Business

Transport Minister Dinh La Thang has said that Vietnam will not sell Phu Quoc airport and will only transfer the rights of exploitation.

Consumers in Vietnam show a strong affinity for brands investing in new product development and are among the most likely regionally to try new product offerings, according to a report released by a global performance management company.

Over the past few years, there has been an ever widening disparity between the import-export statistics released by Vietnamese and Chinese trade officials, specifically as it relates to cross border trade.

The disbursement of foreign direct investment (FDI) in the first half of the year reached 6.3 billion USD, up 9.6 percent from a year ago.

More than 56,000 completely built units (CBUs) of automobiles were imported during the first half of this year, an increase of 30,000 units over the same period last year.

China is expected to import more than US$10 trillion in goods and services and invest US$500 billion abroad in the next five years, offering opportunities for Vietnam and other countries in the Asia-Pacific region.

Trade between Vietnam and the US has grown exponentially under a bilateral trade pact that went into force in late 2001 and totalled nearly US$11,035 billion as the end of February this year.

Exports for the agriculture, forestry and aquatics sector for the six months leading up to July were down 2.8% year-on-year to US$14.42 billion, according to the latest monthly report of the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s foreign direct investment (FDI) fell in the first six months of the year to its lowest level in more than four years, in the latest sign of an increasingly cautious outlook from foreign business.

Licenses and permits will be withdrawn from stalled or abandoned high-rise property projects across Hanoi because they inhibit development in the city.

Microsoft, a member of the Business Software Alliance, took legal action against the South Korean-owned Trimmers Vietnam Co for using pirated software, demanding compensation of VND748m.

The VND336.7 trillion (US$16 billion) construction project of an international airport in the southern Dong Nai Province was approved by a majority of the National Assembly deputies this morning.

The Ministry of Construction (MOC) has proposed using preferential loans from official development assistance (ODA) to build social housing projects.

High-rise buildings and apartments are crowding small alleyways and residential areas, investors ignoring the huge pressure they are putting on already weak infrastructure.

A conference was held on June 23 in Hanoi to review the Vietnam Development Partnership Forum (VDPF) 2015.

HCM City will invest VND97 trillion for construction of the city's Metro Line No 4, which will run from Ben Cat Bridge in Go Vap District to Nguyen Van Linh Street in District 7.

Companies are caught in a maze of thousands of rules and irrational fees which are hindering their development and competitiveness.

Hanoi’s consumer price index, an indicator of inflation growth in the city, grew by 0.13 percent in June from the previous month and 0.98 percent against the same month last year, buoyed by the increase in petrol prices.

Vietnam is the second largest textile and garment exporter to South Korea, making up one-fourth of South Korea's garment market, after China.