Business News

[25-06-2015] The pace of change in the global insurance industry is occurring more rapidly than could have been envisaged, concludes a report just published by PwC named ‘Insurance 2020 and Beyond: Necessity is the mother of reinvention’.

[24-06-2015] Vietnam is now the fourth largest textile exporter in the world with 12.18 billion USD earned from these products in the first six months of this year, according to the Vietnam National Textile and Garment Group (Vinatex). The figure represented a 10.26 percent increase from the same period last year.

[24-06-2015]  Deputy Prime Minister Hoang Trung Hai has told the Ministry of Planning and Investment to inform relevant parties of the Vietnam-Singapore Industrial Park (VSIP) project of a halt to this planned park on Phu Quoc Island.

[23-06-2015] To facilitate the online check-in procedure, as of June 25, passengers may enjoy the hassle-free check-in using their boarding pass (either printed on paper or displayed on mobile or tablet device), which has been processed through Web/ Mobile check-in, to go straight through security.

[23-06-2015] A regulation ordering bank guarantees to become mandatory for property purchases, which was to be completed in the future, has caused mixed concerns among property developers and buyers. Following Article 56 of the Law on Real Estate Business, to take effect on July 1, property developers, before selling or leasing unfinished or future property, must obtain guarantees from eligible commercial banks as assurances of their financial obligations to buyers.

[22-06-2015] Garment and textile export turnover reached USD12.18 billion in the first six months of 2015, a 10.26% increase compared to the same period last year. The US is still the biggest importer of Vietnam’s garment and textile products, making up 42% of the country’s total at USD5.18 billion, up over 11.01%. It was followed by the EU at USD1.45 billion, up 8.2%.

[20-06-2015] New capital from foreign investors is gradually flowing into the property market, not only in the premium segment, but also the medium one. The premium real estate segment remains the one which attracts the most foreign capital.

[19-06-2015] Citizens from the UK, France, Germany, Spain and Italy will now be able enjoy visa exemptions for stays that last no longer than 15 days. According to the recently issued Resolution No 46/NQ-CP, the policy will be in effect for one year, starting from July 1 and ending on June 30, 2016, and applies to all types of passports and immigration reasons, as long as they meet the conditions required by Vietnamese law.