Business

Vietnam’s export turnover of aquatic products was estimated at 653 million USD in June, raising the total figure in the first half of this year to 3.5 billion USD, reported the Ministry of Agriculture and Rural Development.

Vietnam always welcomes and wishes to receive investments from Russia, especially in the fields of energy, oil and gas exploitation and refinery, industrial equipment and auto manufacturing, President Tran Dai Quang has said.

The progress of equitisation of State-owned enterprises (SOEs) in the first six months of this year was slower than the same time last year with only 19 SOEs receiving approval for their equitisation plan by mid-June.

The General Department of Taxation has said it would inspect Uber and Grab taxi’s tax payments.

President Tran Dai Quang, who is on an official visit to Russia, and Russian President Vladimir Putin expressed particular interest in strengthening commercial cooperation, agreeing on investing more than $10 billion in both countries, the Vietnam News Agency reports.

Many out of nearly 40 safe vegetable shops operated by Hapro are selling other kinds of products or sub-leased.

The rise in education and healthcare services charges have pushed up the consumer price index (CPI) in the first half of 2017.

The Ministry of Industry and Trade is working with the Australia Ministry for Trade, Tourism and Investment to complete procedures to export dragon fruit to this market.

The Ministry of Transport has requested Grab and Uber taxi stop their newly-launched ride sharing service for contract cars.

The Vietnamese real estate sector has attracted a total foreign direct investment of USD701 million in the first half of this year, up 16% on-year.

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.