Business

The real estate group Vingroup on December 26 inaugurated its Vinmec Central Park International Hospital at the Vinhomes Central Park in Binh Thanh district, Ho Chi Minh City with a total investment of VND1.2 trillion (US$52.8 million).

Car sales in Vietnam have increased in the run-up to the Lunar New Year.

Overseas Vietnamese (OVs) remittances to the homeland have steadily risen by roughly US$1 billion annually over the past few years and the trend is forecast to continue into the foreseeable future, reports Vietnam News' BizHub.

Vietnamese bought record amounts of goods from China in 2015, pushing the trade gap to a historic high, according to the latest statistics from the General Statistics Office (GSO).

Connecting overseas Vietnamese (OV) investors with small and medium enterprises in Ho Chi Minh City will be one of the southern hub’s top priorities to prepare for the international integration, especially when free trade agreements come into effect.

The average growth of the CPI in 2015 was 0.05 per cent per month, the lowest increase in 14 years, an official from the General Statistics Office said.

After five years of surveying and researching Vietnam market, Emart - the leading Korean retailer under Shinsegae group will officially launch the Emart hypermarket for the first time in Vietnam on December 28.

Thailand is one of top ten foreign investors in Vietnam with 300 valid projects, reported a recent Vietnam-Thailand trade and investment promotion workshop in HCM City.

Authorities in the central city of Da Nang have fined two local shops that only serve Chinese and South Korean customers.

Domestic and foreign companies are vying to invest in the Airports Corporation of Viet Nam (ACV), a State-owned company of the Ministry of Transport managing 25 airports across Viet Nam.

Toyota Motor Vietnam (TMV) has begun recalling 3,810 made-in-Vietnam Vios cars to check and replace the inflator module of the front passenger airbag.

Vietnam consumer confidence in December reached a record high of 144.8 points in December, up 2.5 points on November, according to a survey by ANZ bank.

Improved macro-economic conditions and limited vacancies will make office rental costs in Ho Chi Minh City to head upwards while the prices in Hanoi remain steady, Savills Vietnam announced.

The capital city Hanoi has welcomed around 3.4 million foreign visitors since the beginning of this year, an increase of 12% over the same period last year.

Ho Chi Minh City’s consumer price index in December fell by 0.11 percent over the previous month and 0.2 percent against the same period last year.

Vietnam is expected to attract more foreign investment next year and in the future due to the opportunities and advantages resulting from free trade agreements, according to experts.

State Bank of Vietnam (SBV) Governor Nguyen Van Binh has issued a license for the Siam Commercial Bank Public Company Limited (Thailand) to open a branch in Ho Chi Minh City, according to a company spokesperson.

Vietnam's exports, especially agro-forestry and fisheries, will face difficulties in 2016 if the country does not drastically restructure the industry, Tran Tuan Anh, deputy minister of Industry and Trade said.

Footwear exports are estimated at US$1.05 billion in November, up 10.2% against last year’s figure. This brings the total export revenue in 11 months to nearly US$11 billion, an increase of 16.3% against the corresponding period last year.