Business

Foreigners now feel secure to buy houses in Vietnam, Savills Vietnam Co., Ltd said on November 26, the day after the National Assembly adopted the amended Law on Housing, which allows foreigners and Vietnamese people residing abroad to hire

Ticket prices for the popular Hanoi-Lao Cai train route have just been significantly reduced to encourage rail travel in the run up to Tet.

Since the establishment of diplomatic ties in 1993, South Africa has remained a potential trade and tourism partner of Vietnam, said Truong Thi Kim Anh, Vice Director of Vietnam Chamber of Commerce and Industry (VCCI) branch in Danang.

Vietnam should conduct a comprehensive reform on its rice industry in order to increase added-value and the incomes of farmers as well as foster sustainable development, experts said.

Many slaughter houses in Long An Province have been taking to the practice of pumping water into cows before slaughter in order to increase the weight.

Economy automobile producers from Asian countries such as India, Malaysia or Indonesia are seeking ways to enter the Vietnamese market.

The salaries of Vietnamese workers are among the lowest of all Southeast Asian countries, according to the Ministry of Labour, Invalids and Social Affairs.

Over 200 enterprises from 10 nations have registered to participate at the international trade show– Metal & Weld 2014 – in Ho Chi Minh City on December 3-6 showcasing the latest in metal working and welding industrial technologies.

In the face of widespread opposition from both local residents and traders, the Hanoi Municipal People’s Committee has admitted defeat in its attempts to drive traditional wet markets into purpose built modern facilities.

The Asian Development Bank and the government of Vietnam have signed a USD50 million loan agreement to upgrade tourism infrastructure in the country.

The total newly-registered and additional capital from the Republic of Korea (RoK)’s businesses into Vietnam reached US$6.82 billion over the past 11 months of 2014, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

Farmers in the Mekong Delta region have been growing pomelos with several special shapes, including Buddha hands, for the coming Tet holiday season.

The nation's commercial hub will keep its economic growth target for 2015 high at 9.5-10 per cent and initiate several business-friendly measures to achieve it, HCM City People's Committee Chairman Le Hoang Quan said.

As many as 50% of Japanese companies say they face difficulties related to investment procedures when doing business in Vietnam.

The Ho Chi Minh City Municipal Statistics Office announced on November 22 that consumer prices for November fell 0.36% from the previous month on the back of decreased petro and transport costs.

The US Department of Commerce (DOC) has imposed countervailing duties on imports of steel nails from Vietnam.

The Vietnamese Ministry of Science and Technology has just decided to amend a decision they issued a year a go after an American firm sued for brand damage.

The imposition of anti-dumping duties on frozen pangasius fillets imported from Vietnam by the United States is unfair, Foreign Ministry spokesman Le Hai Binh said.

The low-cost carrier Jetstar Pacific has announced its plan to introduce a new round-trip service between Hanoi and the Thai capital of Bangkok with a flight a day as from March 29 next year.