Business

Vietnam has seen a boom in renewable energy projects, in a bid to meet the nation’s future demands for power, after the Government scrapped plans to build a nuclear power plant in Ninh Thuận Province.

Vietnam needs about 9 trillion -15 trillion VND (397-661.5 million USD) to develop its inland container depots (ICD) over the next three years, while funding for the following decade will be about 20 trillion - 22 trillion VND (882-970.2

Many people are seeking to buy foreign currencies with dogs on them to give away as lucky money or just to add to their collection as the 2018 Lunar New Year is the year of the dog.

In a policy turnaround, the Government has said it is determined to assist food and beverage importers and producers by reducing inspection times, costs and criteria, opting for businesses to make self declarations instead of being constantly watchdogged by officials.

A young man in Can Tho City has made a living for himself by using rice to make paintings and decorate handbags.

Flower traders in HCM City deliberately destroyed their flowers on February 15, the last day before the Lunar New Year, to prevent customers from making them accept low prices.

Vietnamese people spent up to VND409 billion (USD18 million) on importing flowers and bonsai trees for this year’s lunar new year, according to the General Department of Customs.

Restaurants are selling tickets for people who want to see fireworks display on the New Year Eve from their top floor.

While large travel firms are optimistic about the government plan to attract 15 million foreign travelers in 2018 and obtain total revenue of VND620 trillion, some analysts doubt the feasibility.

The on-time performance (OTP) rates of national flag carrier Vietnam Airlines and low-cost Jetstar Pacific were reported high in the days ahead of the Lunar New Year (Tet) festival, representatives from the two firms said on February 14.

People are preferring confectionery products from Vietnamese manufacturers to foreign products in preparing for the coming Tet (Lunar New Year) holiday.

The Prime Minister Nguyen Xuan Phuc has praised the Ministry of Industry and Trade for removing hundreds of requirements and permits for businesses.

While the hotel sector benefited from the APEC Summit, holiday home investors are waiting for the new year to come before introducing new projects.

The National Financial Supervisory Commission (NFSC) forecast Vietnam’s credit to grow 17- 18 percent in 2018, similar to the growth last year.

ATMs at industrial parks in Hanoi are crowded with workers who have to queue up to withdraw money.

As Tet nears, Hanoian families are paying to have their pets pampered and looked after.

Hanoi’s supermarkets are massively overcrowded in the run-up to the Lunar New Year.

Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation of many major foreign players.

Foreign direct investment (FDI) enterprises, which have enjoyed multiple tax incentives, pay the lowest State taxes despite reporting high profits, statistics show.