Business

It is no longer easy to sell goods via Facebook as sales are not high enough for many shops to cover expenses of ads. In addition, online traders will suffer if the social network or international cable network breaks down.

Vietnam Securities Depository (VSD) has announced that it issued 281 securities trading codes to foreign investors during September.

Head of the Ministry of Industry and Trade's Department of Market Management Trinh Van Ngoc promised to put an end to unhealthy competition and illegal gas extraction.

Prime Minister Nguyen Xuan Phuc has vowed that Vietnam always supports and creates optimal conditions for foreign investors, including Samsung, to run business in Vietnam.

Japanese auto supply giant Denso announced plans Friday to invest $1 billion to expand its US operations to focus on technology for automotive safety and electric vehicles.

The first wholly foreign-owned petrol service station in Vietnam was opened on October 5 in Hanoi.

Prime Minister Nguyen Xuan Phuc has approved a plan to deal with 12 loss-making industrial projects managed by the Ministry of Industry and Trade.

Hanoi will take over three delayed transport projects from the Ministry of Transport to speed up efforts in curbing traffic jams in the city.

Workers at industrial zones will be able to own a 45-square-metre apartment at the price of VND270m (USD11,800), according to a non-profit project by the Vietnam Confederation of Labour.

Domestic airfares have doubled or tripled in the past week because airlines have cut the number of flights.

Moody’s Investors Service has said that uncertainty over the potential for military conflict on the Korean peninsula is rising with the increasingly strident rhetoric. A conflict would have a high credit impact on South Korea, and Vietnam and Japan

A number of Jetstar Pacific pilots have taken sick leave, which has affected the budget carrier’s flights.

Overseas remittance flowing into HCM City until the end of September rose 12.5 per cent month-on-month to nearly US$3.38 billion.

Vietnam will not see high year-end growth in exports of tra fish and shrimp to US by this year because trade barriers have reduced their value, according to the national seafood association.

Uber Vietnam has confirmed that CEO Đặng Việt Dũng stepped down from his post on October 1 after three years of running the ride hailing service firm in the country.

Property prices in Vietnam are around 25 higher than average incomes because of high land prices and land taxes.

Telecom operator Vietnam Posts and Telecommunications Group (VNPT) expects to hold its initial public offering (IPO) in 2019, according to the group’s chairman Tran Manh Hung.

Nissan said Monday (Oct 2) it was recalling some 1.2 million cars in Japan that had failed to meet domestic rules on final vehicle inspections.

Uber and Grab are in a fair competition with traditional taxis, so they operate within the confines of existing laws, said the Ministry of Transport following the Hanoi Taxis Association proposal to stop Uber and Grab services.