Business

The State Bank of Vietnam (SBV) is drafting a new circular that will guarantee non-residents in Vietnam more rights to make deposits in both Vietnam dong and foreign currencies at local banks and prevent cash speculation.

While Vietnamese garment companies think the domestic market is too small, foreign investors consider Vietnam the "new land" to exploit, with the garment market worth US$4.5 billion.

Viettel, the telecom group, and Tan Can Sai Gon (SNP), a port developer, are the two names topping the list of military companies sought by investors.

Boat tours on the Red River in Hanoi has consistently failed to attract tourists over the past 20 years.

The Ministry of Industry and Trade (MOIT) has said that the supply of E5 bio-fuel will be able to meet the entire market demand when RON 92 petrol is completely replaced by E5 bio-fuel from January 1, 2018.

Vietnam has 13 commercial banks listed among the Top 1000 World Banks 2017 released recently by The Banker, the global financial intelligence agency since 1926.

Trade deficit for the whole of 2017 is forecast at US$5 billion, equal to 2.5% of export turnover, lower than the level permitted by the National Assembly, said the Ministry of Industry and Trade.

Nearly one thousand employees at the loss-making Dung Quat Shipyard are worried about losing jobs as the business is facing bankruptcy.

Vietnam’s medium-term outlook remains positive, with gross domestic product projected to increase slightly to 6.3% in 2017, according to a report released by the World Bank on July 13.

Vietnamese agriculture products are being rejected and more firms are having their business codes in the US revoked because of poorly performing business and low-quality products.

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.