Business

Many Vietnamese firms have suffered an anti-dumping tax of up to USD 3.87 per kilo on the catfish by the US Department of Commerce.

Ho Chi Minh City has reported a spike in electricity usage due to hot weather.

Foreign direct investment (FDI) in Vietnam witnessed a significant yearly increase of 81 percent to 14.59 billion USD in the first four months of the year, according to the Foreign Investment Agency (FIA) under Ministry of Planning and Investment.

Vietnam’s economy had a successful 2018 but growth may slow this year as the country tries to curb inflation.

Northern Hai Phong city has been viewed as a “hot” location for industrial investment over recent years after attracting a large amount of FDI.

Vietnam’s growth is projected to moderate to 6.6% in 2019, driven by credit tightening, slower private consumption, and weaker external demand, said the World Bank.

Several commercial banks in Vietnam have reported big profits in the first quarter of this year.

Hanoi’s Noi Bai International Airport will be expanded and has its capacity raised to 80 million passengers per year by 2050.

The number of tourists to Co To Island in the northern province of Quang Ninh has drastically decreased following higher ferry costs.

As many as 3,900 Vietnamese workers will be recruited to work in the Republic of Korea (RoK) in 2019 according to the Employment Permit System (EPS) programme, the Ministry of Labour, Invalids and Social Affairs (MOLISA) has announced.

Salmon farmers in Sapa, Lao Cai Province, are facing big losses as the fish are dying en mass due to hot weather.

The Ministry of Transport has approved a project on upgrading Ha Noi-Ho Chi Minh City railway system with the total investment capital of VND1,950 billion.

The ASEAN economic ministers on April 23 signed the ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA) in Phuket, Thailand.

Binh Dinh Province authorities have approved a new project for an entertainment and tourism site after the previous investor abandoned the old project.

The export value of forestry products increased by 17.8% year on year to take in US$3.278 billion in the first four months of 2019, according to recent statistics from the Vietnam Administration of Forestry.

The Vietnam Beer Alcohol and Beverage Association has recommended abolishing the regulation that star-ranked hotels and tourist sites have to be licensed for selling alcohol products.

The digital economy has been key to the development of Vietnam's startup community.

The Ministry of Culture, Sports and Tourism intends to investigate the Masan Group's use of a model of President Ho Chi Minh Mausoleum at a supermarket in Hanoi to promote chilli sauce.

Travel companies have reported high demand for tours, particularly overseas trips, during the coming Reunification Day and Labour Day holiday which lasts for up to five days.