Business

High logistics costs have become a major barrier for businesses and reduced the competitiveness of the national economy, Prime Minister Nguyen Xuan Phuc said.

A General Statistics Office of Vietnam economist Bui Trinh has opposed the Ministry of Finance's proposal to impose a tax on houses valued from VND700m (USD30,700).

Deputy Prime Minister Trinh Dinh Dung recently signed a decision on ratifying a plan to expand the country’s second largest hydropower plant in Hoa Binh province at a cost of nearly VND8.6 trillion (US$379 million).

The Government will convene a conference next week to seek ways to reduce logistics costs that reached US$46 billion in 2017, accounting for nearly 21% of the GDP.

There is "no appetite" among the Trans-Pacific Partnership signatories for major renegotiations to accommodate the US, Australia said Sunday (Apr 15) after President Donald Trump indicated he was considering rejoining the pact.

The National Assembly’s Standing Committee gathered Friday to review the draft Law on Crop Production which came under the spotlight over Government’s responsibility should planning fail and farmers become out of pocket.

The Ministry of Industry and Trade announced that they are investigating Grab's buying of Uber's stakes in Vietnam and are working with both companies.

The Government raised more than VND1.39 trillion (USD61.5 million) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance.

The Vietnam Economic Times interviewed Chairman of the State Securities Commission (SSC), Tran Van Dung just prior to the April 16-20 Investment Promotion Conference in South Korea.

Deputy Prime Minister Trịnh Đình Dũng on Thursday visited the southern province of Đồng Nai to review land acquisition, compensation and resettlement support for the construction of Long Thành International Airport.

Investors have been rushing to buy land in the central city of Danang, pushing land prices in the city up even further.

The PM has signed Directive No. 10/CT-TTg on enhancing management of activities related to Bitcoin and other virtual currencies.

After HCM City, Hanoi will be the next location to open large-scale convenience stores without cashiers.

Transport officials in Khanh Hoa Province said that they are going to propose to the Transport Ministry to curb the rampant violations by Grab Company in the coastal tourist city of Nha Trang.

Police in Ho Chi Minh City are coordinating with relevant agencies to examine an alleged cryptocurrency fraud involving over 32,000 people and a sum of 15 trillion VND (666 million USD).

Vietnam is set to continue its strong economic performance, with GDP growth forecast to rise to 7.1% this year, the Asian Development Bank said in a new report launched Wednesday.

Chinese ride-hailing firm Didi Chuxing has submitted its request for market entry to the Ministry of Transport (MoT).

The Russian Export Center JSC, in cooperation with the Ministry of Industry and Trade of the Russian Federation, is holding commercial events in Hanoi and Ho Chi Minh City during a visit by a delegation from April 9 to 13.

Phu Quoc Island in the southern province of Kien Giang is facing the serious construction and land violations while a Government Inspectorate probe into land management in the province is underway.