Business

There is still plenty of room on the Cuban market for Vietnamese businesses, especially in tourism, agriculture, telecommunications and consumer goods, according to the Vietnam Chamber of Commerce and Industry.

China imported up to half of Vietnam’s exported crude oil in the first quarter of this year, according to the Vietnam General Customs Department.

The military-run mobile carrier Viettel officially launched its 4G network on April 18, announcing that it covers 95 per cent of Vietnam’s population with an average download speed of 30-50 Mbps.

Prime Minister Nguyễn Xuân Phúc has given the investment green light to building two large-scale reservoirs with capacities of nearly a million cu.m each.

A local government inter-department inspection team has discovered many construction planning and land use violations at 50 real estate projects in Hanoi.

The World Bank’s Board of Executive Directors has approved a $102 million loan to the Vietnamese Government to support the efforts of industrial enterprises to adopt energy-efficiency technologies and practices.

Prime Minister Nguyễn Xuân Phúc has halted construction of the US$10.6-billion Hoa Sen Cà Ná steel plant in south-central Ninh Thuận Province, while requiring more studies to be completed on the consumer demand and the environmental impact of the plant.

The Bank for Investment and Development of Vietnam (BIDV) should set out middle-term and annual business strategies with specific tasks and goals, striving to break into the top 25 commercial banks in the ASEAN region.

The number of cars imported from India and Indonesia into Vietnam increased sharply in the first three months of this year, while car imports from the UK and Germany fell considerably.

Việt Nam’s garment and textile exports may increase by 10 per cent this year if there are not adverse fluctuations in the global market, according to the Việt Nam National Textile and Garment Group (Vinatex).

The European Authority for Aviation Safety (EASA) has awarded an EASA-145 certificate on aircraft maintenance services to Vietnam Airlines Engineering Company (VAECO).

More than 520 domestic and foreign businesses are gathering in Ho Chi Minh City for the Food&HotelVietnam2017 from April 25 to 27.

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

The Vietnam Report Joint Stock Company has just announced its 2017 list of top 500 best growth and best prosperity companies in Vietnam.

A recent survey shows that 38% of Vietnamese think that leaders of firms are in the top three most corrupted groups.

Vietnamese enterprises saw a sharp decrease of profits in the 2010-2015 period compared to the previous five years, according to the General Statistics Office.

Uber Vietnam has just received approval from the local Ministry of Transport to pilot an IT upgrade for its services, the company said.

Vietnam catfish processors must prepare for the inspection programme of the US Department of Agriculture in order to boost exports into this market.

Vietnam will not license a new airline until the Tan Son Nhat Airport upgrade project is completed according to an instruction by PM Nguyen Xuan Phuc.