Nguyen Dinh Khang elected as new VGCL President Society

Nguyen Dinh Khang elected as new VGCL President

Nguyen Dinh Khang, a Party Central Committee member and Secretary of the Party Organization of the Vietnam General Confederation of Labour (VGCL), was elected President of the VGCL at the fourth meeting of the 12th-term VGCL Executive Committee convened in Hanoi on July 28-29.
80 percent of State-owned economic groups earn profits Business

80 percent of State-owned economic groups earn profits

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.
 Thai firm keen on 100 percent stake at LSP Business

Thai firm keen on 100 percent stake at LSP

Thailand’s SCG Group wants entire stake of the Vietnam Oil and Gas Group (PetroVietnam) to own 100 percent of the Long Son Petrochemicals (LSP) Complex in the southern province of Ba Ria-Vung Tau.
Consumer finance lures foreign firms Business

Consumer finance lures foreign firms

Consumer finance is proving to be an attractive sector with the number of foreign companies rising through mergers and acquisitions, the news site cafef.vn reported.
Da Nang leaders slammed for violations Politics

Da Nang leaders slammed for violations

Secretary of the Da Nang Party Committee and Chairman of the municipal People’s Council Nguyen Xuan Anh has been found to “hold the main responsibility” for multiple violations.
Deputy PM orders handling of loss-making projects Business

Deputy PM orders handling of loss-making projects

Deputy Prime Minister Vuong Dinh Hue has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.
Deputy PM hones in on unregistered firms Business

Deputy PM hones in on unregistered firms

Deputy PM Vuong Dinh Hue has requested ministries, departments and local authorities to hold responsible the state enterprises and business managers who violated the country’s information
Vinachem seeks delay in plant equitisation Business

Vinachem seeks delay in plant equitisation

The Vietnam National Chemical Group (Vinachem) has proposed to the Prime Minister to delay the equitisation of the losing Ninh Binh Nitrogenous Fertiliser Plant until it generates profits again in order to ensure effective restructuring.