Business

The central city of Da Nang has set targets of raising its industrial production value by 11-12 percent and the city's industrial production index by 10.8 percent in 2016.

The Vietnamese retail market has seen some mergers and acquisitions between foreign and Vietnamese enterprises, thanks to the huge development potential of the retail sector.

The State Bank of Vietnam on February 5 announced the central rate for the Vietnam dong against the US dollar at 21,861 VND per USD, a drop of 15 VND compared to February 4.

The legally verified text of the Trans-Pacific Partnership, which supersedes the version released on November 5, 2015 is now available, reports the Ministry of Industry and Trade.

Up to 226 cases of illegal firecracker smuggling nationwide have been recorded since last November with a total 11,500 kilos of different kinds of firecracker confiscated, according to the Ministry of Public Security.

The national flag carrier Vietnam Airlines is planning to lease 20 A321 NEO Aircraft in the period from 2018 to 2020.

The total state budget revenue in January was 95 per cent of the revenue year-on-year due to about 66 per cent fall in crude oil revenue, the finance ministry said.

Forbes recently ran an article entitled “Vietnam – the quiet economic success story of Asia”, hailing positive changes in Vietnam’s economy.

Vietnamese enterprises are ready to bring into full play the opportunities as well as face the challenges brought by the Trans-Pacific Partnership (TPP) agreement, which was officially signed on February 4.

Associate Professor and Doctor Hoa Huu Thu, a former lecturer at the Hanoi University of Science has speculated that additives added by manufacturers to fuel might be the culprit killing luxury car engines in HCM City.

The trade ministers of the 12 signatory countries signed the Trans-Pacific Partnership agreement this morning in Auckland, New Zealand.

The retail prices of petrol have been slashed for the third time this year, down to below VND15,000 per litre following a joint decision by the Ministry of Finance and the Ministry of Industry and Trade.

The net sale of shares worth 1.25 trillion VND (56.2 million USD) by foreign investors in January contributed significantly to the decline of the stock market last month, data collected by two local bourses.

The full text of the free trade agreement between the European Union (EU) and Viet Nam was made public on Monday, following the conclusion of the negotiation process in December.

Vietnam needs proper measures to turn opportunities created by the Trans-Pacific Partnership (TPP) agreement into reality and cope with any difficulties, an official has said.

Tour boat operators on Ha Long Bay are outraged at a move by local authorities to ban about 25 percent of vessels from working the waters.

Vietnamese and Australian businesses explored trade and investment opportunities that will be created by the Trans-Pacific Partnership Agreement during a forum held in Sydney.

Prime Minister Nguyen Tan Dung accepted the proposal of the Shipbuilding Industry Corporation (SBIC) to sell 70 per cent of Damen Song Cam Shipyard to the Netherlands' Damen Shipyards Group.

Vietnam has invested in upgrading its electricity transmission lines in preparation for importing power from Laos, according to the National Power Transmission Corporation.