Business

Tourism will be Vietnam's key industry by 2020, a government minister said.

Plans for the development of the Mong Cai economic zone in the northern province of Quang Ninh on the Chinese border have been released.

Member countries of the Trans-Pacific Economic Strategic Partnership will remove tariff on between 78-85 percent of tariff lines for Vietnamese goods immediately after the TPP takes effect, possibly in 2018, according to the Ministry of Finance.

Vietnamese banking officials and experts have warned of risks to investors involving a new and illegal digital currency called ILCoins.

Many real estate investors in HCM City have been boosting their cooperation with foreign partners to better lure overseas customers.

Commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market, according to Dau tu (Investment) newspaper.

US Harbinger Capital Partners on November 6 announced that it expended US$50 million to date on its US$1 billion share of the US$4.2 billion Ho Tram Strip real estate project in Ba Ria-Vung Tau province.

The Ministry of Finance yesterday officially announced the list of goods which would enjoy tax reduction when the Trans-Pacific Partnership (TPP) is signed and comes into effect.

Vietnamese remittances from overseas to HCM City, one of the country's leading destinations for remittances, hit US$3.7 billion by the end of October, a year-on-year increase of 13 per cent.

The United States Department of Commerce (DOC) announced a preliminary decision on its 11th administrative review (POR 11) of anti-dumping duties on tra (Pangasius) fish imported from Viet Nam.

Vietnam and the other 11 members of the Trans-Pacific Partnership (TPP) agreement released the full text of the pact in English.

Vietnam Oil and Gas Group is seeking approval to lower tax rates at Dung Quat Oil Refinery because of a lack of competitiveness against imported fuels.

A recent Nielsen report has revealed that 89% of Vietnamese consumers follow word-of-mouth recommendations from people they know when it comes to brands.

Foreign arrivals to Vietnam reached more than 6.33 million in the first ten months of this year, a decrease of 4.1 percent year-on-year, announced the Vietnam National Administration of Tourism.

Five months after being approved by legislators, the Long Thanh Airport project is now working on solutions regarding site clearance and resettlement of local residents.

US businesses have presented an antidumping and counterveiling duty petition to the US Department of Commerce (DOC) and the US International Trade Commission (ITC) against circular welded carbon steel pipes (CWP) imported from five countries, including Vietnam.

The People's Committee of Lam Dong Province is calling for help from the Vietnam Tea Association as the tea sector is facing great difficulties in export sales.

The Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade set a goal to get 30 percent of Vietnamese people shopping online by 2020.

In terms of total downloads of videos, the biggest country for YouTube is still far and away the US, however it has seen big gains in viewer and subscriber growth in Vietnam over the past year.