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The national aviation authority is seeking approval to upgrade Cam Ranh Airport in central Vietnam at a cost of VND24.3 trillion (US$1.02 billion). The proposal submitted by the Civil Aviation Authority of Vietnam expects the upgrade to quadruple the airport’s capacity to 25 million passengers a year by 2030. In …

National Assembly delegates differed over a proposal to hand lighter penalties to corrupt officials turning in their ill-gotten assets. Le Minh Tri, head of the Supreme People’s Procuracy, had recently mooted the proposal saying corrupt officials should be given a chance to atone while public assets are also recovered. Trinh …

Real estate giant Vinhomes transferred its 99.88 percent stake in Vinpearl Landmark 81 company to tourism company Vinpearl. It had set up Vinpearl Landmark 81 in February with a charter capital of VND1.6 trillion ($68.5 million), and its main businesses included ecotourism and leasing villas, hotels and condotels. Both Vinhomes …