Business

Vietnam’s public debt will reach a record high during the 2017-2018 period before gradually falling in subsequent years, according to an official from the Ministry of Finance.

Dozens of franchises are being established in Vietnam and more new brands are expected to enter the market in the near future, according to experts.

Investment in Long Thanh International Airport in Dong Nai Province could reach USD16bn according to Minister of Transport Truong Quang Nghia.

A giant railway project linking Hanoi and the northern port province of Quang Ninh has been delayed for many years due to an investment shortfall.

Vietnam will boost the re-lending of official development assistance and restrict ODA grants to localities as a way to tighten control over this foreign loan.

Vietnam’s low-cost carrier VietJet Air has signed a contract worth US$3.6 billion with CFM International, a joint venture between General Electric (GE) and Safran Aircraft Engines, on the provision of 215 jet engines accompanied by technical and maintenance services

Civil Aviation Authority of Vietnam (CAAV) and national carrier Vietnam Airlines (VNA) are completing the necessary procedures to open a direct air route to the United States in 2018.

Vietnamese wood companies in Huong Khe District, Ha Tinh Province, are complaining about huge losses as their shipments are stuck in Laos after the government introduced a timber export ban.

The World Bank has designed a four-year technical co-operation plan to help Vietnam deal with bad debts.

Several companies have announced plans to set up new airlines in Vietnam.

Hanoi’s first metro project, the Cat Linh-Ha Dong line, which is scheduled to be operational in the coming year, has already shown signs of rust.

Vietnam attaches importance and gives priority to promoting the Comprehensive Partnership relations with the U.S., expecting to attract more investment from the U.S. in such areas as energy, infrastructure, education-training and finance-banking.

Despite a decrease in newly-registered capital, the significant growth in the value of mergers and acquisitions became a key element in raising Vietnam’s foreign direct investment in the first five months of 2017.

Prime Minister Nguyen Xuan Phuc has recently approved a plan on restructuring state-owned enterprises (SOEs) in the 2016-2020 period.

The Ho Chi Minh City Department of Taxation has said recently that its data center is checking Facebook accounts used for conducting business, with a view to determining any tax obligations.

Forbes Vietnam has announced a list of the top 50 Vietnamese listed companies in 2017, which includes many new firms such as VietJet, Sabeco, Petrolimex, and Novaland.

Jonathan L. Moreno, chairman of AmCham, talks with the Vietnam Investment Review about the outlook of US-Vietnam bilateral relations and how the American business community helps consolidate the commercial ties.

Major technological innovation promises huge advances but also high unemployment.

Northern mountainous Lao Cai city, in the province of the same name, has begun construction of the Pho Moi tourism market, the first such market in Vietnam. It aims to contribute to preserving and promoting the traditional market model