Business

Railway sector slashes fares to woo passengers

Vietnam Railway Corporation (VRC) will knock up to 50 percent off the fares for passengers buying tickets two months ahead of departure and increase stops of certain north-south trains from next month to offer more conveniences to passengers, a

Vietnam, RoK to sign free trade pact by year-end

The Republic of Korea will accelerate negotiations of a free trade agreement (FTA) with Vietnam, striving to sign the trade pact late this year.

Russia removes cessation to Vietnamese seafood imports

Russia's Veterinary and Phytosanitary Surveillance Service announced that they will remove a ban on Vietnamese seafood imports.

New economic order established in Asia: Vietnam scholar

Recent global political and crisis has changed the world order, especially with the emergence of China, India, Japan, and the Republic of Korea in Asia, said Prof. Dr. Nguyen Xuan Thang, President of the Vietnam Academy of Social Sciences.

Casino ban may be lifted for Vietnamese citizens

The latest draft decree issued by the Ministry of Finance proposes allowing Vietnamese residents to enter casinos.

Former WTO head advises Vietnam on economic reform

Ex-chief of the World Trade Organisation Pascal Lamy has called on Vietnam to harmonise legal regulations, improve logistics and focus on adding value to the economy to better benefit from international trade.

Plan to restructure 11 commercial banks approved

The Governor of the State Bank of Vietnam (SBV) has approved a plan for restructuring of 11 out of the 14 joint stock commercial banks in Ho Chi Minh City.

Opening markets disadvantage Vietnamese firms

Several experts have expressed worries that Vietnamese goods may lose their standing in the domestic market after a Thai group bought Metro Vietnam for nearly USD900 million.

MOF streamlines procedures

The Ministry of Finance has announced that they will make efforts to reduce the time it takes businesses to file taxes by nearly 300 hours per year, around 50%.

Vietnam to have “Black Friday” this year

Similar to Black Friday in the United States, “Online Shopping Day” (December 5) is anticipated to be a day businesses come out with “Doorbuster Sales” and special discounts to attract customers to make purchases.

Facelift planned for luxury mall

The Trang Tien Plaza is facing another round of renovation, just 16 months after it reopened its doors in April 2013, Dien Dan Doanh Nghiep newspaper has reported.

Korea-Vietnam Incubator Park to open in June 2015

The Korea-Vietnam Incubator Park (KVIP) is currently 32% complete and is slated for operations in early June 2015, announced Director of Can Tho Department of Industry and Trade, Nguyen Minh Toai at a meeting on August 8.

Thai group buys Metro Vietnam for nearly USD900 million

Metro AG agreed to sell 19 Vietnamese stores to a Thai group named Berli Jucker (BJC) for USD879 million as the German retailer prepares to withdraw from the country.

Vietnamese tuna sold in Japan

All nine Vietnamese tuna caught using new Japanese technology were auctioned and sold in Japan this morning, August 8.

Construction of HCM City metro put on fast track

Deputy PM Hoang Trung Hai has urged HCM City municipal authorities to speed up progress on the city's first metro project so that it can be completed by the end of 2018.

GDP calculations of localities inaccurate

The PM has confirmed that the calculations of GDP for a number of localities in Vietnam are not accurate and need to be quickly corrected.

GMS Economic Corridors must yield more jobs and investment: forum hears

The Greater Mekong Subregion (GMS) needs to ensure that economic corridors yield benefits in terms of trade, investment, and jobs, participants at the 6th GMS Economic Corridors Forum heard today.

Maritime shipping firms face rough waters

Many maritime shipping firms in Vietnam have complained that they are suffering from losses and difficulties in the context of economic downturn.

Real estate association against looser foreign property ownership rules

The head of the HCMC Real Estate Association said authorities should not allow foreigners to buy homes in Vietnam.

New technology provides for more tuna exports

The first batch of Vietnamese tuna caught by new Japanese fishing technology, which weighed around 450 kilos in total was exported to Japan on August 6.

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