Business

Firms advised to better product quality to boost exports to EU

Vietnamese enterprises should improve the quality of their products and meet all the requirements of the European Union to enjoy tariff-related advantages and increase exports to the region, once the recently-signed EU-Vietnam Free Trade Agreement (EVFTA) becomes effective.

Over 79,000 new firms established in first seven months

There have been a total of 79,300 new enterprises established across the country in the first seven months of this year with a registered capital of over VND999 trillion, an increase of 4.6% in the number of enterprise and

Hong Kong the largest source of foreign investment in Vietnam in first 7 months of 2019

Hong Kong retained its crown as Vietnam’s leading source of foreign direct investment in the first seven months of this year, pouring US$5.44 billion in the Southeast Asia country, the Ministry of Planning and Investment said.

Vietnam among countries where international flows exceeds expectations

Cambodia, Malaysia, Singapore and Viet Nam are countries where international flows exceeds expectations, according to the DHL Global Connectedness Index 2018.

Investors blame cumbersome procedures for lack of developments

Real estate investors have complained cumbersome administrative procedures have affected them.

CPI slightly increases in July

Vietnam’s consumer price index (CPI) in July rose by 0.18 percent month-on-month, and 2.44 percent from the same period last year, according to the General Statistics Office.

Vietjet Air opens new air routes at Phu Quoc Airport

Vietjet Air has announced that it plans to launch new air routes to and from Phu Quoc Airport to help call for more investments to Kien Giang Province.

Techcombank posts record first half profit before tax of VND5.7 trn

Techcombank further cements its position as a leading bank in Vietnam in reporting profit before tax of VND5.7 trillion and revenue of VND9.1 trillion for the first half of 2019, 32%1 and 19%2 increase from the same period last

Unknown origin milk, beer confiscated in Phu Yen

Authorities in the southern central province of Phu Yen have confiscated thousands of beer and fresh milk bottles and milk power boxes of unknown origin.

FDI looking bright into future

The bump in FDI during the first six months of the year is expected to continue as a number of factors take hold.

Lobster prices drop following tightened Chinese border trade

Lobster prices in the southern central province of Khanh Hoa have sharply declined following China’s move to tighten border trade.

Steel industry forecast to maintain stable growth

Vietnam’s steel production and consumption in the first half of 2019 recorded respective increases of 7.7 percent and 9.8 percent year-on-year, according to the Vietnam Steel Association.

Supporting industry policies yet to deliver desired outcomes

A large number of policies to bolster the development of the domestic supporting industry have been issued, but they have still fallen short of expectations of local firms.

500 Startups Vietnam to invest in 100 businesses by 2020

500 Startups Vietnam, a member of the US venture capital firm 500 Startups, targets investing in up to 100 Vietnam-connected startups by 2020 under its Saola Accelerator programme.

South Korean province opens tourism promotion office in Hanoi

Gyeongsangbuk-do, South Korea’s largest province, has launched its tourism promotion office in Hanoi.

Vietnamese shipping fleet ranked 30th in the world

Vietnam’s shipping fleet with more than 1,500vessels and a total capacity of 7.8 million DWT is ranked fourth in ASEAN and 30th in the world, according to the United Nations Conference on Trade and Development (UNCTAD).

Samsung to launch foldable smartphone in September

South Korean electronics giant Samsung announced Thursday it will release its cutting-edge foldable smartphone in September, despite a trade dispute between Seoul and Tokyo which analysts say will affect delivery.

Vietnam Airlines to apply piece concept for baggage allowances

National flag carrier Vietnam Airlines will apply the piece concept for baggage allowances on all domestic and international flights from August 1, replacing the current weight concept.

Vietstar Airlines receives operation permit

The Civil Aviation Authority of Vietnam has officially given an Air Operator Certificate to Vietstar Airlines for the operation of commercial jets in Vietnam.

Vietnam among top FDI recipients in ASEAN in 2016-2017

Foreign direct investment flows to ASEAN rose to all-time high of US$137 billion in 2017 from US$123 billion in 2016, according to ASEAN Investment Report 2018.

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