Business

Thai-invested joint venture to develop townhouses

Thailand’s second largest residential developer, Preuksa Real Estate (PS), is expected to sign a memorandum of understanding this week with the Vietnamese automobile producer Hoang Huy Group to set up a joint-venture to develop town houses in the northern port city of Hai Phong.
Decree sets stricter standards for banks Business

Decree sets stricter standards for banks

A new Government regulation will require all commercial banks to formulate and apply policies and procedures for 11 key operational areas, including credit and risk management.
Politics

Friendship fosters development of Russia-VN ties

The friendship and mutual trust between Russia and Vietnam that have stood the test of time serve as a firm foundation to build bilateral ties in trade, economic, investment, technological and military areas.
Business

Cambodian, Vietnamese airline begins operations

Vietnamese Deputy Prime Minister Truong Vinh Trong and the Cambodian Prime Minister Hun Sen cut the ribbon launching the new Cambodian national airline, Cambodia Angkor Air (CAA), a joint venture between Vietnam and Cambodia , at Pochentong international airport in Phnom Penh , on July 27.
Business

Soft drink factory inaugurated in Binh Duong

Kirin Acecook Vietnam soft drinks company Ltd. inaugurated a factory to produce soft drinks on July 16 in My Phuoc II industrial zone (IZ) in Ben Cat district of southern Binh Duong province.
Business

Seventh mobile network to debut soon

The Gtel Mobile Joint Stock Company (Gtel Mobile) announced that its network, Beeline, will become operational on July 20 with the prefix number of 0199.
Another oil refinery to get built Business

Another oil refinery to get built

The Vietnam National Oil and Gas Group, PetroVietnam, has unveiled plans to enter into a joint venture with foreign investors to start work on the country’s third oil refinery by September.
Business

Vietnam boosts cooperation and investment in Laos

Investment programmes and projects between Vietnam and Laos should be sped up to bring practical benefits to both countries, said participants at the plenary session of the National Assembly (NA) Committee for External Affairs in Ho Chi Minh City on July 9.
Business

PetroVietnam, PVEP sign oil production sharing contract

The Vietnam Oil and Gas Group (PetroVietnam) and the PetroVietnam Exploration and Production Corp. (PVEP) on June 25 signed a production sharing contract for Block 05.1(a) of the Dai Hung (Big Bear) oilfield, 265km offshore southern Ba Ria-Vung Tau province.