Business

As more Vietnamese people are able to go abroad for tourism, only a few enterprises attend foreign exhibitions and trade fairs in search of business opportunities.

Minister of Construction Trinh Dinh Dung has asked contractors to prioritise invests in low-income housing projects, as 90% of citizens can only afford the homes in this sector.

Vietnam is expected to be the top choice for American companies shifting investments tfrom China o Southeast Asia, according to a recent survey by the American Chamber of Commerce in Singapore.

Coffee produced in the Central Highlands province of Dak Lak found its way into 80 countries and territories this year, 20 more markets than the number reported early this year.

Leading market analysts are forecasting Vietnamese exports to the US of litchi and longans to soar to over 1,800 tonnes annually.

The Ministry of Planning and Investment has released a list of 11 trades that are banned for investors, and had also lifted bans on 40 others.

The Deputy Minister of Science and Technology Pham Cong Tac will lead a delegation of prominent Vietnamese businesses attending the Annual Meeting of the New Champions 2014 from September 10-12 in Tianjin, China.

A US$3.2 billion oil refinery project of the UK Technostar Management Ltd in Vung Ro is set to get off the ground in central Phu Yen province on September 9.

Prime Minister Nguyen Tan Dung on September 7 attended a ground-breaking ceremony for a Thai Nguyen-Bac Kan expressway and an upgrade of 25km long National Highway 3 section.

The People’s Committee of central Ha Tinh province has authorisednine investors in the Formosa Industrial Park (IP) to employ 2,976 foreign workers.

Professor Dang Hung Vo, a senior Vietnamese real estate expert, has predicted that housing prices in Vietnam will drop as the year comes to an end.

Imported fruit from Thailand are expanding their presence in the Vietnamese marketplace thanks to their good quality and price, much to the chagrin of Chinese fruit growers.

Bulldozers yesterday began clearing the 114-ha site for the construction of the US$575-million Dak Nong aluminium smelting plant in this Central Highland province.

Vietnam has jumped up two ranks to 68th place among 144 economies worldwide, according to the Global Competitiveness Report 2014-15 which the World Economic Forum (WEF) released on Wednesday in Geneva.

There has been a trend among the rich in Hanoi and HCM City to buy push-bikes for prices riaching as much as VND560 million (USD26,660).

The Ministry of Finance has proposed a new draft decree which would tighten control over beer sales in Vietnam.

For the last three years, most State-owned enterprises (SOEs) have had stable operations with acceptable profits, but capital withdrawal from their non-core businesses contiues to be sluggish.

The Prime Minister is supporting the proposal of the Ministry of Finance to include animal feed in the list of products exempted from value added tax (VAT) payment.

Overseas remittances to Ho Chi Minh City are estimated at US$ 2.75 billion during the first eight months of 2014, a year-on-year increase of 6.2%.