Business

Analysts believe that after swallowing a number of Vietnamese companies, Thai billionaires will take the next steps to turn Vietnam into their production bases from which Thai products will be distributed globally.

China’s investment in Vietnam has dramatically increased both in terms of value and project number, but the quality of these projects needs to be taken into account, and to ensure they contribute to reducing the bilateral trade gap.

The domestic automobile industry faces the risk of collapse, with both consumers and manufacturers shifting to imports.

Prime Minister Nguyen Tan Dung has urged ministries, branches and localities to direct drastically the implementation of the equitisation of 289 State-owned enterprises (SOE) in accordance with the plan.

Morocco is rapidly becoming an important player in the North African market, with its proximity making it attractive to Vietnamese businesses, which can use it as a hub for their African sales and operations.

Vietnam has signed seven free trade agreements with multi-lateral, regional and bilateral partners, with hundreds of tariffs on farm produce to be removed by 2018.

Air Busan from the Republic of Korea has launched a new direct flight route connecting the southern port city of Busan and central Da Nang City, central Vietnam.

Though the Laws on Competition and Consumer Rights Protection took effect many years ago, a majority of Vietnamese businesses and consumers do not understand their legal rights, a seminar heard yesterday in HCM City.

Vietnam has set a goal to reach the top five ASEAN aviation markets by 2020 under a project to restructure the local aviation sector.

Negotiations under which PetroVietnam will sell a 49 percent stake in the Dung Quat refinery, the country's sole oil processing facility, to the Russian oil company Gazprom Neft are expected to be soon concluded.

Foreign beer producers are flocking to Vietnam, salivating at the potential of the market, which was last year the third largest beer consumer in all of Asia.

Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.

Several experts have expressed concerns about the emergence of a possible monopoly when Vietnam's airports are opened to private investment, and suggest measures to prevent the problem.

Russian Deputy Minister of Industry and Trade Yuri Slyusar, who is also CEO of Russia’s United Aircraft Building Corporation (UAC), has met representatives from Vietnam Airlines and Vietjet Air for an opportunity to sell Superjet 100 to Vietnam.

Great effort is required by the domestic pharmaceutical companies to expand their share in the medicine market, which is currently largely dominated by imported drugs.

The Finance Ministry will inspect 20 foreign shipping companies located in big ports, including HCM City, Hai Phong and Hanoi this month, Deputy Minister of Finance Vu Thi Mai said.

Toyota Motor Vietnam (TMV) is wavering between continuing to assemble and manufacture cars and importing completed cars when the 2018 import tax on cars from ASEAN countries drops to zero.

Kenya Airways has opened a non-stop thrice-weekly direct flight between Hanoi and Nairobi.

The Civil Aviation Authority of Vietnam on April 7 urged airline services to study and quickly add ambulifts to their equipment, if needed.