Business

Electricity, aviation companies forecast for a great 2019

Electricity, aviation companies forecast for a great 2019

Power and aviation companies are among the industries forecast for better things this year, according to industry analysts.

 US toy producers plan to move operations to Vietnam

Several toy makers of the US are intending to move their production facilities in China to other markets, including Vietnam, due to concerns about negative effects from the US-China trade war.

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Cuban cigars hit record sales thanks to increasing Chinese demand

Boosted by growing demand from China, sales of Cuban cigars reached a record $537 million in 2018, a seven percent increase over the previous year despite global laws against tobacco, the partially state-owned Habanos said Monday.

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Vietravel plans new airline

Vietravel have announced plans to establish an airline which would be headquartered in the central province of Thua Thien-Hue.

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First Vietnamese billionaire listed in top 200 world richest people

Billionaire Pham Nhat Vuong has become the first Vietnamese to be named among the top 200 richest people worldwide.

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 Airports struggling to cope

More carriers serving Vietnam's aviation market is good news but infrastructure concerns simply must be addressed.

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Market transparency key to stable real estate development

Experts have said improving the transparency of the real estate market is critical to prevent inflated prices and ensure stable development.

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Religious tours in demand

Travel companies are busy with rising demand for religious tours during springtime.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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Vietnam’s public debt in 2018 was estimated to account for less than 61% of national GDP, according to an official from the Ministry of Finance.

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Local banks have increasingly sought cross-border borrowings in recent years after being pressured to raise capital for lending.

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HCM City Taxation Department have found it difficult to collect taxes from online businesses, said a local official.

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A man in the Mekong Delta city of Can Tho has been fined VND90 million (USD4,000) for the illegal exchange of US dollar at a local gold shop.

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Vietnam has seen a considerable increase in GDP per capita, but more efforts were needed to achieve the goal of USD3,200 by 2020.

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