Business

The Truong Hai Auto JSC opened a THACO agricultural machinery factory with a capacity of producing 2,000 tractors a year on February 21 in Quang Nam province.

Taiwan police have arrested four men over a bitcoin robbery worth Twd$5 million ($170,000) in what they said was the first case of its kind on the island.

The cultivation sector aims to earn export revenue of more than $21 billion this year, a year-on-year increase of 2.2-2.3 per cent, the Vietnam News Agency reported the Ministry of Agriculture and Rural Development as saying.

The cultivation sector aims to gross over 21 billion USD in export turnover in 2018, representing a year-on-year rise of 2.2-2.3 percent, according to the Ministry of Agriculture and Rural Development.

Thailand’s biggest solar energy company, Superblock Pcl, plans to invest 56 billion baht (USD1.76 billion) to install 700 megawatts (MW) of wind farms in Vietnam.

PM Nguyen Xuan Phuc has signed Decision 213/QD-TTg approving a plan to accelerate bilateral trade and investment ties between Viet Nam and its strategic and key partners.

State-owned Hanoi Trade Corporation (Hapro), the owner of several golden land plots in the capital, will conduct its IPO on March 30, according to information published by the Hanoi Stock Exchange.

Vietnam has sent a diplomatic note to oppose a seafood import suspension imposed recently by Saudi Arabia, calling on the country to withdraw its decision.

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.