Business

The Vietnam International Fashion Fair (VIFF) 2019 officially opened at Hanoi's Vietnam-Soviet Friendship Labour Cultural Palace in Hanoi on December 11.

A friendly visa policy is among major reasons to help boost the Vietnamese tourism development, said Kenneth Atkinson, vice president of Tourism Advisory Board.

The Asian Development Bank has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China and India is weighed down by both external and domestic factors.

Deputy Prime Minister Trinh Dinh Dung has approved of the plan to build the USD43m Lao Cai and Vinpearl Quang Nam golf courses.

The Vietnam Coffee and Cocoa Association and the Central Highland province of Gia Lai’s People's Committee co-hosted the opening ceremony of the third Vietnam Coffee Day on December 9.

While growth in most regions has slowed down, Vietnam’s economy is recovering strongly with GDP expanding by an average 6.84% during the 2016-2020 period, beating the set target and marking the highest figure in the past three five-year periods.

Although Việt Nam has made strides in enhancing the business environment and competitiveness capacity, there’s still room for improvement, heard participants at a meeting held in Hà Nội on Friday.

A VND10.99-trillion (USD478 million) project to build Terminal 3 at Tan Son Nhat International Airport in HCM City has been submitted to Prime Minister Nguyen Xuan Phuc for consideration.

Some sort of breakthrough is desperately needed to bolster the contribution of local enterprises in auto support industries.

Vietnam’s top e-commerce shopping event, Online Friday 2019, has been launched, promising huge deals and hundreds of genuine products.

Bamboo Airways will receive its first wide-body Boeing 787-9 Dreamliner at Noi Bai International Airport in December, the first of many such aircraft to join its fleet at the end of 2019 and early 2020.

Airlines have added more seats and air tickets prices are increasing as the Tet holiday approaches.

Officials in Hanoi have proposed to increase the number of international air routes to the capital to attract more tourists.

Vingroup has announced that its retail and agriculture units, VinCommerce and VinEco, will be merged with Masan Consumer, a subsidiary of Masan Group, to create a new retail and consumer goods company, purportedly the largest in Vietnam.

Deputy Minister of Industry and Trade Do Thang Hai has warned localities of illegal pig and pork imports from Cambodia and Thailand.

Vietnam’s startup ecosystem could develop strongly over the next five years with venture capital and government assistance, Eddie Thái, general partner of the venture capital firm 500 Startups Vietnam, said at a Startup Viet Summit.

Vietnamese businesses invested US$458.8 million in 31 foreign markets in the first 11 months of 2019, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

The budget carrier Vietjet Air on December 2 announced a new route linking Ho Chi Minh City with Thailand’s Pattaya city via U-Tapao airport.

Vietnamese businesses invested 458.8 million USD in 31 foreign markets in the first 11 months of 2019, reported the Foreign Investment Agency under the Ministry of Planning and Investment.