Business

The Transport Development and Strategy Institute under the Ministry of Transport (MoT) has recently proposed mobilizing over VND91 trillion ($4 billion) to develop infrastructure and logistics systems in the Mekong Delta during the 2016-2020 period.

Hung Nghiep Formosa Ha Tinh Steel Co. Ltd. has said that the firm will transfer the remaining half of the USD500 million pledged total compensation to the Vietnamese government on August 28.

For the first time the tourism sector in Ho Chi Minh City has cooperated with the railway sector to open railway tours over the National Day holiday on September 2 and in the final quarter of the year.

The Vietnam Association of Seafood Exporters and Producers (VASEP) is seeking the government's help to get compensation from Formosa for its members.

A businesswoman has attacked the Vietnam Prosperity Joint-Stock Commercial Bank after an employee stole USD1.2m from her account and the bank made no attempt to help her.

Vietnam’s August consumer price index (CPI) rose 0.1% against July, up 2.58% over the same period last year, posting the lowest increase since February this year, according to the General Statistics Office (GSO).

The Vietnam Chamber of Commerce and Industry (VCCI) signed an agreement with 32 central and southern provinces and cities for creating a business-friendly environment at a ceremony in Ho Chi Minh City, on August 24.

The Ministry of Planning and Investment (MPI) has proposed that Agribank be equitized by 2020 as part of restructuring the financial market and completing the legal framework for the monetary and banking system.

According to the laws on housing, all business activities must be moved out of residential apartments by June 30 but the local authorities of Hanoi are still struggling to implement the laws.

Many enterprises in Quang Binh Province are struggling due to massive frozen fish inventories after buying fish from local fishermen affected by the recent fish deaths.

Vietnam is likely to intensify scrutiny of income tax paid by foreign workers, a seminar heard in HCM City.

HCM City has opened its first secondhand automobile market where sellers and buyers can meet directly to discuss purchases.

India became Vietnam's largest exporter of low-priced completely built-up small cars during the first seven months of this year, according to the Vietnam General Department of Customs.

Samsung SDS, a subsidiary of the Samsung Group, is to enter into Vietnam’s aviation sector through cooperating with the country’s largest airport terminal logistics business, Aviation Logistics Services.

Vietnam has topped a performance index for greenfield foreign direct investment (FDI) for the second year in a row, leading all other emerging economies by a wide margin.

The PetroVietnam Drilling and Well Services Corporation will provide a drilling rig and drilling related services for Myanmar from October, said PetroVietnam on August 22.

Vietnam’s stock market had a second week of gains, buoyed by local investor optimism about a further increase, though continuous net selling by foreign investors has posed a threat to the market’s growth.

Core inflation this year could increase slightly to roughly 2% from 1.7% last year, the National Financial Supervisory Commission (NFSC) forecast.

The Vietnam Association of Seafood Exporters and Producers has predicted that turnover of the country's seafood exports will reach $7 billion for the year.