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The Quang Ngai People’s Committee resolutely proposed the government to end the long-delayed Guang Lian Steel-Dung Quat project, despite the investor Guang Lian Steel Viet Nam Co., Ltd.’s-a joint venture between Taiwanese enterprises Tycoons and E-United Group - proposal to restart the construction.
The U.S. dollar on May 30 morning soared to a four-month high against the Vietnamese dong currency, VND22,450-22,455 per dollar, up around VND100 compared to the start of last week.
The Vietnamese government will make efforts to complete a legal framework and policies to create a transparent, open and stable investment and business environment for foreign investors, including Japanese businesses, to succeed.
With export revenue for Vietnamese footwear and handbags hitting nearly $4.1 billion in 2015, the US is likely to surpass the EU to become the largest import market of Vietnamese footwear products, as more local shoemakers are scaling up their production ahead of the Trans-Pacific Partnership.
The Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Planning and Investment and the World Bank jointly held a seminar in Hanoi on May 30 on the role of the business community as well as need of institutional reform in the Vietnam 2035 Report.
Foreign investors registered to pump approximately US$10.16 billion into Việt Nam in the first five months of this year, surging 136 per cent from a year ago, statistics from the Ministry of Planning and Investment reveals.
If it enters Vietnam, Walmart will compete with Big C and other big foreign retail chains, and will be a formidable rival to Vietnamese retailers, analysts say.
Vietnam registered 44,740 new enterprises with total capital of VND349 trillion ($15.6 billion) in the first five months of this year, an increase of 24.1 per cent in number and 59.3 per cent in capital against the same period of 2015, according to the National Business Registration Portal at the Ministry...
The slowdown in retail and manufacturing sectors has reduced the speed of HCM City’s economic engine despite significant gains in services, trade, industry and agriculture.
The “Extensive Strategic Partnership for Peace and Prosperity in Asia” between Vietnam and Japan has expanded in multiple fields, Prime Minister Nguyen Xuan Phuc said at a dialogue in Nagoya in the Northeast Asian country on May 26.
In an interview with VIR’s Tuong Vi, Minister of Finance Dinh Tien Dung noted that the current situation has opened up numerous opportunities for foreign capital flows into Vietnam. The Ministry of Finance welcomes all foreign investors, including those from the US, as they join the Vietnamese financial...
US-based agribusiness conglomerate Cargill will continue investing in building animal feed plants and other production projects in Vietnam, Jorge Becerra, Managing Director for Cargill’s Animal Nutrition Business in Vietnam, said at a press conference on May 30.
