Business

Cyber crime threatens losses of $1.7 trillion in Asia Pacific

Potential economic loss across Asia Pacific due to cybersecurity incidents can hit a staggering US$1.745 trillion, or over 7 per cent of the region’s total GDP, according to a new study titled “Understanding the Cybersecurity Threat Landscape in Asia

Retail and consumer services rise 11.3% in first nine months

The total value of retail sales and consumer services was estimated at VND3,235 trillion (roughly US$138.2 billion) in the first nine months of 2018, a year-on-year increase of 11.3%, according to the General Statistics Office.

Vietnam car brand debuts at Paris Motor Show

Vietnamese new car-maker VinFast has prepared the introduction of its two models at Paris Motor Show scheduled to be held on October 2.

Environmental fuel tax rise may be delayed

The Ministry of Industry and Trade proposed rescheduling the environmental protection tax rise on fuels to a more suitable time as concerns over inflation increase.

Committee for State Capital Management makes debut

The Committee for Management of State Capital (CMSC) has just made its debut on September 30.

Hanoi metro line trains to cost USD128m

The ten trains for the Nhon-Hanoi Station metro line will cost around USD128m.

CPI grows 3.57 pct in nine months, inflation target achievable: GSO

The average consumer price index (CPI) in the nine months of 2018 rose by 3.57 percent year on year, compared to the 4.14-percent growth in the same period last year, according to the General Statistics Office (GSO).

Vietnam expected to achieve 2018 GDP target

Vietnam is expected to obtain GDP growth of 6.7% this year, according to General Statistics Office of Vietnam.

Efforts pledged to remove EC’s "yellow card" on Vietnamese seafood

Enterprises and management agencies have committed to jointly undertake urgent activities to build a responsible and sustainable fishery sector.

Hanoi reveals real estate projects used as collateral

Hanoi's Department of Natural Resources and Environment has made public the names of 92 real estate projects that have been used as collateral.

Van Don International Airport to open in December

The Van Don International Airport in the northeastern province of Quang Ninh is in the final stages of construction as it is scheduled to open in December this year.

Customs intercept smuggled new iPhones

Customs officers in HCM City have seized 250 iPhone XS and XS Max illegally brought to Vietnam.

ADB cites international trade friction concerns over Vietnam growth

Vietnam’s economy continued to perform strongly in the first half of 2018, although external and domestic challenges could affect the country’s growth outlook for this year and next, a report by the ADB said.

Gia Lai pepper production failure

Farmers in Gia Lai Province are incurring huge losses, up to VND4trn (USD172m), as their pepper trees keep dying.

Phú Quốc aims to become special economic zone

The Phú Quốc administration seeks to make the island a special economic zone, a local official said.

Vietnam’s GDP predicted to grow by 6.7% in 2018

The Vietnamese economy is expected to expand by 6.7% in 2018, according to an estimate by the Ministry of Planning and Investment (MPI).

European travel firms to survey Hanoi

A delegation of 25 European travel firms will conduct a fact-finding tour of Hanoi’s tourist attractions from early next month.

PM highlights importance of Lien Chieu seaport construction

Prime Minister Nguyen Xuan Phuc held a working session with leaders of central Da Nang city on September 24 to discuss the construction of Lien Chieu seaport, noting that it is a well-scheduled and orderly project.

Freight forwarding market to reach USD77bn by 2022

Increasing the number of channel points, strengthening infrastructure connections, improving service quality, and promoting railways for freight transportation will have a positive impact on Vietnam’s freight forwarding industry.

Vietnam raises wind power price to encourage development

The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.

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