Business

Vietnam’s import-export revenue has increased four-fold in the past decade after joining the WTO, the General Department of Customs reports.

The Government Inspectorate of Việt Nam has revealed that mismanagement in tax collection between 2012 and 2014 caused mounting arrears and losses of trillions of đồng to the State exchequer.

A circular issued by the State Bank of Vietnam (SBV), which comes into effect on March 15, may affect small-sized enterprises as they will have to borrow from credit institutions at higher interest rates.

A wealth report by leading UK independent real estate consultancy Knight Frank showed that Vietnam is among the countries with the fastest rise in the number of USD millionaires.

President of the European Chamber of Commerce in Vietnam (EuroCham) Michael Bahren has affirmed his agency’s commitments to supporting and encouraging European businesses to forge stronger partnerships with Vietnam.

Many companies in Vietnam have halted advertising campaigns on Youtube following local authorities warning about their ads inadvertently appearing on videos with "bad content".

Minister of Agriculture and Rural Development Nguyen Xuan Cuong signed a decision on March 1, 2017, to stop importing a number of agricultural products from India.

The development and attractiveness of Vietnam among foreign investors is undeniable because the country is constantly improving its business climate, according to most experts in EuroCham Sector Committees at the conference launching the EuroCham Whitebook 2017.

More than 14,450 enterprises were set up in the first two months of this year, with a total registered capital of over USD6.71 billion, according to the Business Registration Management Agency.

Vietlott has earned VND12.8bn (USD562,000) a day in the first two months of 2017, an increase of 34% on last year, according to its recent report.

The national consumer price index in February went up slightly by 0.23% compared to the previous month and 5.02% compared to the same period last year, announced the General Statistics Office.

Chairman of Khanh Hoa Province Le Duc Vinh has met with a US delegation during the Senior Officials’ Meeting of APEC in Nha Trang City to attract US investment to the province.

The farmers in Dak Nong Province will have to bear huge losses as thousands of pepper trees suddenly died because of disease just before they were harvested.

Infrastructure needs in Asia and the Pacific will exceed USD22.6 trillion through 2030 if the region is to maintain its growth momentum, according to a new report by the Asian Development Bank.

The South Korean conglomerate the Lotte Group has announced a second shopping mall in Hanoi: Ciputra Hanoi Mall.

The Ministry of Industry and Trade has pointed out the causes for the USD90m losses at a fertiliser plant in Ninh Binh Province that forced it to halt operation four years after being put into use.

Vietnam is likely to have something to crow about during the Year of the Rooster as several factors will facilitate socio-economic growth, ANZ Vietnam said on February 24.

Many investors in the central city of Danang are seeking to sell their small and medium hotels to cut losses as the city has ample accommodation.

The total assets of the Vietnamese banking industry reached USD360 billion by the end of 2016, according to statistics provided by the State Bank of Vietnam.