Business

Ho Chi Minh City’s authorities pledged to create the best conditions for foreign businesses to expand investment, Secretary of the municipal Party Committee Dinh La Thang confirmed at a meeting in the city on March 16.

The International Monetary Fund wishes to work with Vietnam in its strongest fields, and pledges to provide addition technical assistance to help the country reach macro-economic stability.

Vietnam and India have made significant progress in textile and garment trade last year, said Deputy Minister of Industry and Trade Do Thang Hai.

Deputy Minister of Construction Pham Hong Ha has asked the central bank to extend the disbursement time for the VND30 trillion real estate stimulus package for low-income earners.

The Joint stock commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT Corporation, Petro Vietnam Gas Joint Stock Corporation (PVGas), Vietnam Dairy Products Joint Stock Company (Vinamilk), and Vingroup Joint Stock Company are listed in the Asia300 report,

Despite overseas remittances off to a strong start this year, experts have expressed concerns about “complicated fluctuations” likely at home and abroad.

Vietnam National Oil and Gas Group has proposed to cut fuel tax rate to reduce losses due to decreasing world fuel prices.

Unsettled incompatibility between the provisions of the Investment Law and other regulations continues to impede investors in the legal setup stage.

Homebuyers are worried about a possible hike in interest rates with the terms of the government’s VNĐ30 trillion (US$1.3 billion) property support package ending on June 1 this year.

Hanoi attracted the most foreign direct investment in the first two months of 2016: US$250 million, 13% of Vietnam’s total. The figure is the result of the city’s efforts to simplify administrative procedures and improve its investment environment.

The US has pledged that the implementation of US regulations will not hinder Vietnam’s tra fish exports to the market, said Deputy Minister of Agriculture and Rural Development Vu Van Tam.

Vietnam will surely become the biggest ASEAN trade partner of China in 2016, Economic and Commercial Counsellor of the Chinese Embassy in Vietnam Hu Suo Jin said on March 8.

The government has set targets for economic growth of between 6.5% and 7% and total GDP of between VND30,621 trillion (US$1.37 trillion) and VND31,487 trillion (US$1.41 trillion) over the next five years.

Vietnam is expecting to attract a large volume of foreign direct investment over the next five years.

President Truong Tan Sang and Tanzanian Prime Minister Kassim Majaliwa attended a business forum between Vietnamese and Tanzanian enterprises in Dar Es Salaam city on March 9.

Bangkok Airways will launch its new route between the central city of Da Nang and Bangkok from May 25, the Bangkok Airways Public Company Limited told Bizhub.vn in an email on March 8.

The Airports Corporation of Vietnam (ACV) plans to sell some 166 million shares to French airport authority Aéroports de Paris (ADP), which is set to become a strategic investor.

Taxi company Uber Vietnam has recently announced that it has cut the fare of its UberX service in HCM City by 15 percent.

Authorities of Ho Chi Minh City held a meeting with businesses in the city to listen to and discuss unresolved issues and proposals.