News

Vietnam Airlines launches Can Tho-Taiwan flights for Tet

Can Tho,Dec. 30 (VNA) - Vietnam Airlines launches Can Tho-Taiwan flights for Tet

New rice contracts to be signed in week after Tet

HCM City , Jan. 31 (VNA) — Many foreign partners have come to Mekong River Delta provinces to sign rice purchasing contracts after the Tet Holiday.

Shares surge after long holiday

Hanoi , Jan. 31 (VNA) — Shares surged on both of the nation''s stock exchanges on Jan. 30, the first day of trading following the long Tet (lunar new year) holiday, as Minister of Finance Vuong Dinh Hue ped in on the floor of the Hanoi Stock Exchange.

Petrol tariff rises from zero to 4 percent

HCM City. Dec. 30 (VNA) — The Ministry of Finance on Wednesday decided to hike import tariffs on petrol products from the current zero percent to 4 percent to ensure the interests of the State, enterprises and consumers.

Tet slows factory output

Hanoi, Jan. 31 (VNA) — The industrial output of Hanoi fell this month as enterprises scaled back operations for the Tet (lunar new year) holiday. The industrial production index in January was 86 percent of December 2011 level and 99 percent of the level in January of 2011, according to the Hanoi Statistics Office.

Local insurers must improve as foreign firms set up in VN

HCM City , Jan. 31 (VNA) – As Vietnam continues to open up its insurance market further, allowing foreign non-life insurance companies to set up branches in the country, domestic firms will have to improve their act to cope with stronger competition, industry insiders say. Phung Gia Loc, General Secretary of the Association of Vietnamese Insurers (AVI), said domestic non-life insurance companies will have to face more rivals with greater advantages this year.