Business

Manufacturing has continued to lead recruitment demand in Vietnam, according to Navigos Search.

Liquidity in city's apartment segment at highest level for some years, according to Savills' latest report.

Minister of Information and Communications, Truong Minh Tuan has hailed the contributions of the Viettel Group to the sustainable development of Vietnam's economy.

The overseas remittances sent to Ho Chi Minh City through official channels reached US$2.1 billion in the first half, a year-on-year increase of 1%.

Latest report from real estate consultants points to greater interest from regional investors in predicting record M&A transactions.

Minister of Science and Technology Chu Ngoc Anh praised the Viettel Group at a meeting on July 7.

Vietnam will lift restrictions in areas including services, telecommunications, financing and banking, among others, facilitating foreign investors’ engagement and raising their ownership stakes in domestic firms, said Prime Minister Nguyen Xuan Phuc.

Hanoi authorities have asked the government to employ public-private-partnership model and allocate ODA to build 10 metro lines worth USD40bn to deal with congestion.

Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than 100 million VND (4,500 USD) per year will be taxed at five percent.

To take effect from July 10, interest rate cuts by the State Bank of Vietnam (SBV) to support economic growth and control inflation were given a great deal of thought, Governor Le Minh Hung has said.

Construction of VTV Tower, which was expected to be the world’s highest, will likely be put on hold.

The General Department of Vietnam Customs have reported that trade between the US and Vietnam increased by 43.5 times between 2000 and 2016 with turnover rising from USD1.08bn to USD47.15bn.

Foreign investors posted a net buy value of 9.2 trillion VND (408.9 million USD) in the first half of 2017, beating the record 8 trillion VND made in the first seven months of 2008.

Hoteliers are attracted by Vietnamese rapidly growing tourism sector, robust economic development and infrastructure investments, real estate consultancy Jones Lang LaSalle said in a recent report.

HCM City authorities are seeking prime ministerial approval for the selection of state-owned HCM City Financial Investment Company (HFIC) as investor in the municipal financial centre.

Deputy Minister of Industry and Trade Hoang Quoc Vuong said the government might allow the Vietnam Oil and Gas Group to agree to bankruptcy proceedings for some of its projects.

More than 100 Vietnamese startups and technology students met with Ms. Amy Kunrojpanya, Director of Public Policy & Communications, Asia Pacific, at Uber, on “Building a Reputation for Startups” in Hanoi on July 7.

Several economists and commentators have said that Vietnam needs increased administrative reform and investment in other sectors to boost GDP as oil is not a sustainable answer.

Hanoi police are seeking the Ministry of Public Security’s approval for prosecuting Muong Thanh Group for a range of violations in its real estate projects.