Business News

[11-05-2016] Cat Bi airport in northern Hai Phong city  became an international airport from May 11 after going through upgrades. The Ministry of Transport has recently recognized that Cat Bi airport is qualified for international flights after the first phase of upgrading. So far, the airport servers both civil and military planes.

[09-05-2016] Tough punishments on USD deposit interest rate ceiling violation, construction on a US$220 million wind power plant in Tra Vinh, fuel prices increasing VND600 per liter and Industrial Production Index (IPI) up 8% are highlights in the national economy from May 2-8.

[10-05-2016] The slowing economy in the first quarter of 2016 fuelled concerns over next economic objectives since this will significantly impact macroeconomic policies in the next quarters if no suitable administrative solution is taken.

[07-05-2016] The property market in the western region of Hanoi is becoming a "hot spot" on the real estate market in the capital city of Vietnam as a series of new big property projects invested by giant developers like Vingroup, TNR Holdings and FLC are embarked in addition to the resumption of long-postponed capital-short projects.

[09-05-2016] Various banks have reduced their lending rates in response to the prime minister’s recent meeting with the business community. Last week, the state-owned giant Vietcombank adjusted its rates for mid- to long-term loans to 10 per cent a year, down from 10.5 per cent.

[03-05-2016] The Ministry of Information and Communications is expected to issue 4G service licenses in Vietnam by the end of this year when local telecom firms have completed their pilot plans for the new service.

[04-05-2016] Small and medium apparel enterprises struggled to survive in quarter one, with many of them suspending production, as their customers shifted their orders to Myanmar and Laos to enjoy lower prices, heard a business conference in HCMC last week.

[04-05-2016] Vietnam is becoming an attractive profit-generating market for investment in Southeast Asia, with a low interest rate, record low inflation in 2015, and the VND exchange rate far better than other currencies in the region.