Business

Microsoft Group – the new owner of Nokia Vietnam is transferring a large number of production lines from factories in China, Hungary and Mexico to Vietnam, according to a representative of Nokia (Vietnam) Limited Liability Company.

Poverty will remain a critical challenge for Asia in coming decades and will require a greater efforts to address food insecurity and economic vulnerability, according to a new report by the Asian Development Bank.

Vietnamese companies need to further promote their products, especially online, if they wish to sell in foreign markets, a conference heard in HCM City yesterday.

Prime Minister Nguyen Tan Dung on August 19 chaired a meeting between the Cabinet’s standing members and ministry and sector officials on the lists of prohibited and conditional businesses, and those entitled to preferential investment treatments.

The Ministry of Transport has decided to stop a number of railways projects after discovering corruption and other misconduct by the investors.

Petrol wholesalers have lowered their fuel prices by as much as VND600 per litre at the request of the Ministry of Finance and the Ministry of Industry and Trade.

Chief negotiators of the Trans-Pacific Partnership (TPP) agreement will meet in Hanoi from September 1-10 to work out solutions blocking the trade pact.

The Ministry of Finance has issued Circular No. 103/2014/TT-BTC guiding tax levied on foreign organizations and individuals operating business in Vietnam or receiving incomes in Vietnam.

Many Vietnamese banks have been racing to open branches in other countries to increase their competitiveness and facilitate Vietnamese companies’ overseas investments.

The Ministry of Agriculture and Rural Development refused requests from seafood companies for low-interest loans for the importation of old fishing ships.

Saigon-Binh Tay Beer Joint Stock Company (Sabibeco) has just debuted its new alcohol-free beer named Sagota, the first of its kind to be produced in Vietnam.

Russia’s recent decision to ban fruit, vegetables, meat, fish, milk and dairy imports from the US, the EU, Australia, Canada and Norway creates opportunities for Vietnamese businesses to expand exports to the Eurasian country.

Vietnamese authorities have a couple options on the table for the efficient regulation of legal casino gambling for Vietnamese citizens, including a possible requirement to verify income.

Vietnam has the potential for becoming the world's leading exporter of cattle feed in the near future, the Ministry of Agriculture and Rural Development has said.

A modern hybrid rice research centre was inducted in Nam Dinh Province, which is expected to help mitigate Vietnam’s dependence on imports.

The first four genetically-modified maize varieties have been licensed for both human consumption and as animal feed in Vietnam.

Milk companies have been changing their labeling for children's formula in such a way that would make them exempt from the new taxes levied by the Ministry of Finance.

Prime Minister Nguyen Tan Dung has asked relevant ministries and agencies and Hanoi authorities to seek every possible way to remove difficulties for the projects on building the Hoa Lac Hi-tech Park and the Hanoi National University.

Companies in Vietnam still owe social insurance agencies a total of USD523.8-million in overdue payments as of the end of July this year.