Deputy Prime Minister Hoang Trung Hai requested the National Oil and Gas Group (PVN) to continues concentrate on search, exploration and exploitation of oil and gas in 2016, saying that this is a key task of the sector in 2016.

Vietnamese businesses have performed well in Laos and contributed to local economic growth over the last five years despite the lingering impact of the global economic crisis, said a report delivered at a congress of the Vietnam Business Association in Laos.

Vietnamese firms should apply information and technology (IT) to improve labour productivity and competitiveness, Nguyen Truong Thang, Director of the Institute of Information Technology, Vietnamese Academy of Science and Technology, said.

Foreign capital flowing into Vietnam reached a record high last year, promising more economic growth but more competition for domestic companies. 

Online tax payment will likely be availabe to individuals and business households in Vietnam soon with the pilot implementation underway in three major cities.

Pepper production has brought high profits for growers but the current rush at growing pepper for export will likely lead to oversupply in the near future, experts warn.

Private low-cost carrier Vietjet has been expanding its local market segment fast and is expected to overtake Vietnam Airlines in domestic market in a couple months, according to new analysis.

Vietnamese businesses investing in Cambodia received compliments on their contributions to economic growth of the homeland in 2015 at a get-together hosted by the Vietnamese Embassy in Cambodia in Phnom Penh on January 8.

The Ministry of Agriculture and Rural Development and the Vietnam Co-operative Alliance have announced policy plans to support farming co-operatives by making them more competitive. 

The Republic of Korea (RoK)’s ​ChangShin Vietnam company, in southern Dong Nai province’s Thanh Phu industrial park, was granted a preferential customs certificate on January 8.

The Trans-Pacific Partnership (TPP) agreement will provide economic impetus predominantly to Vietnam, Japan and Malaysia among other parties to the deal by 2030, according to a Global Economic Prospects report recently released by the World Bank Group (WBG).

A great number of Hanoi businesses learned about opportunities and challenges of the ASEAN Economic Community (AEC) during a discussion in the capital city on January 8.

The Ho Chi Minh City Department of Planning and Investment has asked for approval from the city's People's Committee to build a waste-to-power plant using thermal plasma technology from Trisun Green Energy Company, according to Tuoi Tre (Youth) newspaper.

Construction of the Hoa Sen Nhon Hoi steel sheet plant commenced on January 8 at Nhon Hoi Economic Zone, in the central province of Binh Dinh.

Wood export in the southern province of Dong Nai totaled US$1.2 billion in 2015, up 17% from 2014, according to the provincial Statistics Office.

Dozens of banks in Ho Chi Minh City have registered to provide loan packages worth VND211.5 trillion (US$9.3 billion) and US$15 million to support businesses in 2016.

Vietinbank and PG Bank did not finalise procedures to merge in 2015 as planned, according to Vietinbank's Chairman Nguyen Van Thang.

(VOV) - The American Chamber of Commerce (AmCham) in Ho Chi Minh City representatives will meet with nearly 100 businesses in Vietnam on January 15 to discuss measures to bring a wide range of Vietnamese goods and agricultural products to consumers in the US Walmart’s key retail markets in the US, Canada, Mexico, Japan, and Chile.

Vietnam's second largest mobile network operator MobiFone has acquired 95% of stake in Audio Visual Global JSC (AVG), an official told local media on January 7 after completing negotiations.

The Tuan Chau Group will build an entertainment, tourism and real estate complex with total investment capital of VND3 trillion (US$133 million) in Dien Ban town in the central province of Quang Nam later this year.

A number of banks are joining a race to hike interest rates for short-term deposits in Vietnam dong by 20 to 80 basis points, coupled with promotion programs, to mobilize more capital for higher lending demand ahead of the Lunar New Year holiday (Tet).

(VOV) - Rice exports have thrived from early this year as the signed contracts remain effective while import demand is high.

On January 11, Vietnam Motors Industry Corporation (Vinamotor), Vietnam’s biggest bus manufacturer, will conduct an auction to sell 85.6 million state-owned shares, equalling a 97.7% its total stakes, at the initial price of VND14,612 (US$0.64) per share.

Eight dairy firms would not have to pay extra value-added and import taxes totaling hundreds of billions of Vietnam dong for their Anhydrous Milkfat (AMF) imports if the Government okays a Ministry of Finance proposal.

The Vietnam government could sell stakes in some large state-owned enterprises this year, including network provider Mobifone and brewer Sabeco, a finance ministry official said.

Economists said the domestic real estate market is benefiting from stable macroeconomics.

The cumulative export turnover of the agro-forestry-fisheries products reached US$140.6 billion from 2011 to 2015, with an average annual growth rate of 9%.

A series of preferential policies and investment incentives will be given to investors who open new flights to Phu Bai international airport, according to the People’s Committee of central Thua Thien-Hue province.

Hanoi’s agricultural sector has been on the move to develop animal husbandry, processing and agricultural services instead of enlarging cultivation, Vice Chairman of the municipal People’s Committee Tran Xuan Viet said at a conference held in Hanoi on January 7.

The Management Board of the Ho Chi Minh City-based Saigon High-tech Park granted the first investment licences to three projects worth nearly US$100 million in total.