Business

Tan Son Nhat International Airport in Ho Chi Minh City will be upgraded to welcome 40-50 million passengers per year in the phase from now to 2025.

Around 7,500 businesses in Vietnam were dissolved in the first eight months of this year due to business difficulties, up 3.5% on-year, the General Statistics Office said in a report.

PM Nguyen Xuan Phuc has instructed ministries, the State Capital Investment Corporation and relevant agencies to remain aware of group interests and act against corruption in the equitisation of state-owned enterprises.

Silicon Saigon Park JSC began construction of a research and development centre, as part of the ambitious Saigon Silicon City project.

The Ministry of Planning and Investment (MOPI) on August 30 organized a technical and educational trade and investment seminar in Hanoi, for those interested in doing business in Cuba.

The State Bank of Vietnam has warned organizations providing online payment services to bolster their safeguards against fraudulent payments, which have plagued some banks in recent months.

Dutch beer giant Heineken has purchased a brewery in southern Ba Ria Vung Tau province from Carlsberg.

Singapore’s GIC has agreed to buy a 7.7 per cent stake in Vietcombank, one of Vietnam’s biggest commercial banks, in the latest indication of the sovereign wealth fund’s appetite for emerging markets.

Low-cost carrier Vietjet on August 29 announced the opening of two international routes connecting Hanoi with Taipei and Ho Chi Minh City with Kaohsiung (Taiwan) as part of its network expansion plan.

The Ministry of Finance (MOF) has submitted to the government a plan to lower the corporate income tax (CIT) rate to 17% for small and medium sized enterprises (SMEs).

The Ministry Agriculture and Rural Development and the Ministry of Health will jointly take samples of the massive frozen fish inventories in the central region to test for unsafe products.

Vietnam, the world’s second-largest coffee producer after Brazil, exported 1.5 million tonnes of coffee during the 2015-16 period, with a revenue of US$3 billion, according to the Vietnam Coffee and Cocoa Association (VICOFA).

The Ministry of Finance said that it would be difficult to finish drafting a decree on preventing transfer pricing within only a few months.

Japan will pour $30 billion (27 billion euros) in investment into Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in Nairobi.

Prime Minister Nguyen Xuan Phuc has urged the south central province of Ninh Thuan to give more specific policy commitments to win investors’ confidence.

Many experts have said Vietnam had set too optimistic targets based on its current capacity at a conference on Vietnam’s industrial policies during global integration.

From now until the end of the year, total public debt could reach VND3,000,000 billion (US$134.5 billion) and each Vietnamese will shoulder an additional VND4 million (nearly US$180) of public debt.

The state treasury of Việt Nam offloaded more than 92 per cent of the bonds planned for the year as of August 24, according to the Hà Nội Stock Exchange.

The recent acquisition of the remaining 30% stake in Driftwood Dairy Inc., one of California’s largest processors of milk and dairy products based out of the City of El Monte, by Vinamilk is a textbook example of how to