Business

More than 200 domestic and foreign enterprises will take part in the 26th Vietnam International Jewellery Fair (VIJF 2017), which will take place in Ho Chi Minh City from November 8-12.

Many sugar companies in Vietnam have been unable to sell sugar over the past two weeks although prices have reached a record low.

Moody’s Investors Service has changed its outlook for Vietnam’s banking system to positive for the next 12-18 months from stable, reflecting the country’s strong economic prospects and the positive outlook for most rated banks.

Samsung Electronics logged a record profit of $10.0 billion for the third quarter and announced a sweeping reshuffle of its top management on Tuesday, seeking to maintain its lead while its heir is in prison.

The government has outlaid VND213.8 trillion ($9.4 billion) on paying debt interest and principal since the beginning of the year to October 15, equal to 4.18 per cent of the country’s GDP, according to official data.

Famous silk brand Khaisilk may face a range of investigations after a scandal triggered widespread calls for the boycott of the once-luxury Vietnamese brand last week.

Police in Nghe An Province has arrested the leaders of two local companies for producing and trading fake petrol.

According to the State Bank of Vietnam (SBV), the issuance, supplement and use of bitcoin and other similar virtual currencies for legal payment is prohibited in Vietnam.

Quang Ninh’s provincial authorities in Ha Long City have requested tourism service providers on Ha Long Bay to list their service prices in Vietnamese, English and Chinese.

The Consumer Price Index (CPI) in October has increased by 0.41% over September and 2.98% on-year, which was mainly attributed to the impact of recent storms and floods.

Both Uber and Grab Taxi have reported losses, with Grab Taxi incurring VND938bn (USD41.3m) in losses due to too much promotion, discount programmes and subsidies to drivers.

The Ministry of Industry and Commerce of Sri Lanka has launched an international tender to purchase 200,000 tonnes of rice, providing an excellent opportunity for Vietnamese rice exporters.

Vietnam needs a gradual sustainable increase in forex reserves, rather than a shocking increase as seen in the last two years, according to analysts.

Total FDI attraction including newly-registered, additional capital and share purchase capital valued US$ 28.2 billion in the first ten months, reported the Foreign Investment Agency (FIA).

Over 11,000 new businesses have been established across the country so far this month, with a registered capital of approximately VND119.24 trillion, up 29.6% in the number of enterprises and 48% in terms of the registered value in comparison

HCM City has advanced an additional VND1.2 trillion (USD54.5 million) to pay contractors for the Ben Thanh-Suoi Tien metro project which is facing capital delays.

Despite high demand for housing, many people have refused to move into resettlement buildings in Hanoi and left thousands of apartments lying empty due to low quality.

Export turnover of agro-forestry-aquatic products is expected to reach 2.74 billion USD in October, bringing the ten-month figure to nearly 29.76 billion USD, up 12.7 percent year-on-year.

The authorities in HCM City have asked Grab and Uber to stop recruiting new cars while waiting for the Ministry of Transport review of the two-year implementation of science and technology in passenger transportation.