Business

Auto sales reach 20-year high

The total number of automobiles sold in 2016 by members of the Vietnam Automobile Manufacturers Association (VAMA) reached 304,427 units, up 24 per cent against 2015 and the highest in 20 years, the association announced on January 11.

Vietnam among top beer markets in Asia

Vietnam is considered the biggest beer market in South East Asia with nearly 3.8 billion litres of beer consumed in 2016.

JLL: Real estate to continue developing

JLL Vietnam has reported that the real estate markets in both Ho Chi Minh City and Hanoi had a very strong 2016, with multiple new highs recorded in all facets of the residential market.

Vietnam-Philippines business forum held in HCM City

A Vietnam-Philippines business forum took place in Ho Chi Minh City on January 11 with more than 120 businesses from both countries taking part.

Three arrested in fake nutritional supplements scam

Police in Hanoi have arrested three men involved in the mass production of fake nutritional supplements using well-known international brand names.

Vietnam’s auto sales reach 20-year record

The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association announced.

Trust Bank's former chairman arrested

Ministry of Public Security's Economic Police Unit has arrested and prosecuted seven former leaders of Trust Bank in a corruption case involving trillions of VND.

Many banks report big profits in 2016

Major Vietnamese banks, including Vietinbank, Vietcombank and BIDV, have reported high profits in 2016.

Real estate activities to bloom in HCM City's outer areas

The land prices in some outer districts of HCM City including Binh Chanh, Binh Tan, and District 9 have increased by 20-40% in 2016, according to real estate developer and service provider CBRE.

ACV to sign strategic agreement with French airport

The Airports Corporation of Vietnam (ACV) plans to sign a strategic partnership agreement with French airport authority Aéroports de Paris (ADP) in March this year.

Deputy PM signs no-cash policy

Deputy Prime Minister Vương Đình Huệ has signed a policy decision encouraging cash-free transactions in Vietnam in order to reduce the number of cash-based deals, improve overall electronic payment methods and control tax evasion.

Big disparity in Tet bonus this year

The Ministry of Labour, Invalids and Social Affairs on January 9 announced a report on Tet bonuses offered by businesses nationwide, showing a big disparity.

Logistics key to Mekong Delta’s development: Deputy PM Hue

Logistics is a crucial factor in the development of the Mekong Delta, Deputy Prime Minister Vuong Dinh Hue told a conference on January 9 in the southern city of Can Tho.

McDonald's sells China operations for $2.08 bn

US fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.

Bank employees to enjoy huge Tet bonus

Several banks in Vietnam are planning to give employees huge Tet bonuses this year.

Real estate firms to be inspected in 2017

Minister of Construction Pham Hong Ha has signed a decision to inspect 12 large real estate companies in 2017.

Mineral exploitation control to be tightened

Government officials have announced that mineral exploitation will be more tightly controlled under a new regulation coming into effect on January 15.

European companies growing hot for Vietnam

More European enterprises are becoming keen on the Vietnamese food and beverage industry in anticipation of the EU-Vietnam Free Trade Agreement.

Thua-Thien Hue addresses abandoned ghost water park

Authorities of the central province of Thua-Thien Hue have decided to revoke the land of a VND-70 billion (USD3.3 million) water park project which has been left unused for many years.

Local retailers have big advantages over transnational chains

The current generation of Vietnamese are struggling with the most profound demographic transition ever and nowhere is this more evident than in the world of small retailers, speakers at a recent seminar in Hanoi have said.

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