Business

A solution to deal with troubled commercial banks has been decided upon, Prime Minister Nguyen Xuan Phuc revealed. The regional development bank is planning to assist the Vietnamese government to solve the problem.

Vietnamese and Indian carriers, Vietjet Air and Air India, inked a Memorandum of Understanding (MoU) on the provision of aviation services for the two countries, in New Delhi on December 10.

Prime Minister Nguyen Xuan Phuc has said Vietnam must have a dynamic, smart and sustainable agriculture sector, considering developing this as one of the most difficult tasks before it, but one essential to modernising the national economy.

Việt Nam will continue to restructure its public debt with tighter monitoring of projects as it deals with the challenge of building macro-policies to deal with the issue, Prime Minister Nguyễn Xuân Phúc said yesterday.

The HCM City People’s Committee has asked permission from Prime Minister Nguyễn Xuân Phúc to hire an investor for the elevated road No. 1 project.

Ho Chi Minh City Department of Planning and Investment has issued 2,100 warnings to businesses to move out of residential apartment buildings within 15 days.

Vietnam Development Forum (VDF 2016) took place today in Hanoi under the moto “Facilitating and Action Oriented Government – New Driving Force for Development.”

The number of trading codes registered by foreign investors in Vietnam's stock market continues to rise, according to the latest official figures from the Vietnam Securities Depository (VSD).

PV Power Corporation, an affiliate of PetroVietnam, on December 8 issued a press release to announce that the firm’s Deputy General Director Le Chung Dung had failed return to work after a period away.

Vietnam is exerting efforts to improve the business climate and welcomes all ASEAN and international enterprises which have chosen the country as a trusted and attractive investment destination.

BRG Group and Sumitomo Corporation have held a signing ceremony for cooperation memorandum of understanding as strategic partners in order to collaborate in real estate and retail.

Prime Minister Nguyen Xuan Phuc has asked the Ministry of Public Security to investigate who spread false information about the revaluation of the Vietnam dong, which has affected macro economic activities.

The Vietnamese Government is taking drastic measures in restructuring agricultural production to adapt to climate change, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said.

Only one per cent of total enterprises in Vietnam has invested in agriculture, and 55 per cent of these are small scale, capitalised at under VND5 billion, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

The State Bank of Vietnam (SBV) has announced its key orientation of monetary policy management and banking operations in 2017.

The Vietnamese government is carrying out a project to complete the legal framework for managing and handling digital assets, virtual currency and digital money.

Vietnam’s medium-term outlook remains favorable, and its growth prospects may improve to 6.3 per cent from 2017-2018, according to the World Bank’s latest Taking Stock report.

Prime Minister Nguyen Xuan Phuc reiterated that Vietnam would continue to improve institutional mechanism for a market economy, including the legal system and administrative reforms in an attempt to create a more favorable business environment in the nation.

The General Department of Customs has decided to stop the customs clearance for BMW auto shipments imported into Vietnam after the Euro Auto Corporation was accused of committing violations.