Business

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.

Many tourist boats in Khanh Hoa Province’s Nha Trang Bay have continued to operate despite local authority warnings about bad weather.

The capitalization of Vietnam’s stock market was estimated at more than 1,325 trillion VND (58.8 billion USD), equal to 34 percent of the country’s Gross Domestic Products (GDP), this year.

The Ho Chi Minh City People’s Court has handed down sentences to nine defendants related to a financial loss case at a branch of the State-owned Bank for Agriculture and Rural Development.

Amid the recovery of the real estate market, experts have rung early alarm bells about the risk of supply and demand imbalance by the recent boom in high-end housing projects.

The free trade agreement with South Korea is expected to help fuel trade and expand investment opportunities between the two countries.

Businesses in the agriculture sector, especially breeding, will be most vulnerable to the effects of Free Trade Agreements (FTAs) and Trans-Pacific Partnership (TPP) with bigger partners.