Movement of VN-Index on June 24. (Photo: Vietstock.vn)Stocks on Ho Chi Minh Stock Exchange declined on June 24 as selling demand took the upper hand.VN-Index, which tracks 241 companies and four mutual funds, dropped 1.15 points, or 0.22 percent, to finish at 511.67.Of the index, 109 shares gained, 90 fell, and 46 remained unchanged. More than 53.1 million shares changed hands at VND1.49 trillion.Though...

Qatar Airways has announced a massive expansion plan for its operations in Vietnam, saying it will add Hanoi to its network and make the Ho Chi Minh City route a daily service.A Qatar Airways statement, seen in HCM City Wednesday, said from November 1 this year, Hanoi will become the airline’s second network point in the country, with four weekly flights to Doha operating via Bangkok.The flights will...

Hanoi authorities have decided to spend 50 billion dong (over US$2.63 million) to build five giant gates at its five gateways. The second gate will be also built on 5000sq.m in Thanh Xuan commune, Soc Son District, featuring the barrel of Dong Son bronze drum. Hanoi’s vice chairman Phi Thai Binh on June 22 named five contractors to build the gates to celebrate the city’s upcoming 1000th birthday....

If VinaPhone and MobiFone overcome the ongoing test of the Ministry of Information and Communications (MoIC) for 3G service quality, they can withdraw 1.5 trillion dong ($789.5 million) in deposit money. Pham Hong Hai, chief of the MoIC’s Telecommunications Department, said that the ministry’s inspectors have finalized their inspection of 3G service quality offered by VinaPhone and MobiFone, two...

Well-informed circles these days are whispering in each others’ ears that a bank chief executive officer (CEO) has been asked to work for another bank with the salary of 1.2 million dollar a year. Rumor has it that there are two or three CEOs who now can earn some one million dollar a year. According to VnExpress newspaper, a deputy chairman of a Hanoi-based joint stock bank in Hanoi has confirmed...

The Son La Power Plant is scheduled to start operations at the end of this yearVietnam Development Bank, the state-owned lender that provides capital for public projects, on Thursday signed an agreement to lend VND5.3 trillion (US$280 million) to several major power projects.The bank said the loan will help Electricity of Vietnam, also known as EVN, speed up its power projects, adding another 2,000...

Soccer fans celebrate after Germany won the 2010 World Cup Group D match between Germany and Ghana at the 'Fanmeile' public viewing area in Berlin, June 23, 2010. The organisers expect two hundred thousand of spectators in the German capitalEngland and Germany squeezed into the second round of the World Cup on Wednesday together with the United States but Australia went out despite a victory that...

Vietnam's first-half trade deficit is expected to more than triple from the same period last year to $6.7 billion, the General Statistics Office has said.Imports would be an estimated $38.8 billion and exports, $32.1 billion, it said.The corresponding figures for last year were 29.7 billion and 27.6 billion.Vietnam’s main export items in June are textile and garment, footwear, crude oil, and seafood,...