Business

Vietnam has lowered its GDP target for this year to 6.3-6.5% from an initial 6.7%.

The national flag air carrier Vietnam Airlines has completed procedures to become a joint-stock company, the corporation announced on October 16.

The central province of Quang Nam has submitted an upgrade plan for Chu Lai Airport to ministry review before it seeks approval from the Prime Minister.

A group of ‘so called experts’ is encouraging farmers in Vietnam to plant crops such as corn and soybeans for use as animal feed in lieu of rice because it will increase gross revenue for the nation collectively.

The Ministry of Agriculture and Rural Development (MARD) has designed a plan to monitor the production chain of safe shrimp for export, aiming to develop shrimp farms to the standards of the World Organisation for Animal Health (OIE).

The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.

International tourist arrivals to Vietnam in the first nine months totaled 7.265 million, an increase of 25 per cent year-on-year, according to the Vietnam National Administration of Tourism (VNAT).

It is estimated that USD1bn will be spent to import fruits and vegetables from Thailand and China this year, according to the General Department of Vietnam Customs.

VinaCapital expects to establish a new fund, the VinaCapital Special Access Fund (VSAF), in November to invest in companies on the Unlisted Public Company Market (UPCoM).

Phan Thiet City's real estate market is expected to benefit from improved local infrastructure constructions.

The Asian Development Bank and Vietnam have just signed a USD231.3 million loan to enhance the power transmission network in the southern region.

Start-up projects will be provided financial support of up to VND2 billion (US$90,000) sourced from Ho Chi Minh City (HCMC)’s budget for science and technology development activities.

Beachside and resort properties in Vietnam have huge potential and investors are targeting foreigners and overseas Vietnamese as their biggest customers.

The Hanoi Department of Taxation has just made public the names of seven real estate companies which are responsible for tax arrears of VND55bn, equal to 36% to total debts owed by the companies in the city.

More than 250 financial experts and investors from Vietnam, Thailand, Malaysia, Japan, Singapore, the US and the EU will attend the second foreign investment conference in Ho Chi Minh City on November 4.

Several experts have expressed concerns that Vietnam's exports could be affected by the Samsung Galaxy Note 7 crisis.

The Hoa Phat Group is seeking permission from the Quang Ngai Provincial People’s Committee to take over the Guang Lian Dung Quat steel mill project in the central province, which has been delayed for ten years.

The Swiss Government has committed to providing 90 million CHF (92 million USD) of non-refundable ODA for Vietnam to implement prioritised joint projects.

Samsung Electronics Co Ltd (005930.KS) scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its reputation and outlook after failing to resolve safety concerns.