Japanese developer Meada Group has recently expanded its portfolio in Vietnam by partnering up with domestic Thien Duc Company to build Waterina Suites, a high-end residential project in District 2 of Ho Chi Minh City.
Prime Minister Nguyen Xuan Phuc has taken action so that the National Assembly’s new resolution on bad debt settlement could be applied from August 15.
PSNews - Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to a new Asian Development Bank (ADB) report.
The quick sale last week of Titia Residences in the Empire City project has again borne out the attractiveness of the luxury segment.
Vietnam is forecast to be the fastest growing convenience store market in Asia by 2021, according to the Institute of Grocery Distribution (IGD).
Five tonnes of Son La-grown green mango will be shipped to Australia weekly by Agricare Vietnam Company after its first successful shipment of one tonne to the country.
The State Bank of Vietnam has recently decided to lower the interest rates on short-term loans to priority sectors by 0.5 percentage points and some policy rates by 0.25 percentage points.
While the Ministry of Industry and Trade (MOIT) and experts have decided that Vietnam needs to develop an automobile industry of its own, other experts believe that the ‘automobile dream’ is ‘far away’ and that Vietnam should focus on making 2-wheel vehicles.
An increasing number of foreign investors are eager to invest in metro projects in Vietnam to cash in on the country's growing public transportation demands.
It will be difficult to curb inflation if unreasonable measures are used to reach a GDP growth rate of 6.7% and low inflation rate of 4% in 2017.
PSNews - The automobile market saw a 5% growth rate in June as a result of automobile distributors’ efforts to reduce car prices in response to sharp falls in the previous months.
Amidst strengthening recovery in the global economy since late 2016, Vietnam’s gross domestic product (GDP) expanded by 5.7 percent during the first half 2017, while inflation has so far moderated and core inflation remains low, at less than 2 percent.
PSNews - PEGA Vietnam has recently sent a petition to the Minister of Industry and Trade as well as Director of the Market Management Department Trinh Van Ngoc, asking for a fair competition in the electric bike market.
Deputy Prime Minister Vuong Dinh Hue, Minister of Finance Dinh Tien Dung, World Bank’s Acting Country Director Sebastian Eckardt, and Director General of Vietnam Custom Nguyen Van Can jointly push a button to formally make the Vietnam trade information portal (VTIP) go live on July 12.
PSNews - The Carlsberg Group has launched the "Together Towards ZERO" program, which aims to completely eliminate carbon emissions and halve the amount of water used at its breweries by 2030.
PSNews – The Austrian sport motorcycles manufacturer KTM will have to recall 690 Duke motorcycles to prevent risks of fire due to a possible fuel leaks from the cap area of the gas tank.
The Binh Son Refining and Petrochemical Co. (BSR), the operator of the Dung Quat Oil Refinery in central Quang Ngai province, plans to take out loans of a combined $1.26 billion to expand its capacity, according to a plan unveiled by the Ministry of Industry and Trade.
PSNews - With 6,815 vehicles sold in June, the total number of Toyota vehicles sold in the first half of 2017 has increased to nearly 30,000 units.
The Vietnam government fully understands that to compete for foreign direct investment with other Asian countries over the long term— low wages aren’t sufficient, says leading economist Eugenia Victorino.
Government bonds have recently seen strong foreign buying despite the facts that the dollar is expected to continue appreciating due to the US’s plan to raise interest rates a few more times in the near future and that Vietnam does not have incentives to attract foreign investment in its bonds.