Business

Low-cost carrier Vietjet Air will introduce a new flight route from Hanoi to Taipei, Taiwan (China) starting February 1, reported Ha Noi Moi newspaper.

Domestic small- and medium-sized enterprises would enjoy many benefits from the Trans-Pacific Partnership and Vietnam-EU Free Trade Agreement, said economist Pham Chi Lan.

The Hanoi General Statistics Office has announced that the capital’s consumer price index in January increased by 0.12% month on month and by 1.19% year on year.

Vietnam and the EU finished their fifth round of negotiations on the Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance and Trade, with sound outcomes, as heard during a press conference held on January 22.

Airports Corporation of Viet Nam has sought permission from the Ministry of Transport to commence negotiations with French group Aeroports de Paris (ADP), the potential partner in the firm.

Taxi companies in Hanoi which have less than 50 cars will have their licences revoked after January 31, 2016, according to the municipal Department of Transport.

Capital from regional neighbours into Vietnam is increasing, the Ministry of Planning and Investment's Foreign Investment Agency said.

The HCM City Real Estate Association has proposed lower lending rates for social housing projects as part of efforts to make the properties more attainable for low-income earners.

The State Bank of Vietnam (SBV) would consider allowing some ailing financial companies and people's credit funds to declare bankruptcy this year, according to Deputy Governor Nguyen Phuoc Thanh.

Concerted efforts are needed to improve the operational efficiency of the No 5 seaport system, particularly the Cai Mep–Thi Vai Port in the southern province of Ba Ria-Vung Tau, to make it a regional entrepot in the future, a

The low-cost carrier Vietjet Air has officially opened three new domestic routes, in order to meet travel demands during the Lunar New Year season.

The Ministry of Transport has requested all transport companies to lower their charges within five days following a fall in petrol prices.

Vietnam's economy is forecast to expand 6.7% this year, the same pace as in 2015, making it among the fastest-growing markets in the world, according to Bloomberg.

Support policies for small-and medium-sized enterprises in Vietnam remain weak while the number of SMEs accounts for more than 90% of businesses in the country, said Yasuzuki Hirotaka, chief representative of the Japan External Trade Organization.

The US Department of Commerce has postponed announcing the result of an anti-dumping tax review on Vietnam's exports of frozen tra.

The Lunar New Year (Tet) festival bonus is expected to increase 15.7 percent from last year, averaging 5.53 million VND (250 USD) per worker, according to head of the Ministry of Labour, Invalids and Social Affairs’ Labour and Wage

Fuel prices have dropped to VND15,442 (US73 cents) a litre, the lowest in six years.

Vietnam's luxury hotel sector is undergoing strong growth, with several projects under construction adding thousands of rooms to the market, notably at the resort development of Phu Quoc.

The State Bank of Vietnam has issued strict regulations on the establishment and operation of remittance companies under commercial banks in order to better manage money transfer services.