Business

Many people in Hanoi have been rushing to buy gold today, February 17, on what is the God of Wealth Day, as they believe it provides good luck in the new lunar year.

Local banks are seeing increasing number of deposits after the lunar new year as many people believe opening a new account provides good luck.

Casino Group is set to sell its stake in Big C Supercenter PCL to the TCC Group, one of Thailand's leading conglomerates, for 3.1 billion euro (US$3.46 billion).

Hanoi and Ho Chi Minh City are considered the most investor-friendly cities among 10 Asian destinations, as surveyed by the Korea Institute for Industrial Economics and Trade.

The Vietnamese property market is entering 2016 after witnessing recoveries of firms in 2015, driven by macroeconomic improvements and policies of openness.

Domestic commercial banks plan to recruit thousands of employees this year to boost development and seize new opportunities, business news website cafef.vn reported.

The recovery of the property market along with many open policies and incentives have created favourable conditions for real estate corporations with strong financial resources.

The Vietnam National Shipping Lines (Vinalines) announced its plan to deal in shipping in 2016, including selling and transferring 13 ships.

Vietnam and the US have made great strides in their strategic partnership over recent years and there have been many positive developments that lead to the broader promise of deeper cooperation in trade and investment for years to come.

Small and medium-sized enterprises (SMEs) can borrow up to 70 per cent of the capital they need for investing in supporting industries prioritised by the government from February 22.

The prices of vegetables and live seafood at many markets has doubled or tripled in the immediate period following the lunar new year holiday.

The World Bank is now embarking on a process to design its next strategy to support Vietnam in implementing the 2016-2020 socio-economic development programme and achieve the set objectives in the period.

Vietnam is forecast to continue maintaining high economic growth in 2016, according to some international organisations.

Seven companies from Indian group Tata Sons plan to focus on Vietnam and Myanmar as key markets, reported The Economic Times and International Business Times.

The Indonesian Anti-Dumping Committee (KADI) has announced it will conduct a hearing on the administrative review of the anti-dumping duty (AD) order on cold rolled steel sheets imported from Vietnam, Taiwan, China, the Republic of Korea and Japan.

Interest rates will likely increase again this year, after remaining at the low levels of 2006 for the past few years, experts forecast.

Domestic enterprises in the retail industry should strengthen their connections to take better advantages of resources and increase their competitiveness over foreign investors, Chairman of the Hanoi Supermarket Association Pham Vinh Phu said.

One of the measurements of development in Vietnam, as in any country, is the level of foreign direct investment (FDI) say economists, because it represents a long-term commitment by foreign companies to the economy.

Vo Huy Cuong, deputy director of the Vietnam Civil Aviation Administration shared his thoughts about the ASEAN Open Skies policy with Dan Tri.