Business

Sixty three businesses received the Vietnam Value Awards for national strong brand names at a ceremony in Hanoi on December 23.

Two-way trade between Vietnam and India is on an upward trend and likely to reach the target of US$15 billion by 2020, said Vo Tan Thanh, Director of the Ho Chi Minh City branch of the Vietnam Chamber of

Uber private taxi operators have been told by the Transport Minister they can operate in Vietnam, but will be subjected to strict inspections.

Hanoi and Ho Chi Minh City saw a decline in inflation in December, as measured by the consumer price index, due to lower fuel prices.

The retail petrol prices were slashed by VND2,058 (US$0.09) per litre on December 22, the Vietnam National Petroleum Group (Petrolimex) said.

Banks in Vietnam have stepped up competition to win the deposits of year-end remittances from overseas workers, which are a profitable source of income.

Thai Vietjet Air, a branch of the Vietnamese low-cost carrier Vietjet Air, made its debut in Bangkok, Thailand on December 20 with the participation of senior leaders of the two countries.

HCM City Department of Science and Technology has introduced its own taxi booking and management application, called LiveTaxi, which can be downloaded on mobile devices.

E.SUN Commercial Bank, Ltd of Taiwan and BNP Paribas bank of France have been granted permission to establish branch banks in Vietnam, Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV) recently revealed.

The Mekong Delta region’s unhusked rice output is likely to reach 25.2 million tonnes this year, according to the Cultivation Department under the Ministry of Agriculture and Rural Development.

Sharp declines in the value of the rouble were posing a serious risk to companies in Vietnam doing business with Russia, an economist said.

Prime Minister Nguyen Tan Dung has instructed the Transport Ministry to work with Ho Chi Minh City authorities to determine Uber's legal status in Vietnam.

The governor of the State Bank of Vietnam, Nguyen Van Binh, met in Vientiane with his counterpart Governor of the Laos Central Bank Somphao Phaysith and other senior officials of the Lao Government.

A Japanese contractor wants daily compensation of VND2.5bn after Vietnam authorities failed to make available a contracted construction site in Binh Duong Province.

Vietnam's overseas workers are expected to remit some USD12 billion this year, a national economic outlook report has said.

Vietnam has banned the import of Australian fruit because of concerns about fruit fly infestation.

Five Vietnamese companies have decided to cooperate to produce locally-made automobiles amid increased competition from foreign producers.

The Electricity of Vietnam (EVN) has proposed increasing the power price by an average 9.5 percent from this month.

The Civil Aviation Administration of Vietnam has ordered local airlines to reduce ticket prices following declining fuel prices.