National flag carrier Vietnam Airlines has announced it will increase airfares on domestic flights from January 1, 2010. Airfares of economy class will be raised by between VND14,000 (76 U.S. cents) and VND81,000 ($4.4) as Vietnam Airlines imposes the value added tax of 10 percent instead of five percent as present. As a result, a number of travel firms have also announced to raise their tour fees... 

Vietnam’s central bank should re-introduce a rule that would require businesses to sell most of their dollars to banks as part of policies to stabilize the currency market, a government adviser wrote in a report. The central bank should not devalue the Vietnamese dong to support exports, but rather introduce supportive lending and trade promotion, wrote Tran Hoang Ngan, a member of the National... 

HCMC – Hoang Anh Gia Lai (HAGL) Group on Tuesday broke ground for Ba Thuoc hydropower plants 1 and 2 in the northern province of Thanh Hoa, with a total cost of VND2.4 trillion, or almost US$130 million. HAGL chairman Doan Nguyen Duc told the ground-breaking ceremony that the Bank for Investment and Development of Vietnam (BIDV) would arrange capital and loans equivalent to 60% of the investment...