Business

The northern central province of Thanh Hoa took the lead in attracting foreign direct investment in the first six months of this year with USD3.06 billion, according to the Ministry of Planning and Investment.

Vietnam's housing market is improving with a longer real estate cycle, according to property consultancy firm Savills Vietnam at a conference about stabilising the macroeconomy.

Despite the car industry's high growth rate, car ownership in Vietnam is still low compared to neighbouring countries, according to the survey by the marketing strategy consulting firm Solidiance.

Vingroup on June 25 signed a memorandum of understanding with Hanoi authorities worth nearly USD5 billion on building new metro lines in the capital city.

Deputy PM Vuong Dinh Hue had a meeting with WB Country Director Ousmane Dione on trade facilitation, logistics development, and national single window implementation on June 26 in Hanoi.

Hanoi will manage the operation of app-based taxi service, including Uber and Grab, in a way similar to traditional taxis to guarantee a fair business environment.

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.

Authorities in Hanoi have approved 48 projects with total registered investment capital of VND74.3 trillion (USD3.25 billion).

With both local and international operators strongly expanding into co-working in Việt Nam, the industry is expected to develop rapidly, experts have said.

As Vietnam integrates extensively into the world economy, major Vietnamese export items including agricultural products have more opportunities to approach large foreign markets.

Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies.

A Vietnamese company has successfully developed a real-time billing system (OCS) for telecommunication networks for the first time.

Firms are complaining that the Vietnam Northern Food Corporation and Southern Food Corporation are monopolising markets as they are banned from signing contracts prior to the giant businesses getting first option.

Prime Minister, Nguyen Xuan Phuc, has asked the largest southern economic hub of Ho Chi Minh City to create a favourable start-up environment for those with great willpower.

The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by VNĐ50 to VNĐ22,725, revealing its intention to expand foreign reserves.

Hanoi, Danang and HCM City’s taxi associations have sent a joint petition to Prime Minister Nguyen Xuan Phuc, asking for him to intervene to guarantee a fair business environment.

The Ministry of Public Security’s Investigative Agency has decided to prosecute five former executives of the textile factory of the State-run giant, PetroVietnam, and a subsidiary, for causing considerable economic losses.

Vietnam expects to export USD3.3bn worth of cashews in 2017, USD200m higher than last year, according to the Vietnam Cashew Association.

Operating conditions in the manufacturing sector - Vietnam’s bedrock - point to ongoing growth, with output, employment, and new orders - both overall and overseas - continuing to expand, according to HSBC’s Vietnam at a Glance report for March