Business

JLL: HCMC demand for office space continues to outpace supply

With a lack of supply and increasing rents in Ho Chi Minh City’s existing central business district, it is anticipated that those with large head office requirements will begin to consider the latter a viable alternative, according to JLL Vietnam.

Made-in-Vietnam robot used in Hanoi coffee shop

A group of young people have successfully created a robot to serve at a coffee shop in Hanoi.

Đà Nẵng software park recognised

Đà Nẵng’s software park has been recognised as a centralised information technology centre – the third of its kind after two in Hanoi and HCM City – following Prime Minister Nguyễn Xuân Phúc’s decision on December 7.

SBV seeking comments on amendment to gold management decree

The State Bank of Vietnam is collecting comments on a draft amendment to Decree No. 24 from 2012 on gold trading management, with the proposed elimination of business conditions for producing gold jewelry and fine arts being the prominent feature.

Vietnam listed among top six most-attractive retail markets

Vietnam has been ranked sixth among the world's most attractive retail markets and named in the top 30 most lucrative retail markets this year, said Hoang Anh Tuan, deputy head of the Ministry of Industry and Trade (MoIT)'s Domestic

Khaisilk accused of selling fake silk products

The Ministry of Industry and Trade has concluded that some of the products under the Khaisilk brand contain no silk and have transferred the case to the police.

Remittances to hit US$5.2 billion this year

Overseas remittances to Ho Chi Minh City is expected to total US$5.2 billion this year, up 4.5% year-on-year, said an official of the State Bank of Vietnam (SBV).

Vietnam’s economy to reach 300 billion USD by 2020

Prime Minister Nguyen Xuan Phuc stressed the importance of the business community for Vietnam’s economic prospects in the next decades.

Facebook online seller pays VND9.1bn tax arrears

The Ho Chi Minh City Taxation Department has collected VND9.1bn (USD400,100) in tax arrears from a Facebook account that sells cosmetics online.

Vietnam: 90 percent of farm products exported in raw form

Though Vietnam is among the world’s top exporters of farming produces, 90 percent of the products are exported in the raw form with quality and value lower than many foreign rivals, said Minister of Agriculture and Rural Development Nguyen

Saudi Arabia to cut oil exports to Asia in January

Saudi Arabia said on Monday it will trim crude exports to Asian customers in January to help accelerate the rebalancing of the international oil market.

World Bank raises Vietnam’s growth forecast to 6.7% for 2017

The World Bank has revised its 2017 growth forecast for Vietnam to 6.7% from the projection of 6.3% made last October, citing stronger momentum in domestic demand, manufacturing, and services.

WB Vice President reaffirms continued support for Vietnam

World Bank Vice President for Sustainable Development, Laura Tuck has reaffirmed the World Bank Group’s continued support for Vietnam as the country addresses the challenges of rapid urbanization and the impacts of climate change.

First Vietnamese Coffee Day on way in Da Lat

The first Vietnamese Coffee Day will take place on December 10 in the central highlands city of Da Lat in Lam Dong province, with celebrations launching the day being organized from December 9 to 11 in one of Vietnam’s

Import inspection before custom clearance removed

There has been a 91 per cent reduction in the amount of goods controlled by the Ministry of Science and Technology inspected before customs clearance.

EU supports improving herbal value chain in Vietnam

A project on improving the governance in the herbal value chain was launched in Yen Bai Province on December 8, with aims to promote the contribution of social organisations to a better management capacity in Vietnam.

Former PVN chairman prosecuted for serious economic violations

Former Chairman of the Member Council of PetroVietnam, Dinh La Thang, has just been prosecuted for investigations in the losses of VND 800 billion in PVN’s investment in OceanBank and embezzlement involving the Thai Binh 2 thermal power project.

Vietnamese bus manufacturer signs export contracts

Truong Hai Automobile Company (Thaco) has signed contracts to export 1,150 vehicles to Thailand, Philippines, Cambodia and Taiwan at the opening ceremony of its new bus plant in Quang Nam Province on December 8.

Vietnam, Liberia endeavour to triple trade revenue

Vietnam and Liberia have affirmed their determination to double or triple the current bilateral trade of US$35.3 million.

$26 million wind turbines for Quang Tri

Danish wind turbine manufacturer Vestas and local company Tan Hoang Cau signed a turbine supply contract for the 30MW Huong Linh 1 wind farm as well as a MoU on the pre-development of three other wind projects.

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