Business

The development of the foreign direct investment (FDI) sector and the domestic business sector next year need to be better balance, Head of the Central Economic Commission Vuong Dinh Hue said.

Japan has just transfered tuna fishing technology and equipment to Binh Dinh fishermen.

The 15th International Agriculture Trade Fair (Agro Viet 2015) will be held in Hanoi between November 6 and 9.

The low-cost carrier Vietjet Air will launch two new air routes linking Nha Trang to Hai Phong and Vinh to Buon Ma Thuot, announced the company on October 30.

The Asia Fashion Summit 2015 (AFS 2015), and an international exhibition on fashion and materials for the garment industry, are scheduled to take place in Hanoi in the next month.

The United Kingdom wishes to further cooperate in specific projects with Vietnam in general and Ho Chi Minh City in particular, said Lord David Puttnam, the UK Prime Ministerial Trade Envoy to Vietnam, Cambodia, Laos, and Myanmar.

The Ministry of Finance announced the establishment of the Office for Transfer Pricing Inspection under the General Department of Taxation.

The World Bank has ranked Vietnam 90 out of 189 countries in its latest report on the ease of doing business globally; also known as the Doing Business report.

Foreign investors have pumped more than US$19.292 billion in 1,657 new and 667 existed FDI (foreign direct investment) projects in the first ten months of this year, a rise of 40.8% against the corresponding period last year.

The Ha Noi Transport Association has suggested that Uber and Grabtaxi services should be suspended to ensure equal competition between them and the normal taxi firms.

Vietnam's consumer price index (CPI) in October inched up 0.11 per cent from September, the same as last year's corresponding period, the General Statistics Office (GSO) announced.

The trial of six Viet Nam Railway Corporation (VNR) officials accused of abuse of power while performing their duties, commenced at the Ha Noi People's Court on October 26.

The Vietnam National Coal and Mineral Industries Group (Vinacomin) will start to import between 2 million and 3 million tonnes of coal in 2016.

The Vietnam Assets Management Company has issued special bonds to purchase over 92 trillion VND worth of bad debts from the beginning of this year, according to Nguyen Quoc Hung – Chairman of VAMC’s member board.

The Japanese government recently announced that tariffs on all vegetable and most fish and seafood imports will vanish under the Trans-Pacific Partnership trade deal recently secured by Vietnam, Japan and 10 other countries.

Some commercial banks have increased interest rates on Vietnamese dong (VND) deposits between 0.2 percent and 0.4 percent per year, making it the fourth rise since August this year.

Indonesian President Joko Widodo has given the green light for rice import from Vietnam and Thailand in a bid to cater for domestic consumption and stabilise prices.

Even though Vietnam has a long coastline, the country is still struggling with how to best exploit these advantages in developing a more developed maritime economy.

Vietnam is attending the 30th Trade Expo Indonesia 2015 in Jakarta from October 21 to 25, which attracted businesses from many countries across the world.