Business

Prime Minister Nguyen Xuan Phuc has called for the enhanced economic relations between Viet Nam and Japan, while expressing his wish that Japan will continue to provide official development assistane (ODA) for Viet Nam.

Police in Da Lat City in the Central Highlands province of Lam Dong have found Chinese potatoes repackaged as Da Lat farm produce.

Homestay services have been booming in some tourist destinations in Vietnam, pushing up local land prices.

Foreign direct investment (FDI) in Vietnam is mostly focused on mining and labour-intensive industries.

PM Nguyen Xuan Phuc supposed that the southern province of Tay Ninh will become a centre for high-quality agricultural processing and production in the country at a working session with Tay Ninh Province’s authorities on August 21.

Vietnam has been advised to carefully consider whether to borrow official development assistance (ODA) loans in the future.

The People's Committee of Binh Phuoc province has approved in principal and granted investment certificates to 24 FDI and domestic projects worth over US$1 billion, at the Binh Phuoc Investment Promotion Conference held in the province on August 20.

Despite accounting for some 65 percent of Vietnam’s market share, foreign animal feed producers are continuously expanding production to further dominate the country’s fertile market.

FLC Group has officially launched Bamboo Airways which is scheduled to provide its first flights in October this year.

Deputy Prime Minister Vuong Dinh Hue has stated his confidence that cooperatives in Vietnam are beginning to flourish after a long period of poor performance and Vietnam’s goal to have 15,000 cooperatives established by 2020 is achievable.

Chinese businesses are looking to collaborate with Vietnamese partners to stock Vietnamese rice in supermarkets throughout Guangxi province.

HCM City is working with several provinces to set up orchid supply chains and mitigate shortages there, especially during holidays when supply dwindles and prices shoot up.

Many motorbike and car dealers in Vietnam’s big cities reported slower sales at this time of the year which falls on the 7th lunar month traditionally called the Ghost Month.

Discussions have continued on the feasibility of direct flights between the US and Vietnam.

Suchel TBV S.A., a joint venture between Vietnam and Cuba, was approved by the Cuban Government to build a detergent plant in the Mariel Special Development Zone (ZEDM), according to Cuban News Agency (ACN).

The Ministry of Transport plans to submit a pre-feasibility study report on a high-speed north-south railway project to the government this year for consideration.

Moody’s Investors Service has upgraded the long-term local and foreign-currency deposit and issuer ratings of Vietcombank, BIDV, and VietinBank.

National flag carrier Vietnam Airlines has announced to earn pre-tax profits of roughly VND1.92 trillion (USD82.42 million) in the first half of this year, up 87% on-year, doubling the set target.

Plastic companies are facing possible bankruptcy after 4,000 tonnes of plastic scrap, raw material for their production, have been held up at ports for tests to ensure they meet import criteria.