Phu Quoc, 40 kilometres west of southern Kien Giang province, is the biggest island in Vietnam where hospitality investment has shaken up the emerging real estate sector here over the past few years.

Thailand plans to produce about 25 million tonnes of rice in the 2016-2017 crop instead of the normal production output of between 31-32 million tonnes in the last periods, according to the latest report released by the country’s Ministry of Commerce.

Experts say the new mechanism for exchange rate introduced by the State Bank of Vietnam (SBV) has created flexibility, enabling both credit institutions and enterprises to exercise greater control over their business operations.

The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.

Deputy Prime Minister Vu Van Ninh has asked the Finance Ministry to complete a draft resolution on tax incentives for IT firms and collect suggestions from relevant ministries and the Ministry of Justice for submission to the Government this month.

Ford Vietnam recently announced its sales in December last year rose 60% year-on-year to 2,634 vehicles, bringing the total cars sold in 2015 to the best-ever record of 20,740 units, up 48% against the previous year.

Malaysian Sime Darby Bhd, seller of 30 different brands of vehicles across Asia, recently established a unit in Vietnam to retail cars and spares.

Deputy Prime Minister Hoang Trung Hai requested Vietnam's aviation industry to create breakthroughs in building and upgrading airports in a bid to name it in the top four in ASEAN. 

(VOV) -More than 400 young people and students joined the 2016 Business Startup Festival hosted by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on January 9.

(VOV) - Vietnam’s exports rose 8.1% in 2015 compared to a year earlier and were considered a highlight of the national economy with their expanded scale, contributing to GDP growth and generating more jobs for workers, particularly in the production of farm produce. 

HCM City is waiting for approval from the Government to expand a chain of software parks including into other provinces following the success of its Quang Trung Software City.

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.