Business

The HCM City administration wants the Government to seek approval from the National Assembly for Metro Line No 5 linking Bay Hien Intersection in Tan Binh District with Sai Gon Bridge in Binh Thanh District.

Last year, foreign direct investment (FDI) in real estate accounted for 40% of Vietnam’s total foreign investment.

Users of bank ATMs may face increased charges due to moves by tax authorities to impose VAT on ATM transactions.

Suitable incentives were essential to enhancing the competitiveness of enterprises in the support industry to develop the domestic automotive sector, one official has said.

Vietnam is to receive several FDI projects worth tens of billions of US dollars this year, with Samsung reportedly considering shifting LCD production from South Korea to either China or Vietnam.

Hanoi has devised a number of incentives to encourage hi-tech and sustainable agriculture development.

The State Securities Committee has fined several companies which had failed to register themselves with the SSC and the Vietnam Securities Depository in time for trading, further action will also follow, stockbiz.vn has reported.

Fruit growers in the Mekong Delta region are getting less for their harvest while consumers are paying more because there are too many middle-men in the supply chain and growers lack adequate planning for their production.

The State budget revenue in the first four months of 2015 was posted at USD14.4 bn, equivalent to 34.5% of estimated figures for the whole year and up 9.4% on year, according to the Ministry of Finance.

Party General Secretary Nguyen Phu Trong recently led a delegation of party leaders and cabinet ministers to China on a four-day trip that ended April 10 aimed at mending fences with Vietnam’s largest trading partner.

Dotted by charming small towns from the mountains to the west and the ocean to the east, Vietnam is renewing efforts to tap its natural resources to help drive tourism in the central region.

The National Office of Intellectual Property of Vietnam (NOIP) has announced new statistics on Vietnamese innovation that analysed the nation’s patent and trademark trends in 2014.

Ho Chi Minh City is developing a system of seaports to facilitate trade activities between the city and its vicinity.

Vietnam is grappling with inefficiencies as it works towards the equitisation of State-owned enterprises (SOEs).

Construction of an international passenger port that can accommodate giant cruise liners carrying 5,000 - 6,000 passengers and 20,000-tonne cargo ships began on Phu Quoc Island on Wednesday (29 April).

The total revenue from retail trade and services reached approximately US$48.5 billion during the first four months of this year, the General Statistics Office (GSO) said.

The first metro line in HCM City will become operational in 2020 and will greatly impact the city's property market, a CBRE Viet Nam report released on Wednesday in HCM City revealed.

A number of hotels in the northern mountain province of Lao Cai have been fined for charging exorbitant prices online -- more than USD1,000 a night -- during the national Reunification Day and May Day Holiday, a local official said.

Ho Chi Minh City has granted investors a licence to develop the "Saigon Silicon City" in the Saigon Hi-Tech Park (SHTP).