Business

The Ministry of Finance has outlined three scenarios for inflation in 2018, with the consumer price index in all staying below 4 per cent, the target set by the National Assembly.

Vietnamese people spend USD354m on snacks in 2017, according to the market research company Statista.

The import tax for cars imported from ASEAN has been slashed to 0% from January 1, 2018, which is expected to raise the country’s car ownership rate which remains low compared to regional averages.

New-age carrier Vietjet Air has become the first airline in Southeast Asia to take delivery of an A321neo (new engine option), after the Airbus aircraft landed at Tan Son Nhat International Airport in Ho Chi Minh City last week

The government will strive to reduce and simplify half its of current existing conditional business requirements in 2018 in an effort to improve Vietnam’s business climate to boost growth.

Finance-banking, real estate-construction and consumer goods are three industries that gain the highest profitability in the securities market in 2017.

Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system.

The Ministry of Industry and Trade predicts that Vietnam will earn US$200 billion from exports this year, 13% more than last year, exceeding the set target.

The Ho Chi Minh City Real Estate Association (HoREA) predicted stable development for the city real estate sector and claimed that there would not be a real estate bubble in 2018.

China's manufacturing activity edged down in December, official data showed Sunday (Dec 31), but largely maintained momentum despite increased curbs on heavy industry aimed at taming the country's chronic air pollution.

Next year is likely to be a fiercely competitive one for real-estate companies in Ho Chi Minh City since scores of new projects are set to hit the market, analysts said.

The Export-Import Bank of China (China Eximbank) has completed the procedures to disburse an additional loan worth US$250.6 million for the Cat Linh-Ha Dong urban railway project in Hanoi.

Organic agriculture and environmentally friendly farming are a global trend. The world has approximately 43 million ha of organic farm land and the estimated global market for organic food is around US$80 billion.

Prime Minister Nguyen Xuan Phuc said that Vietnam had achieved many positive results in economic development in 2017, but in reality; the country’s current per capita income remains too modest.

China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing battles to retain foreign firms and investment.

Airlines, by December 26, had registered to increase nearly 3,000 flights and 582,000 seats on 22 routes from and to 18 domestic airports.

Vietnam Railways has put into use an additional 30 high-quality carriages for high demand routes during the coming Tet Holiday.

The consumer price index (CPI) in December increased by 0.21% from the previous month, according to the General Statistics Office (GSO).

About 8,036 cars with Takata airbag have been recalled by Toyota Vietnam over defective inflator and propellant devices.