Business

Emerging East Asia bond market growth steady amid global slowdown

Emerging East Asia’s local currency bond market posted steady growth during the third quarter of 2019 despite persistent trade uncertainties and a global economic downturn, according to the latest issue of the Asian Development Bank’s Asia Bond Monitor.

Expert suggests four ways to help transform Ho Chi Minh City into a financial hub

With key financial reforms, Ho Chi Minh City could follow Tokyo, Shanghai, Mumbai, according to Donald Lambert, Principal Private Sector Development Specialist at the Asian Development Bank's Southeast Asia Department.

Foreign investors allowed 34 per cent holding at Vietnamese airlines

The limit for foreign investors’ ownership in Vietnamese air transport businesses will be increased to 34 per cent from the current 30 per cent, according to a Prime Minister’s decree signed last week.

78 percent of enterprises satisfied with tax administrative reform

About 78 percent of surveyed enterprises showed their satisfaction with tax administrative reforms in 2019, up 3 percent compared to 2016.

Rice exports set to reach 6.5 million tonnes during 2019

Vietnam's rice exports are projected to hit approximately 6.5 million tonnes for the whole year, according to the Vietnam Food Association.

Household businesses to be regulated: NA deputies

A number of National Assembly (NA) deputies agreed household businesses should be subject to the amended Law on Enterprises yesterday.

US enterprises encouraged to engage in energy sector

Deputy PM Dung praised Gen X Energy for developing an over U$ 6 billion liquefied natural gas (LNG) project in Viet Nam.

NA considers exemptions for foreigners in coastal economic zones

The National Assembly (NA) considered a proposal on visa exemptions for foreigners entering “coastal economic zones that are separate from external territories” at its on-going meeting on the morning of November 14.

EVN oil-fired power may reach record high

The Electricity Group of Vietnam has forecasted that its oil-fired power would reach 2.57 billion kWh by late this year, a 65-year record high.

National Assembly approves budget targets for 2020

The National Assembly on Thursday passed a central state budget allocation resolution for next year, including a budget expenditure of around VND1.1 quadrillion (USD47.8 billion).

Nearly 1,500 fake bags with famous brands seized in Hanoi

Around 1,500 counterfeit bags and wallets bearing international famous brands have been detected at a shop in Hanoi.

USAID helps Vietnam prevent illegal transshipment

The United States Agency for International Development in Vietnam, together with the Ministry of Finance and the Ministry of Trade and Industry convened a workshop on international best practices to prevent origin fraud.

Vietnam leads Southeast Asia in salary growth

Vietnam leads Southeast Asia in terms of salary growth with a 5.1 percent increase expected in 2020, according to a report by ECA International.

Fashion brand closes following fake label accusations

Popular women clothing brand Seven.AM has closed its stores in Hanoi after authorities seized thousands of products for investigations into their allegedly replacing made-in-China labels with Vietnamese alternatives.

Vietnam Airlines set to add 230,000 extra seats for Tet holiday

The national flag carrier Vietnam Airlines announced on November 12 that it will be putting on an additional 190,000 seats on domestic routes in order to meet the increasing travel demand during the Lunar New Year (Tet) period from

Vietnamese rice crowned world’s best title

Vietnam’s ST24 rice variety was recognised as the World's Best Rice this year.

Vietnam learns from Sweden’s experience in developing low carbon circular economy

Sweden’s experiences in developing a low carbon circular economy were shared with the Vietnamese side during a seminar jointly held by the Swedish Embassy in Vietnam and the Vietnamese Ministry of Natural Resources and Environment.

International pepper conference opens in Ba Ria-Vung Tau

The International Pepper Conference 2019 opened in Vung Tau city, the southern province of Ba Ria-Vung Tau, on November 12, drawing 400 delegates from Vietnam and 25 other member countries of the International Pepper Community.

Coffee farmers search for solutions to reach customers

Coffee farmers in Gia Lai Province are taking on processing their own produce to earn more money as crops decline.

Vietnam GDP growth target 6.8% next year

The National Assembly are targeting a gross domestic product growth for 2020 of 6.8%, according to the government’s draft resolution on the nation’s socio-economic development plan.

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