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Vietnam’s new passports follow international standards and will still be issued despite visa denial by three European countries, the immigration department said. A representative of the Immigration Department under the Ministry of Public Security said Tuesday there were “no problems” regarding the new passport, so issuance would still commence as …

Shipping companies have had one of their best quarters in years with most reporting double-digit growth thanks to high rates. Vinalines, the country’s biggest shipper, saw a near doubling of its profits year-on-year to VND1.43 trillion (US$61.19 million) in the second quarter. Private player Gemadept reported an 87 percent increase …

State-owned Agribank has become the third most profitable lender in the country after its first half profits rose by 60 percent to VND15.08 trillion (US$642.3 million). It trailed only another state-owned lender, Vietcombank, and VPBank. Agribank’s profits were driven by a 45-percent year-on-year increase in debt collection to VND6.2 trillion, …