Business

Singapore's economy, a closely watched barometer for the rest of Asia's export-driven countries, grew just 0.7 percent last year as the US-China trade war hammered global markets.

The agricultural sector has widely implemented value chains in production, consumption, market development, and established major production zones, creating a favorable environment for cooperation businesses to become the driver of the agricultural sector.

On December 31, many peach flower blossoms had been put on display at Hanoi's Quang An Market.

Forbes Vietnam has announced a list of the 100 largest public firms in the country for the first time.

The number of new firms established in 2019 set a new record of 138,100 with registered capital per enterprise averaged VND12.5 billion, the highest figure recorded over the recent years, according to the General Statistics Office.

The Ministry of Investment and Planning has submitted the Vinpearl Air Project for the prime ministerial assessment and approval.

BSA - The Software Alliance has reported that Vietnamese authorities are successfully cracking down on corporations using illegal software in the country.

Local authorities in the central province of Thua Thien - Hue yesterday kicked off work on a second terminal at Phu Bai International Airport in Huong Thuy Town.

Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on December 28 to hand over 15 Vietnamese branded buses for export to the Philippines.

Former minister of information and communications Nguyễn Bắc Son was sentenced to life imprisonment on Saturday morning in connection with the notorious AVG deal, a lighter punishment than the death penalty proposed for him previously.

Prime Minister Nguyen Xuan Phuc asked the industry and trade sector to strive for an export turnover of 300 billion USD next year during a conference held in Hanoi on December 27.

Vietnam continued to gain impressive result in 2019 with GDP growth rate of 7.02%, beyond the target of 6.6-6.8% set by the National Assembly, the General Statistics Office released.

Vietnamese investors poured US$508.14 million worth of investment in foreign countries around the world in 2019, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Remittances sent home by Vietnamese expatriates in 2019 were estimated at US$16.7 billion, revealed a Vietnamese official, citing World Bank data.

The Ministry of Agriculture and Rural Development met with southern bird nest companies to discuss measures to develop bird nest farming industry in the area.

Lotte Vietnam will shut down its e-commerce site lotte.vn in an effort to restructure its operations according to the company.

Total inflows of foreign direct investment into Vietnam amounted to US$38.02 billion this year to December 20, a 10-year high, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Deputy Prime Minister Vuong Dinh Hue said that the economic growth in 2019 is certain to exceed 7 percent, which is much higher than the inflation rate of around 2.7 - 2.8 percent.

A foreign-invested firm in HCM City has announced to offer New Year bonuses of up to VND3.5 billion (USD152,173) per person.