Business

Vietnam attracted US$18.47 billion in foreign direct investment in the first half of 2019, down 9.2% compared with the same period last year, according to the Foreign Investment Agency.

The central city of Danang has seen an oversupply of rooms, particularly hotels of from one to three stars.

The European Council announced on June 25 that it has approved the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA), and assigned the EU to sign the deals with Vietnam

Vietnamese electronic firm, Asanzo, will be investigated after being accused of importing Chinese products resold as made-in-Vietnam products.

Vietnam Silicon Valley Accelerator (VSVA) continues to invest in startups this year, with capital of $40,000, double that in 2018, through the “VSV Bootcamp Program Batch 7”.

A memorandum of understanding (MoU) to promote relations between Vietnamese localities with UK partners, towards strengthening trade and investment cooperation between the two countries was signed in London on June 24.

Vietnam has continued spending billions of US dollars on importing auto spare parts as the local car industry failed to achieve it's localisation targets.

Vietnam's rice export industry is trying to find new customers as exports to China, the country’s biggest customer, dropped.

Bamboo Airways will start building an aviation academy this year to improve its human resource management.

The Vinh Tan 2 solar power plant in Tuy Phong district in the south central province of Binh Thuan officially began generating electricity for commercial purposes on June 22.

Deputy Minister of Industry and Trade Tran Quoc Khanh attended a special ASEAN Economic Ministers' Meeting on the Regional Comprehensive Economic Partnership (RCEP) in Bangkok on June 22.

West Asia offers Vietnamese businesses a huge export opportunity, experts told a conference in HCM City yesterday.

Vietnam Electricity Group recorded VND6.817 trillion (USD293.13 million) in post-tax profits last year, a slight rise of 3.4% on-year.

The Ministry of Transport has agreed to a Bamboo Airways' proposal to increase its fleet to 30 aircraft by 2023.

Prime Minister of the Republic of Korea Lee Nak Yon emphasized that his country spoke highly of Viet Nam’s role in ASEAN and the United Nations Security Council at his reception for Vietnamese Deputy Prime Minister Vuong Dinh Hue

Vietnamese airlines such as Vietjet Air, Vietnam Airlines and Jetstar Pacific claim they provide much lower cancellations and delays than the global average rate.

Grab’s acquisition of Uber in Vietnam did not violate the country's competition law, the Vietnam Competition Council (VCC) has said.

A real estate investor in HCM City has complained that time-consuming administrative procedures have prevented them from getting a project done properly.

Experts pointed out that the lack of connection between tiny-scale farms is posing a challenge for the shrimp exporting industry.