Business

The Ministry of Transport will begin construction of the Long Thanh International Airport project in 2019, and it should begin operating by 2023.

The State Bank of Vietnam took over Global Petrol Bank on July 7, after the bank failed to meet a deadline to have secured legal capital requirements.

The Korean Chamber of Business wants to build a large wholesale market to connect local producers with buyers in Seoul and other cities in northeast Asia, including Tokyo and Beijing.

Real estate developers and brokers in HCM City are misleading investors with false information to promote sales.

Ho Chi Minh City has enjoyed a boom in foreign direct investment since early this year, luring 300 new projects totally capitalized at more than US$2 billion.

Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington.

The contours of a new, improved partnership between Vietnam and Japan are beginning to emerge on the second day of a three-day working visit by Prime Minister Nguyen Tan Dung to Japan.

Remittances from overseas Vietnamese to HCM City for the first half of this year are estimated to hit US$2.6 billion, 18.2% higher than the level recorded during last year’s period.

Vietnam Electricity has dismissed complaints about recent power price rises, insisting its pricing mechanism is transparent and in accordance with the law.

Novaland Group launched a programme called “the 100 first apartments for Vietnamese overseas and foreigners” on July 1, the day the revised Law on Housing takes effect.

Foreigners can buy houses in Vietnam under a new law that takes effect July 1, a move greeted as positive news for the local real estate market.

Central Quang Binh province started work on a US$13.7 million project in Bo Trach district to supply solar power to remote areas outside the reach of the national grid.

The WB approved USD238m in financing for the government’s agriculture restructuring plan aimed at increasing prices of Vietnam’s rice and coffee exports.

Cafe owners in Hanoi say they are losing money to customers who linger at their tables to escape the summer heat.

The purchasing power of Vietnam posted a four-year high in the first half of this year due to low inflation.

The nation’s demand for electricity is forecast to increase two-fold over the next six years primarily fuelled by economic growth, according to speakers at a recent meeting in HCM City discussing the EU-Vietnam free trade agreement.

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.