Business

Two Thai billionaires want to buy Big C Supermarket in Vietnam, with plans to develop it into a Southeast Asian chain.

Recent rises in deposit interest rates are small and thus do not affect lending interest rate, according to the State Bank of Vietnam.

Japan’s biggest air transport group All Nippon Airways is going to become Vietnam Airlines’s strategic partner after buying 8.8 per cent of the latter.

Although the amended Law on Social Insurance 2014 is expected to benefit labourers, domestic and foreign firms are concerned about growing production costs caused by increased social insurance payments.

Vietnam hopes to welcome 8.5 million foreign visitors and 60 million domestic travellers in 2016, earning a total of 370 trillion VND (16.8 billion USD) in revenue, heard a conference in Hanoi.

Diplomatic notes were sealed in Hanoi on January 15, concerning the first batch of Japanese Official Development Assistance (ODA) worth more than 95 billion JPY for Vietnam in fiscal 2015.

60% of the world’s population remains excluded from the ever-expanding digital economy, said a new World Bank (WB) report.

The Department of Tourism in HCM City will strengthen management and inspection of travel and hospitality companies to ensure an attractive and safe tourism environment, La Quoc Khanh, deputy director of the department, has said.

The Ministry of Construction (MoC) has set the target of raising average living space per person to 22.6 square metres this year, an increase of 0.6 square metres against the figure of 2014.

Local retail petrol prices could be adjusted daily instead of every fortnight in the future, Do Thang Hai, Deputy Minister of Industry and Trade, said.

Bonuses for the Tet lunar new year may be slightly higher this due to the country's brisk GDP growth and improved business conditions, said an official from the Ministry of Labour, Invalids and Social Affairs.ocial Affairs.

Vietnam was forecast to reach an economic growth rate of 6.6 percent in 2016 just behind India with 7.4-percent growth, said economists in the survey on the world's worst-performing economies in 2016 carried out by Bloomberg.

The Jet Airliner Crash Data Evaluation Centre (JACDEC) in Germany on January 12 listed Vietnam’s national flag carrier -- Vietnam Airlines --among the top 60 safest airlines in the world.

Economists and experts said a proposal to ask local shops to stay open through Tet holiday was unfeasible.

President Truong Tan Sang met with a delegate of small and medium-sized business owners, who represent some 62,000 members of the Vietnam Association of Small and Medium Enterprises in Hanoi.

The Civil Aviation Authority of Vietnam has recently proposed that the Ministry of Transport recommend Aerospace Engineering Services JSC to be Airbus Group’s partner in building a facility to produce spare parts for aircraft.

Minister of Finance Dinh Tien Dung said that one of the key tasks that his ministry will fulfill this year is to balance the state budget.

Vietnam received 12.25 billion USD in remittances in 2015, the Sai Gon Giai Phong (Liberated Saigon)’s newspaper reported.

Phu Quoc, 40 kilometres west of southern Kien Giang province, is the biggest island in Vietnam where hospitality investment has shaken up the emerging real estate sector here over the past few years.