Business

Singapore ranked first among ASEAN investors in Vietnam for calendar year 2014, according to the latest statistics from the Foreign Investment Agency, under the Ministry of Planning and Development.

Annual bonuses for Tet this year rage from up to two-month's salary to nothing at some large state-owned groups in Vietnam.

The appeal court upheld the life imprisonment sentence for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Ho Chi Minh City branch of the Vietinbank.

Vietnam is expected to manufacture 200,000 automobiles and 4 million motorbikes in 2015, marking respective yearly rises of 4.4 percent and 2 percent during the 2011-2015 period, according to the Heavy Industry Department of the Ministry of Industry and Trade.

Even though many stores have hung up the 50% sale off signs, the Parkson shopping centres in HCM City still failed to attract customers.

The Vietnamese dong has been devalued by 1% in a move that the State Bank of Vietnam (SBV) says will stabilise the foreign currency market.

The Prime Minister has approved an overall plan for development of concentrated information technology parks by 2020 with a vision to 2030.

The rising demand for small changes to donate to temples or give out as lucky money during Tet has created a boost in unregulated currency exchange services.

Seafood exports in 2015 are expected to increase slightly from last year to top US$8 billion.

Many Japanese investors are planning to cultivate hi-tech agricultural projects in Vietnam, the Vietnam Investment Review (VIR) reported.

Parkson Hanoi Co., Ltd has decided to close its shopping mall at Keangnam Landmark tower due to big losses.

Public debt has increased in recent years, but remains within the safety zone set by the National Assembly.

Domestic firms will have to face tough competition as thousands of goods from other South East Asia countries have been exempted from duty tax in accordance with the ASEAN Trade in Goods Agreement.

Vietnam’s GDP growth promises to continue its upward trend while macroeconomy will also be strengthened in 2015 according to experts.

The Department of Culture, Sports and Tourism of central Quang Ngai province is gearing up for the launch of home-stay service in Ly Son island district.

An overabundance of certified coffee flooding the global marketplace is heading up the longest slump in coffee prices in decades, say leading market analysts.

The Civil Aviation Administration of Vietnam has requested local airlines to step up aircraft maintenance after the crash of AirAsia Flight QZ8501 in the Java Sea.

The processing and manufacturing industry is a highlight of the industry and trade sector in 2014 with a growth rate of 8.7 percent and an 11.1 percent increase in sales index, the Ministry of Industry and Trade reported.

The Ministry of Industry and Trade (MoIT) has set a target of US$165 billion in export turnover in 2015 by expanding the market and ironing out snags in businesses to ensure sustainable export growth.