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Update news vietnam business news
Foreign investors remained net buyer in the January – June period with total amount of 201 million shares worth VND10.1 trillion (US$435.05 million).
Prime Minister Nguyen Xuan Phuc has tasked the Ministry of Industry and Trade with reviewing media reports that many solar farms are operating below capacity due to the national grid overload.
Five-star hotels outperformed their four-star counterparts across several criteria as shown by the latest survey by Grant Thornton Vietnam on the local upscale lodging industry.
Vietravel Airlines, an airline just established by local tour operator Vietravel, plans to launch its maiden flight in October next year.
Growth in Vietnam will remain strong, as the country’s export sector continues to secure more orders while trade tensions between China and the US are not yet over, according to Capital Economics.
Ten Ren, a Taiwanese tea brand, will halt its operations on the local market from August 15, closing 23 stores in HCMC and Bien Hoa from July 15.
Record levels of foreign investment are now being poured into Vietnam's property sector.
Over the past 25 years, American investors have increased their involvement in Vietnam’s financial sector, a trend expected to continue as the country deepens its capital market and young startups look for funding and guidance.
Deputy Prime Minister Vuong Dinh Hue has asked for tight control of corporate bond issuance so the finance and equity sectors operate properly and safely.
Vietnam’s exports to the United States have recently soared, bringing about opportunities to both gain more market shares in the states and potential risks.
Five-star hotels in the country increased room rates by 4.1 per cent last year while four-star hotels dropped theirs by 2.3 per cent, according to the Vietnam Hotel Survey released on Thursday by Grant Thornton.
As of June 20, Vietnam had 723,667 businesses using e-tax declaration services, 99.8 per cent of total operating firms, according to the General Department of Taxation.
Textile, garment and footwear products made in Vietnam will not enjoy immediate tariff cuts after the EU-Viet Nam Free Trade Agreement (EVFTA) comes into effect.
Vietnam’s coffee exports dropped by around 20 per cent in the first half of the year.
A number of business conditions have been reduced or removed thanks to the Government’s efforts in improving the business environment and increasing national competitiveness.
The human resources industry in Vietnam is developing strongly, fuelled by multinational companies’ growing demand for expanding and setting up their production chains in the country, according to Adecco Vietnam.
Hanoi’s Department of Industry and Trade expects foreign direct investment (FDI) firms will team up to develop key industrial products to benefit socio-economic development.
Fifty-one investors have been selected in the preliminary bidding for seven public-private partnership (PPP) projects for the North-South Expressway.