Business

Britain's vote to leave the European Union (Brexit) is not expected to have a direct and immediate impact on Singapore's trade, according to observers.

Dohwa Group from the Republic of Korea is scheduled to build a biomass power plant in central Quang Binh province in 2018, said the provincial People’s Committee.

Vietnam hopes the World Bank (WB) will continue to help it cope with challenges, especially climate change adaptation, renewable energy development, education, healthcare, and youngsters’ startups.

The number of unemployed young people aged 15 to 24 was remarkably high for the first six months of the year, accounting for 47 percent of unemployed workers, the General Directorate of Statistics (GDS) said.

Minister of Agriculture and Rural Development Cao Duc Phat asked the agriculture sector to take specific measures to promote its development in a more efficient and suitable manner, contributing to effectuating the National Target Programme on New Rural Development.

The local car manufacturing industry is trying to find a suitable car model which can exploit local production standards and localisation rate while being competitive enough of surviving coming international trade agreements.

Minister of Planning and Investment Nguyen Chi Dung has said the British vote to leave the European Union (EU) would not have immediate impacts on Vietnam, but long-term impacts must be taken into account.

The number of newly-established businesses in the Jan-June period stood at 54,500 with a total registered capital of VND427.8 trillion (USD20.3 billion), up 20% and 51.5% in terms of company number and capital value respectively on-year.

Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.

The national flag carrier Vietnam Airlines launched a new international route linking central Da Nang city and Thailand’s Bangkok on June 26.

Remittances to HCM City in the first half of this year rose 3 per cent year-on-year to US$2.1 billion.

A super financial, trade and urban complex capped off with a 108-storey tower will be built along the Nhat Tan-Noi Bai Highway in Hanoi and is expected to become a driving force for the development of the capital’s north.

More than 800 enterprises in the construction industry are participating in the first Vietbuild Ho Chi Minh City International Expo that officially opened in the city on June 24.

Ho Chi Minh City’s June consumer price index (CPI) increased by 0.8 percent compared to May, according to the municipal Statistics Office.

AirCraft Company Vietnam-Germany GBR has submitted a plan to develop a $200 million solar power plant in central Quang Tri province.

A representative from the Vietnamese tax watchdog said it was important to clarify the legal basis for taxing Uber and Uber taxi drivers in order to prevent tax avoidance.

The consumer price index (CPI) in Hanoi continued to go up in June, the sixth consecutive month of growth, the municipal Statistics Office (GSO) reported on May 22.

The Vietnam International Food Industry Exhibition is scheduled to be held in Ho Chi Minh City from November 16 - 19, aiming to boost the consumption of Vietnamese food in both domestic and export markets.

The Vietnam National Administration of Tourism has just revoked the licence of Silent Bay Travel and Trade Company in Khanh Hoa Province for illegally recruiting foreign staff.