Business

Vietnam imported USD19 billion worth of goods from South Korea in the first seven months of this year, making South Korea Vietnam’s largest exporter during the period.

The Taiwan Tobacco & Liquor Corp. is the latest contender joining Vietnam’s dynamic beer market, as it seeks to expand into Southeast Asia in line with the Taiwan’s New Southbound Policy.

The national consumer price index in July rose by 0.11% compared to the previous month, the lowest increase in the July CPI over the past five years, according to the General Statistics Office.

Vietnam has focused on renewable energy development and has set a target to export renewable energy equipment by 2050, said a representative from the Ministry of Industry and Trade.

Prime Minister Nguyen Xuan Phuc has established an economic advisory group led by Vu Viet Ngoan, former head of the National Financial Supervisory Commission.

The Government needs to be aware of the pros and cons of the Internet of Things and Smart Cities, establishing a strategic roadmap for the development to complement the national ICT roadmap.

HCM City has advanced additional VND500 billion (USD22.7 million) to pay contractors for the Ben Thanh-Suoi Tien metro project which is facing the capital delays.

The General Department of Vietnam Customs has set out specific goals for 2017, including efforts to reduce clearance time by 70 hours for exports and 90 hours for imports.

After two weeks of lowering lending interest rates for short-term đồng loans following the central bank’s cue, several commercial banks have reduced their deposit interest rates.

Deputy Prime Minister Truong Hoang Binh has requested the Ministry of Public Security to conduct an investigation into three loss-making PetroVietnam projects.

Many commercial banks in Vietnam have reported rising profits in the first half of 2017. They have also increased recruitment.

Hanoi’s residential market has remained active, especially in its western and southern areas, while a downtrend has been recorded in HCM City, according to Cushman & Wakefield Vietnam’s second quarter report.

Experts and local authorities in Ha Tinh Province have expressed concerns over environmental risks and suggested halting the Thach Khe Iron Mine project.

Prime Minister Nguyễn Xuân Phúc visited Samsung Electronics Vietnam Thái Nguyên LLC (SEVT) during his business trip to the northern province of Thái Nguyên on Wednesday.

Amazon launched its express delivery service in Singapore on Thursday, the US online retail giant's first foray into Southeast Asia and a move that puts it in direct competition with China's Alibaba.

Vung Ro oil refinery project in the central province of Phu Yen with a total investment of USD3.2 billion has remained on paper despite being licensed in 2007.

Rice cooperation between Vietnam and Australia is growing strongly and will continue to head upwards in the years to come.

Thanks to strong growth of international markets, favorable exchange rate movements and new services as well as strategic projects development, Viettel has made a profit of VND1 trillion from investing abroad in the first six months of 2017.

Japan Airlines (JAL) and Vietjet Air have reached a formal partnership agreement aimed at improving customer convenience and the quality of operations and services while enhancing the corporate value of both companies.