Business News

[03-09-2016] Phu Quoc Island has so far attracted 244 projects worth VND314 trillion (US$14 billion), mostly in infrastructure, urban development, fisheries, tourism, trade and services. Twenty eight projects with an investment of VND35 trillion ($1.57 billion) are already operational while 22 others worth VND35.6 trillion are under construction.

[01-09-2016] A future national industry policy should work to sustain the national economy’s self-reliance and enable sectors’ effective participation in global production and distribution chains, heard a seminar in Hanoi on August 28.

[29-08-2016] Actual foreign direct investment (FDI) inflows into Vietnam reached an estimated $9.8 billion in the first eight months of this year, up 8.9 percent from a year ago, the Planning and Investment Ministry said.

[31-08-2016] Home prices in Vietnam continued rising in July, according to a monthly report of the Vietnam Real Estate Association (VNREA) released last week. Price hikes were seen in almost all segments including apartment, townhouse, villa and land lot. Prices of mid- and hi-end apartments in finished projects picked up 4-6%.

[31-08-2016] Experts have called for Vietnam, businesses and building operators to invest in energy-saving technology as power demand is growing strongly. Electricity demand in Vietnam is projected to rise by at least 10% a year and increase to 615.2 billion kWh in 2030 from 169.8 billion kWh last year.

[18-08-2016] Low industrial production index, half-plan export growth and rising prices of some commodities are major hardships that the industry and trade sector of Vietnam will have to face in last five months of 2016.

[18-08-2016] Many industrial zones (IZs) have been built in the Mekong Delta and more will be built in accordance with approved plans, but some IZs have been left idle. A report of the Vietnam Chamber of Commerce and Industry (VCCI) Can Tho Branch showed that there were 78 IZs and export processing zones (EPZs) in Mekong River Delta as of June 2016, with total area of 14,787 hectares.

[17-08-2016] Many Hong Kong companies are looking for investment opportunities in HCMC as new free trade agreements have turned Vietnam into a more attractive destination, a senior business leader said.