Business

The Ministry of Information and Communications should give State-owned mobile carrier MobiFone access to greater market share in a bid to stay competitive in the lucrative mobile phone market.

Ho Chi Minh City has set developing hi-tech and support industries as the key to realising economic restructuring and growth model shift by 2015.

The Government Inspectorate made public the names of six pharmaceutical companies found to be trading illegal products.

US businesses have voiced their support for Vietnam’s efforts in promoting negotiations on the Trans-Pacific Partnership agreement between Vietnam and other countries, including the US.

Big C The Garden, a branch of BigC Hanoi, has been fined VND35 million after mislabelling local grapes with a Chinese flag.

Foreign direct investment in HCM City in the first quarter of the year rose by 109 per cent compared to the same period last year, pointing to a positive trend that indicates investors feel more confident about the economy.

The Minister of Construction has confirmed that they will make amendments to loosen foreign property ownership regulations in Vietnam this year.

The minister of construction, Trinh Dinh Dung, said that the credit stimulus package, amounting to VND30 trillion, is necessary to support the real estate sector.

A number of build-transfer projects in Hanoi are incurring lots of problems and need re-planning due to capital shortage or site clearance.

The PM has launched an order to start the construction of the International Gateway Port in Hai Phong.

Currently, Vietnam’s interest rates on loans are still highest in the region despite strenuous efforts by the State Bank of Vietnam (SBV) to adjust them since mid-2012.

The country’s first international rubber and tyre industry exhibition opened on April 12 at the Saigon Exhibition and Convention Centre in Ho Chi Minh City’s District 7.

Some 158,200 taels of gold bullion (roughly six tonnes) were sold in six auctions held by the State Bank of Vietnam.

Despite the real estate slump, land and housing around Hanoi’s West Lake is still highly priced and attractive to better-off people.

Nearly VND24,000 billion will be allocated to the areas of the Central Highlands region’s strength such as coffee processing, rubber, eco-tourism and modern industry.

Businesses need to capitalise on free trade agreements to expand markets, boost exports and balance trade, experts said at a forum in Hanoi on April 11.

The latest slight fuel price adjustments did not receive a warm welcome by consumers.

The PM has signed a decree to stipulate a minimum capital of VND300 billion to set up a new airline.

Experts are worried that infant-formula companies are contributing to the sharp decline in the rate of breastfeeding.