Business

A proposal to establish the Viet kieu (Overseas Vietnamese) Bank in Vietnam has been raised at a meeting between Prime Minister Nguyen Xuan Phuc and OV experts last week.

Five trade centers will be added to the plan for wholesale and retail networks in Hanoi by 2020 and vision to 2030 under Decision No. 6239 from the Hanoi People’s Committee.

The Ministry of Finance has just asked the Vietnam Lottery Company to tighten their lottery sale activities after complaints from many traditional lottery companies in the southern region.

HCM City authorities said they planned to submit a USD250m metro project link to Tan Son Nhat Aiport for approval and will start the construction in 2019 if things go smoothly.

Despite the efforts to attract private sector investment into infrastructure projects, 50% of the investment are still sourced from the state budget and ODA loans, while drivers still suffer from high road tolls.

MobiFone’s latest financial report reveals that the official value of its investment in the Audio Visual Global JSC (AVG) was VND8.9 trillion ($400 million) and was the only investment it made in the first half of this year.

The Mekong Delta region is calling for investments to boost mechanisation in agriculture and improve its competitiveness.

In a big day for Vietnam’s up and coming technology startup ecosystem, Techfest 2016 brought together on Friday entrepreneurs, government officials, and others to talk about the future of tech in the country.

“At this point, Phu Quoc International Airport is in need of development. The forecast of 2020 shows that the number of visitors to the airport could be some 2.5-3 million, so a comprehensive extension is necessary,” Huynh Quang Hung,

The housing land price per sq m on the street front along vehicle-free Nguyen Hue is the highest in Ho Chi Minh City, according to the latest figures from gachvang.com.

Vietnam is one of the most ideal locations to expand businesses thanks to its political stability and rising middle class, according to the United Overseas Bank’s Asian Enterprise Survey 2016.

Cashew exports in the first ten months of this year posted strong growth, reaching 291,000 tonnes in volume and US$2.33 billion in value, heard the 8th Vietnam International Cashew Conference in the central city of Danang on November 11.

Successfully achieving a national rice brand that is recognized globally by consumers for a variety of practical reasons is a very difficult task, says the Vietnam Food Association (VFA).

The Vietnam Coffee and Cocoa Association has set a target to have a total coffee plantation area of approximately 600,000km across the nation, with exports expected at a maximum of US$6 billion by 2030, according to the Ministry of

The iPhone continues to prove its popularity in Vietnam as thousands of orders were fulfilled when retail stores start selling the device on November 11.

The National Assembly has agreed an increase 7 per cent for annual base salary, pensions, and preferential subsidies for people with meritorious service given to Vietnam’s revolution.

Vietnam Airlines will work with Jetstar Pacific to increase flight frequency on the Hanoi-Ho Chi Minh City route, with 34 flights each day from 5.45am to 9.30pm.

Nearly half of Vietnamese small and medium-sized enterprises had to pay bribes to officials when operating their business in 2015, according to a survey.

Many experts have expressed concerns that US president-elect Donald Trump's nationalism and anti-globalisation policies may badly affect Vietnam's export industry and economic growth.