Business

British Virgin Islands (BVI) is an archipelago of about 153 km2, with GDP of more than US$1 billion but businesses registered here have invested US$19.3 billion into Vietnam.

PM Nguyen Xuan Phuc on May 12 launched the construction of Hai Phong Container International Terminal in the northern port city of Hai Phong.

The State Bank of Vietnam (SBV) has entrusted relevant agencies to closely scrutinise the Panama Papers and act on the information in accordance with the country’s legal regulations.

A USD114.2 million bio-fuel plant in the northern province of Phu Tho has been left unused for years.

Vietnam's low cost airline, Vietjet Air, has announced that it will open a new domestic route connecting Nha Trang (Khanh Hoa) and Thanh Hoa on June 6.

A United Arab Emirates business forum was attended by over 80 Vietnamese and 20 the UAE enterprises on May 11 in Hanoi. The event discussed agriculture, infrastructure and real estate opportunities.

The Department of Natural Resources and Environment has issued a fine of VND637 million ($28,423) on Taiwanese textile producer MeiSheng Textile Vietnam Company (MeiSheng) in the southern province of Ba Ria-Vung Tau, due to its discharging untreated wastewater

The Vietnamese Government pledges to continue comprehensive economic reform, affirmed PM Nguyen Xuan Phuc.

Despite the resignation of Icelandic Prime Minister and Spanish Industry, Energy and Tourism Minister following the leaked Panama Papers, it appears there is little appetite to follow up potential tax evasion involving Vietnam-based businesses.

On May 10, the Ministry of Transport announced the decision to recognise Cat Bi in the northern port city of Hai Phong as an international airport— marking a new chapter in the region’s economic development.

As many as 189 individuals and companies in Vietnam were named in the Panama Papers after the ICIJ publicised information from the world's biggest data leak.

The Directorate for Roads of Vietnam has suggested that Uber and Grab taxis should have signs on their cars to differentiate them from conventional taxis.

Jetstar Pacific Airlines has launched two new routes connecting Hanoi with Chu Lai and Quy Nhon in the central provinces of Quang Nam and Quy Nhon, respectively.

The Tra Vinh People’s Committee has licensed Korean investor Woojin Construction Co., Ltd. to develop the $247.6 million second phase of the Korea-Tra Vinh wind power farm in Duyen Hai town.

The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.

Diamond Island's residents and visitors can now use a water taxi service to travel from the island in HCM City's District 2 to Mong Bridge in District 1.

Hanoi Department of Culture, Sports and Tourism has decided to fine the Tran Anh Company which runs electronic goods stores USD1,920 for employing promotional girls wearing bikinis to greet customers.

Japan has pledged US$2.5 billion of official development assistance funding to support infrastructure modernization and climate change projects in Vietnam as well as human resources, learning and skills development.

The Ministry of Finance said that Vietstar Airlines has not yet met the capital requirement to get a licence for providing passenger and goods transport services.