Business

Vietnam is the second biggest investor in Laos according to a report from the Ministry of Planning and Investment.

From July 2017, Vietnam would no longer receive preferential loans in the form of official development assistance, a finance department official said.

Large banks have followed smaller banks in raising short and medium-term rates in the first two months of this year.

Vietnamese investors are expecting more transactions from State-owned enterprises' equitisation rather than by private/family firm owners, Grant Thornton Vietnam's latest survey said.

The NA Economic Committee has proposed the legislative body should apply a special mechanism for construction of the USD16-billion Long Thanh International Airport Project.

On March 18, the Ho Chi Minh City Department of Food Safety issued a fine of VND146 million ($6,549) to South Korean fast food store-Lotteria Vietnam and three of its restaurant units due to violating food safety regulations, according

The prices of RON 92 petrol and E5 bio-fuel increased 670 VND and 570 VND per litre, respectively, as of 4:30 p.m. on March 21.

Deputy PM Nguyen Xuan Phuc presented a string of measures to promote socio-economic development in the 2016-2020 period at the 11th session of the 13th National Assembly in Hanoi.

Nguyen Minh Phong from the Hanoi Socio-economic Development Institute has called on the government to compensate the public who have been paying high petrol prices due to lax management that led to tax difference.

International branding experts have damned Vietnam’s national brand building efforts at a recent meeting in Hanoi.

Helping farmers gain access to loans not only helps to reduce interest rates, but also lifts the technical barriers in credit programmes and improves their business competitiveness.

Vietnamese people are spending three times as much money on food as they did in 2004, according to the General Statistic Office.

The Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) plan to run the first-ever derivatives market by the end of this year, said HNX on March 16.

An exchange was held in Osaka, Japan on March 17 to connect Japanese enterprises and Vietnamese students.

Despite the government's efforts to minimise the dollarisation of the economy, the public have continued making deposits in US dollars because of fear over inflation and unstable policies.

To enter summer vacation 2016, the national flag carrier Vietnam Airlines and budget airline Vietjet Air have recently launched promotions with special fares for passengers.

Apple may invest $1 billion in Vietnam to build a research and development centre for the entire Asia region.

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.