Business

The US continues to be the biggest importer of Vietnamese goods in the first four months of this year, buying 9.93 billion USD worth of products, posting a yearly rise of 15.7 percent, according to statistics of the General

The Ministry of Health has advised the public that reports that rice made from plastic has reached Vietnam remain unverified.

Indonesia – a kaleidoscope of culture and lifestyles – is now emerging as Southeast Asia’s largest economy creating many bright spots for Vietnamese investors in the fast moving consumer goods (FMCG) sector.

South Korea's National Assembly will ratify the Vietnam – South Korea Free Trade Agreement to complete the necessary legal corridor, accelerating investment and trade between the two countries.

Prime Minister Nguyen Tan Dung has approved a budget of VND470 billion (about USD22 million) to help preserve and develop rice fields in nine cities and provinces across the country.

The first Vietnamese-raised Kobe-style beef will be sold in June in the Central Highlands province of Lam Dong with prices ranging between VND3.5 million (US$165) to over VND5 million (US$234) per kilogram.

Samsung Electronics broke ground for its consumer electronics complex at the Sai Gon Hi-tech Park in HCM City's District 9 yesterday.

Vietnam poured a combined USD20 billion in new and additional capital abroad as of this April, according to the Ministry of Planning and Investment’s Overseas Investment Agency.

Khanh Hoa Province wants an international casino, an official with the provincial People's Committee said.

The People's Committee of the central province of Thanh Hoa recently approved investing in agriculture projects for property developers FLC Group and Vingroup.

The State Bank of Vietnam will buy gold bars lying idle with domestic individuals and organisations to increase Vietnam's foreign exchange reserves as and when conditions permit.

Imported cars are expected to become more expensive by around 5 per cent if the finance ministry's draft plan to adjust the calculation of special consumption tax on imported automobiles is approved.

Vietnam's timber and timber product exports are up, but the domestic market is buying foreign imports, due largely to a lack of planning and product diversity.

Vietnam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Nguyen Van That, 30, created an orchard co-operative with an annual revenue of VND1 billion (US$ 47,600 ) in the Mekong Delta province of Hau Giang.

The Ministry of Industry and Trade officially launched the pilot electronic certificate of origin (C/O) issuance system on Thursday, part of efforts to expand administrative reforms and assist exporters.

A surge in exports with higher added value spurred Vietnamese exports to India to their biggest quarterly increase in years the Ministry of Industry and Trade (MoIT) reported in recently released statistics.

The banking system restructuring has resulted in positive changes, the most notable involving bad debts and interest rates.

The Vietnamese economy is forecast to increase moderately at 6.1-6.2 per cent due to to improving exports, investments and household purchasing demand.