumers,” said Barbara Nadeau, commercial counsellor of Canada in ...

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