Business

Unlock them with an app, drop them off anywhere, and nip past lanes of stationary car traffic: the humble bicycle is seeing a revival in China as a new generation of start-ups help tackle urban congestion and pollution with

The People’s Committee in southern Bình Thuận Province has given its approval in principle to the Đa Nhim-Hàm Thuận-Đa Mi Joint Stock Company for a project on Đa Mi Lake.

The State Bank of Vietnam (SBV) has set a credit growth target of 18 % for this year and pledged to continue measures to keep credit growth adequate for economic growth.

Vietnam will allow betting on international football and horse and greyhound racing according to a newly-issued decree by the government.

BIDV, Vietinbank and Vietcombank are valued at more than $200 million each and are on the list of the top 500 banking brands according Brand Finance.

Total trade in January was estimated at $29.3 billion. Export turnover was $14.6 billion, down 12 per cent against last month, while import turnover was $14.7 billion, down 13.9 per cent.

F&N Dairy Investments has registered to purchase 21.77 million shares of Vinamilk in February after acquiring more than 16.5 million shares before the Lunar New Year Festival.

The State Audit Office of Vietnam has proposed USD1.6bn in fines last year, the highest in 22 years, on local businesses for their violations, according to their report to the prime minister.

The Ministry of Finance has unsurprisingly batted away criticism of its ministry-owned computerised lottery in Vietnam, underlining it operates in a totally transparent way and in line with the law.

The consumer price index in January rose 0.46% over December 2016 and 5.22% compared to the same month of last year, according to the General Statistics Office.

Prime Minister (PM) Nguyen Xuan Phuc pressed the button to launch a high-tech agricultural production at a VinEco farm in the northern province of Ha Nam on February 2.

Vietnam Real Estate Association Chairman Nguyen Tran Nam said that the local property market would see more cheap housing supply in 2017 to meet increasing demand.

Backed by a strong end of year with 2016’s fourth quarter GDP growth of 6.8 per cent and a growth rate of 6.2 per cent for the whole year, the primary driver of Vietnam’s robust economic expansion is manufacturing,

The Ministry of Industry and Trade has set a goal to get 30% of Vietnamese people shopping online by 2020.

The State Audit Office of Vietnam has requested the investor of the Yen So Sewage Treatment Plant to return millions of US dollars after uncovering various violations.

The Vietnam Steel Corporation (VnSteel) aims to earn consolidated revenue of 18.8 trillion VND (835.5 million USD) in 2017, an increase of 800 billion VND from 2016.

The Government Office has announced an audit of major state-invested projects with funding of more than VND10 trillion (USD443.27 million).

Local economists forecast that the Vietnamese economy will face greater challenges in 2017 amidst global geopolitical changes and financial uncertainties.

Small-sized banks are making great efforts to grow to avoid being merged or acquired, however, it is not easy, according to the Dau tu chung khoan (Securities Investment) newspaper.