Business

Foreign banks and credit institutions will be licensed to lend in foreign currencies to export enterprises, which will provide short-term capital to exporters and manufacturers.

Vietnam is unlikely to meet the 10 per cent export growth target for this year, said Minister of Industry and Trade, Trần Tuấn Anh.

Japanese businesses are keen to share their experience, transfer technology and invest in the construction of Metro Line 3A and a trade centre at the central station of metro line No. 1 in Ho Chi Minh City.

The real estate sector in Vietnam is the second-biggest recipient of foreign direct investment in the last two years after the manufacturing and processing industries.

On the sidelines of the main APEC summit events being held in Lima this week, President Tran Dai Quang met with a group of top Peruvian business leaders on November 18 to discuss the importance of collaboration to bolster

Fitch Ratings has released a report forecasting that Vietnamese banks are set to improve gradually next year.

The State Bank of Vietnam said that the rising value of the US dollar against the Vietnamese Dong was normal at this time, reassuring market concerns over the accelerating VND/USD exchange rate.

The Vietnam International Bicycle Exhibition - Vietnam Cycle 2016 opened at the Hanoi International Exhibition Centre, No.91 Tran Hung Dao Street, Hanoi, on November 17.

More business leaders in Vietnam are “very confident” in near-term revenue growth, at 50 per cent this year vs. 44 per cent a year ago, according to a recent survey conducted by PwC.

PepsiCo Vietnam has just been fined VNDV25 million (USD1,116) for failing to carry out proper testing on its products.

Prime Minister Nguyen Xuan Phuc has reiterated that Vietnam will continue to integrate into the global economy at a rapid pace regardless of whether the long-awaited TPP comes into effect or not.

Hanoi Chairman Nguyen Duc Chung has approved a VND7bn (USD312,000) Incubator for Information and Communication Technology programme for the 2016-2020 period.

Top world leaders meet from Thursday to try to save their cherished free trade accords from feared extinction under US President-elect Donald Trump.

The State Bank of Viet Nam (SBV) is drafting a new circular on foreign currency lending.

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.