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Hanoi announces transport plan to 2030
The Hanoi People's Committee has made public the planning of transportation development in the capital city from now to 2030, with a vision to 2050.
Who will receive the biggest benefits from the steel production policy?
Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision to protect domestic production.
More money in circulation could increase inflation rate
It is expected that large amounts of money will be pumped into circulation to obtain the ambitious target of 6.7% GDP growth rate. This has raised the fear that hot growth will bring high inflation back.
800 American-style lottery points of sales set up in Saigon in two weeks
After only two weeks available in Ho Chi Minh City, Mega 6/45 lottery outlets have appeared everywhere, with up to 800 points of sales. This new type of lottery has become hot among Vietnamese players, particularly in Ho Chi Minh City.
Nestle admit to using soybeans in coffee products
Confirming that its coffee products in the market contain soybeans, a representative of Nestle Vietnam said the proportion of ingredients was a "business secret’.
NYDC closes its last restaurant in Vietnam
According to Insider Retail, New York Dessert Coffee (NYDC) has closed all of its restaurants in Vietnam after many months of trying to continue to operate.
Vietnam to ease reliance on China, import more from RoK
Analysts have noted signs of a decrease in imports from China, while imports from the Republic of Korea rose by 7.9% in the first six months of the year.
Fast food market sees slower growth
The fast food chains that arrived early in Vietnam have seen growth slow, while the chains which came later seem to have fewer opportunities. The heyday of the fast food sector is over.
Da Lat to put logo on veggies to avoid confusion with Chinese products
The authorities of Lam Dong province, Vietnam’s major producer of flower, fruit, and vegetables, have decided to stick logos on their agricultural products to avoid being mistaken as Chinese products.
Hanoi to invest US$100 million to develop mountainous region
A new investment plan has been ratified by the Hanoi City People's Committee with the aim of promoting the development of the “mountainous region” of the capital city.