Business

The Ministry of Defence will hand over 20 hectares of land near Tan Son Nhat International Airport to the Ministry of Transport for an airport expansion, said an official.

Hundreds of foreign tourists arrived in Viet Nam on the first day of 2016, promising a busy season for the tourism industry in the Year of Monkey.

Foreign direct investment in the local real estate sector is expected to rise in 2016 given the positive property development outlook.

The central bank will likely adopt a flexible daily reference rate, instead of issuing fixed trading bands in 2016, and possibly imposing fees on dollar-denominated savings in a bid to reduce dollarisation.

Bank for Investment and Development of Vietnam, the country’s third-largest lender by assets, is seeking governmental permission to cooperate with France’s Aeroport de Paris to jointly invest in Airports Corporation of Vietnam.

Experts have said any adjustments in monetary policies should be carefully considered with great attention being given to inflation, as low inflation will create room for interest rate cuts.

The Vietnam Information Technology Press Club announced the top ten domestic information and communication technology events of 2015.

Growing demand for air travel during national holidays, especially the lunar New Year (Tet) has heated up competition in Vietnam’s aviation sector.

Many Vietnamese businesses are completely unaware of the implications of the country's impending international agreements, including the Trans-Pacific Partnership (TPP) and ASEAN Economic Community (AEC), according to a study.

Three estates of former vice chair of ACB Bank, Nguyen Duc Kien, who was sentenced to 30 years in prison for fraud, tax evasion, illegal trade, will be auctioned by the state to recoup the losses.

The Ministry of Finance has announced that Vietnam's public debt to GDP ratio in 2015 would reach 61.3%, marginally up on last year 59.5%.

Samsung group has decided to raise investment capital for its electronics facility in Ho Chi Minh City, the Samsung CE Complex (SEHC) project from USD1.4 billion to USD2 billion.

Vietsovpetro, a Vietnam-Russia oil and gas joint venture, cut its production cost of each oil barrel by 24.3 percent (7.6 USD) to 23.7 USD in 2015.

The National Financial Supervisory Commission has forecast that Vietnam’s economy will expand by 6.7-6.8% next year, slightly lower than 2015, with inflation running at 2-3%.

Foreign direct investment (FDI) registered in Viet Nam saw a year-on-year increase of 12.5 per cent in 2015 to reach US$22.76 billion, data from the General Statistics Office (GSO) revealed.

Hanoi Police have arrested eight people who involved in scamming huge numbers of customers at two petrol stations in the city.

China’s Yunnan Lucky Air on December 28 announced the launch of a direct flight between Kunming city in southwest China’s Yunnan province and Nha Trang city, Vietnam's southern central of Khanh Hoa province.

A pilot concentrated livestock production zone was inaugurated in Gia Tan 2 commune of Thong Nhat district, southern Dong Nai province on December 28, the first of its kind to be funded by the World Bank (WB) in Vietnam.

The national economy continued recovery in 2015 with the GDP estimated to expand 6.68%, the fastest pace in eight years, highlighted Minister of Planning and Investment Bui Quang Vinh.