Opportunity and informal costs place a financial burden on local enterprises, said Phan Duc Hieu, vice president of the Central Institute for Economic Management (CIEM), at a workshop in HCMC on Tuesday.
An investor from South Korea has been given the green light to develop a smart media city project worth US$22 million in Thua Thien-Hue Province, according to a representative of the provincial government.
US Express, an e-commerce business specialised in purchasing and shipping goods from the US to Vietnam, on April 17 held the "Sale-off Authentic Brands" event aiming to launch its system connected to Nordstromrack and HauteLook, the biggest sale-off authentic brands in the world.
The Czech Republic-Viet Nam Business Forum was held in Prague on Tuesday within the framework of Prime Minister Nguyen Xuan Phuc’s ongoing visit to the European country, drawing representatives of more than 100 enterprises and investors of both sides.
Mergers and acquisitions are on the upswing in the crowded Vietnamese retail market, bolstered by local retailers expanding their presence amid fierce competition.
Deputy Prime Minister Trinh Dinh Dung received CEO of Marubeni Corporation Masumi Kakinoki in Ha Noi on Tuesday, calling on his firm and other Japanese businesses to increase co-operation with Vietnamese firms.
The central province of Thua Thien Hue granted approval in principle for seven projects with a total investment capital of more than VND13 trillion (US$558 million) in the first quarter of this year.
There is great potential for trade between Viet Nam and Nigeria and investment in many sectors like agriculture, agricultural processing, garment, footwear, mining, and production of construction materials, a bilateral trade and investment forum heard in HCM City on Tuesday.
The significant fuel and electricity price hikes are forecast to raise the country’s consumer price index (CPI) in the second quarter of the year by 3.3% versus the year-ago period, according to a recent study released by the Vietnam Institute for Economic and Policy Research (VEPR).