Business

Ho Chi Minh City will do its utmost to protect the safety and property of foreign investors, the city’s top politician has said.

Vietnam Mobile Telecom Services (MobiFone) has recently launched new packages that provide calling, SMS and data services for tourists.

Vietnam and several other emerging nations will be among the 20 largest economies by 2050, a senior foreign business executive has said.

Myanmar will speed up the establishment of steel production joint ventures with Vietnam, Industry Minister U Maung Myint told his Vietnamese counterpart Vu Huy Hoang in Hanoi on May 14.

After consecutive years of losses, several real estate firms in HCM City started to show more optimism in the market as the number of transaction is picking up.

The Vietnamese Government will encourage and create every condition for businesses to invest in Myanmar, Prime Minister Nguyen Tan Dung said while receiving Myanmar Minister of Industry U Maung Myint in Hanoi on May 13.

The World Bank has agreed to provide preferential loans totaling US$150 million to bolster rice production in the Mekong River Delta.

Vietnamese internet-users have began a campaign to stop buying Chinese-made mobile phones in the wake of an illegal Chinese oil rig operating in Vietnamese waters.

Although package tours to China have risen by 40% this year, travel agencies are now seeing many of those tours cancelled because of the tension in the East Sea between China and Vietnam.

China’s illegal placement of a drilling rig in Vietnam’s exclusive economic zone in the East Sea is an “extremely serious action and will definitely impact the aviation market between Vietnam and China,” a senior airline official has warned.

Negotiators of the Trans-Pacific Partnership (TPP) agreement began a new round of talks in HCM City on May 12, aiming to reach a deal ahead of a ministerial meeting to be held in Singapore on May 19-20.

The MoIT is investigating a case in which a tourism company in Nha Trang allegedly forced a number of hotels to only accept guests from them.

Several Vietnamese wealthy businessmen have recently been donating large sums to towards building pagodas and temples not only through their devotion, but also to keep their names alive.

The Ministry of Public Security took into custody six railway officials last Friday on charges of "abusing power while on duty" and "irresponsibility causing serious consequences" following a one-month investigation.

Thai authorities have admitted that it was a mistake to require Vietnamese travellers to prove they had 20,000 baht to be allowed into the country.

Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) to complete the draft decree on petrol trading.

Commercial banks should mitigate business risks and ensure their reputations by strictly implementing the Government's regulations on the prevention of money laundering and terrorist financing, heard a seminar held in HCM City on May 8.

Vietnam stocks posted their biggest retreat since 2001, extending a six-week selloff that turned the benchmark index into the world’s worst performer, amid escalating tensions with China.

Prime Minister Nguyen Tan Dung has approved a list of 127 projects that will await foreign investment until 2020.