Business

Vietnamese enterprises have invested nearly US$21.4 billion in 1,188 projects in 70 countries and territories around the world, according to an official from the Ministry of Planning and Investment.

Electricity of Vietnam (EVN) is not permitted to mobilise capital to invest in the real estate and finance sectors.

Vietnamese consumers are favouring more imported fruits as spending last year reached over USD700m, that has put more pressure on the local businesses.

Some Japanese carmakers consider leaving Vietnam for other regional markets with better business prospects, said Takimoto Koji, the chief representative of the HCM City Office of the Japan External Trade Organisation.

Prime Minister Nguyen Xuan Phuc has urged Hanoi together with the hi-tech park’s management board to complete land clearance for its development within 2017.

The financial problems of Doan Nguyen Duc, president of Hoang Anh Gia Lai Group and one of Vietnam’s most influential businessmen, are widely known. However, it was only until 2016 that his company’s income turned negative.

The Ministry of Science and Technology held a press conference on February 15 to launch the first-ever International Agricultural Festival of the Mekong Delta, which will run March 9-13 in the city of Can Tho.

The Vietnam Aviation Corporation (Vietnam Airlines) said on February 15 that it has inked a contract with Aviation Capital Group (ACG) to lease six Airbus A321neo planes in the long term.

Prime Minister Nguyen Xuan Phuc has approved investment of Lotus Cam Ranh Golf Course project in the south-central province of Khanh Hoa.

Many fish processing companies in the Mekong Delta region have gone bankrupt, owing banks and farmers billions of VND.

Over 60% of Japanese firms in Vietnam have plans to expand their business, according to Atsusuke Kawada, head of the Hanoi office of the Japan External Trade Organisation (JETRO).

The Ministry of Industry and Trade has proposed 20 industries from which private organizations are banned, in the latest draft decree on goods and services under State monopoly.

Vietnam’s export value to the US saw a considerable fall in January, which is partially blamed on US protectionist policies and restrictions on imports from many markets.

Hanoi authorities propose to issue badges for Uber and Grab taxis as they currently do with traditional taxi companies.

Bac Ninh should strive to become Asia’s capital of electronics manufacturing and a symbol of Vietnam’s rise in field of electronics, Prime Minister Nguyen Xuan Phuc said at the province’s 185th anniversary celebrations.

Residents at Home City Apartment Building in Hanoi are complaining about being cheated by the building's investor that is forcing them to use a longer route and smaller entrance to enter the building.

Made-in-China trucks which had once dominated the Vietnamese market are facing the slow sales since early 2016.

The Transport Ministry has declined to approve a Uber Vietnam request to pilot an IT upgrade for its services, citing, among other things, a lack of authorisation and validation from its parent firm.

It appears that Vietnam is best placed to become Southeast Asia’s Silicon Valley while most members of the ASEAN Economic Community (AEC) have ambitions of developing competitive technology sectors, “Asia Correspondent” said in a recent article.