Business

The Malaysian Ministry of International Trade and Industry (MITI) has launched an investigation into alleged dumping of steel coils imported from Vietnam and China, following a petition filed by FIW Steel Sdn Bhd (FIW).

China will invest US50 billion to help overhaul Brazil's aging infrastructure, the Brazil government announced ahead of an official visit by Chinese Prime Minister Li Keqiang.

Foreigners can extend their property ownership after their 50-year ownership expires under the Housing Law, but not for more than an additional 50 years.

The country's consumer price index (CPI) this month is expected to be stable or slightly increase over the previous month due to balanced demand and supply as well as strengthened price stabilisation.

Vietnam's real estate market will likely yield better returns this year than the stock and gold markets, but investors should be cautious in the rebound, a leading economist said.

An increasing number of foreign giants are eying the beverage market in Vietnam due to the country’s young population boom and high demand for fizzy drinks.

April was a positive month for Vietnamese auto sales, though carmakers have claimed difficulties conducting business in the country's unstable and undevel-oped automobile industry.

Vietnam Airport said it will invest VND3.2trn (USD152.4m) to build a new international terminal at Danang International Airport to meet demand from increasing passenger numbers.

The Australian Department of Agriculture has approved the importation of fresh lychees from Vietnam, reported the Australian press on May 12.

The national shooting team's head coach Nguyen Thi Nhung said her shooters have been asked to win at least four gold medals at the Southeast Asian Games in Singapore.

The Ministry of Transport has said it plans to allow Vietnam's sole airport manager to offer 35% of shares to private investors, instead of only 25% as previously reported.

The General Directorate of Imports under the Turkish Ministry of Economy has recently filed an anti-dumping investigation into spun polyester yarns imported from some countries including Vietnam.

The Ministry of Finance agrees with the transport ministry's plan for socialisation of investment for airline infrastructure.

The Government has approved a plan to set up high-tech agricultural zones and areas around the country that aims to have 10 such zones by 2020.

Local footwear manufacturers should improve the design and quality of their products to attract local customers after bringing the local footwear market under free trade agreements, said experts.

Transport operators, especially taxi companies, want to lift their rates following the increase in fuel prices last week.

Vietnam agriculture, forestry and aquatic exports in the four months leading up to May dipped 5.1% on-year to US$8.5 billion, renewing pressure on the government to get the stalled sector moving.

Vietnam will allow foreigners to extend their home ownership by another 50 years, after the first 50-year period ends, according to a draft decree.

The farming of coldwater fish has failed to develop as expected in the Central Highlands province of Lam Dong, mired in distribution, investment and methodical difficulties.