Business

The Vietnamese government may cut around 100,000 state officers by 2020, according to a draft regulation.

The southern coastal province of Ba Ria-Vung Tau granted investment licences to nine new projects, including two foreign-invested worth 61 million USD, on February 8.

Minister of Finance Dinh Tien Dung opened the lunar new year’s first transaction session on February 7 with a hopeful assessment of the security market’s future.

Many enterprises in HCM City are facing a serious lack of labourers after Tet, as many employees quit to seek new and better jobs.

McDonald’s inaugurated a restaurant in HCM City on February 7, making its first presence known in Vietnam.

Thailand’s largest retail conglomerate – Central Group – is expanding into Vietnam with the opening of a Robinsons Department Store in Hanoi in March.

The initial five members of the Vietnam Motorbike Association will officially debut the new industry body later in February.

Forecasters say that Vietnam will continue facing difficulties in rice exports this year because of abundant supply.

Vietnamese leaders cut the red ribbon at the February 6 inauguration of the 110-kV Ha Tien-Phu Quoc undersea cable system, connecting the island to the national electricity grid.

Vietnamese exports to China have become increasingly diverse in terms of structure and earned more export revenues, gradually developing brand names and gaining the trust of Chinese consumers, reported the Vietnam Economic News on February 6.

A senior Chilean official believes the enforcement of the free trade agreement between Vietnam and Chile will help spur bilateral trade.

The head of the Price Management Department talks about their efforts to control the prices of essential products including petrol and electricity.

Many repatriated overseas Vietnamese have had to re-export cars they brought from foreign countries for failing to meet requirements for the importation of vehicles as transferred property.

Despite initial signs of recovery, the Vietnamese auto industry is expecting a challenging 2014 as deadline pressures from ASEAN Free Trade Area (AFTA) commitments continue to mount. Total sales exceeded 110,000 vehicles in 2013, nearly 20 percent more than

The US Senate on February 4 adopted a bill on farm subsidies, including a provision that is counterproductive to Vietnamese catfish exports.

The Haiphong Economic Zone Management Board has just granted an investment license to Hong Kong’s Apex Wealth International Limitenad.

Thailand has announced that a contract to sell more than a million tonnes of rice to China has been cancelled.

The global economy is expected to see growth in 2014, which would benefit emerging countries, including Vietnam, said a Vietnamese economist.

During the days just after Tet, most of restaurants in Hanoi increase their prices, even up to 200% of normal.