Business

Hankyung Economic Times of the Republic of Korea (RoK) has reported that AON Holdings - a Korean financial group - will take control of Vietnam's tallest building - Keangnam Landmark 72 in Hanoi.

Indonesia signed a $1.3 billion deal with South Korea Thursday to jointly develop Seoul's next-generation fighter jets, the South's aircraft manufacturer said.

HSBC maintains its 2016 GDP forecast of 6.7 percent year-on-year for Vietnam as the dual engine of domestic demand and exports are expected to stay strong.

The Civil Aviation Authority of Vietnam (CAAV) has recently asked domestic carriers including Vietnam Airlines, Jetstar Pacific and VietJet Air to draw up airfare discount plans before January 10, 2016.

The Government has issued Decree No. 135/2015/NĐ-CP stipulating indirect overseas investment.

The Vietnam Beer, Alcohol and Beverage Association estimates that Vietnamese people drank 3.4 billion litres of beer in 2015, up 10% compared to 2014.

Thua Thien-Hue Province has promised to support developers that open new air routes to Phu Bai International Airport.

The Philippine National Food Authority (NFA) is planning to import more rice from Vietnam and Thailand in an effort to have a sufficiency of rice throughout the country this year.

The Saigon Asset Management Corporation, a Cayman Islands exempted company, signed a deal on January 5 that will enable it to become a strategic partner of My Chau Investment Corporation, owner of the My Chau drug store chain.

The Prime Minister has approved a plan to raise the charter capital of Vietnam Expressway Corporation (VEC) under the Ministry of Transport.

Vietnamese dong weakened 10 to 50 dong per dollar at commercial banks after the central bank lowered the dong's reference rate for the first time since August.

Vietjet has launched a three-day long promotion with 50,000 super-cheap fares from zero dong from January 6 to January 8 to celebrate its newest routes.

The State Bank of Vietnam (SBV) has announced the central rate for the VND and the USD at 21,896 VND per one USD for January 4.

The diplomatic sector will continue fostering political relations to provide optimal conditions for the development of economic-trade ties, Deputy Prime Minister and Foreign Minister Pham Binh Minh has said.

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.