Business

The Australian Department of Agriculture and Water Resources have prepared a draft report assessing Vietnam’s market access request to export fresh dragon fruit to Australia.

Vietnamese shipping companies are losing local market share as importers and exporters continue to choose foreign shippers.

Prime Minister Nguyen Xuan Phuc has asked China Railway Sixth Group Co. Ltd, the main contractor of Hanoi’s Cat Linh-Ha Dong railway project, to promptly address existing problems to ensure the project’s scheduled progress.

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Vietnam’s regulations that are due to take effect in 2017.

The Ministry of Construction has said solutions should be found to boost the development of affordable housing projects after the VND30trn (USD1.3bn) low-interest home loan package ends.

Vietnam is preparing to sue the US Department of Commerce for its latest antidumping duty administrative review on Vietnamese shrimp, according to the Vietnam Association of Seafood Exporters and Processors.

General Motors is recalling 1,240 Chevrolet Aveo’s in Vietnam due to an error in the ball joint.

The US’s Quantus, Inc is planning to invest in a hi-tech hospital at Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City’s District 9.

The Vietnamese Ministry of Finance has issued a new tax plan for Uber taxi service after its recent rule requiring drivers to pay tax on behalf of the ride-hailing company proved unpopular.

Vietnam has achieved an export surplus of USD2bn with the G20 countries in the first seven months after three years of trade deficit, according to a new report from the Ministry of Finance.

PM Nguyen Xuan Phuc has briefed about Vietnam’s socio-economic situation as well as the country’s potentials and opportunities for foreign investors while addressing a round-table dialogue with Chinese business chief executive officers in Nanning, China.

Deputy PM Vuong Dinh Hue agreed with a Ministry of Labor, Invalids and Social Affairs proposal to increase the 2017 minimum wage by an average of 7.3 per cent and asked the ministry to reduce social insurance payments from enterprises.

The State has received VNĐ5.8 trillion (US$256.5 million) from the divestment of State capital in local enterprises in the first eight months of this year, it was announced by the Department of Corporate Finance under the Ministry of Finance (MoF).

It has been unveiled that Allied Telesis signed an agreement on September 9 committing to jointly provide US$50 million of foreign direct investment in Saigon Silicon City.

One year after foreigners were permitted to buy houses in Vietnam, many real estate projects have reached their foreign sales limit of 30 per cent.

Vietnam has spent VND14 trillion (USD630 million) on subsidising national associations and unions since the beginning of this year, but much of the spending has proved ineffective said a local expert.

Despite high demand, and swathes of poor quality and over-priced housing in the city, in the west of Hanoi is a supposed luxury residential area with hundreds of houses, which has become a ghost town as no one moved

The HCM City People’s Court has upheld a 30-year prison sentence for Phạm Công Danh, a former bank executive, for his wrongdoings and violations of banking rules.

Up to 12 resort projects along Ke Ga Beach in the southern central province of Binh Thuan have been left abandoned for more than 10 years due to continual policy changes by local authorities and the central government.