Business

Ho Chi Minh City expects to welcome a new wave of investors from the United States once the Trans-Pacific Partnership takes effect, Vice Chairman of the municipal People Committee Le Thanh Liem said on March 7.

Vietnam Airlines’ spokesperson Le Hoang Dung said the national flag carrier was planning to privatise VASCO - Vietnam Air Services Company.

A representative of China Railway 6th Bureau Group, the principal contractor of the Cat Linh-Hadong metro line in Hanoi, attributed the delay in the completion of the project to financial issues.

The US Department of Agriculture has announced a list of foreign catfish farms from four countries eligible to export their products to the US under the USDA inspection program for Siluriformes fish including tra and basa fish.

The construction ministry recently issued a circular on the management and use of apartment buildings, which is expected to improve the relationship between residents, investors and the building's management boards.

A recent hike in deposit interest rates offered by commercial banks will not likely lead to a raise in lending rates. Economists and policymakers expect them to decrease soon.

The world's population of super rich shrank by three per cent last year as a more volatile financial climate and the continued fall in oil prices dented their wealth.

Vietnamese real estate developer PPC An Thinh Danang Joint Stock Company (PPCAT) has launched the implementation of its five-star hotel and luxury apartment complex project “Anh Duong-Soleil Danang”.

Taiwan (China) and the Republic of Korea (RoK) have been the leading foreign investors in the southern province of Dong Nai with investment capital surpassing 5 billion USD, according to the provincial Department of Planning and Investment.

Le Dinh Quang, deputy head of the labour relationships department under Vietnam's Federation of Labour said the rising number of strikes after Tet is a result of firms avoiding higher minimum wages.

The ADB’s Trade Finance Programme and the HDBank and SHB signed agreements enabling the programme to provide guarantees of up to USD100 million a year to support trade finance in Vietnam.

Hai Phong needs to have a clear investment mechanism and select projects with practical benefits for both investors and the locality, President Truong Tan Sang said while visiting the northern port city yesterday.

Some commercial banks have continuously increased interest rates to attract depositors, setting a record two-year high of 8 percent per year.

A large four-star resort has been illegally built in Hanoi's Ba Vi District, yet the local authorities claim they had no knowledge of the project.

Under the chair of PM Nguyen Tan Dung, the Government convened its monthly regular meeting to review the socio-economic performance in 2015 and in the first two months of 2016.

The development of a taxpayers' database is necessary to improve the management of tax agencies and prevent tax evasions, such as transfer pricing, according to Deputy Minister of Finance Do Hoang Anh Tuan.

Banking assets by the end of 2015 rose 12.35 percent year-on-year to more than 7,319 trillion VND (332 billion USD) thanks to the improved business performance of most of the credit institutions.

The Quang Ninh International Airport will open and welcome its first flight by the end of 2017, authorities in the northern province of Quang Ninh said.

Vietnam enjoyed a trade surplus of 684.6 million USD from mid-January to mid-February with export turnover of more than 17.03 billion USD and import value of over 16.3 billion USD, according to the General Department of Vietnam Customs.