Foreign investment through both direct investment and M&A (mergers & acquisitions) deals is expected to keep flowing into the local market this year despite challenges ahead, experts said. Economic expert Pham Chi Lan said that capital flow from ASEAN enterprises will run strongly into Vietnam to take advantage of opportunities from the ASEAN+1 market in 2015. Businesspeople from the Philippines,... 

Domestic gold prices rallied strongly on the first transaction day of 2013 on Wednesday, far outpacing the global price uptrend. Saigon Jewelry Company (SJC) at 2:00 p.m. posted up gold prices at VND46.36 million and VND46.76 million a tael for buying and selling, up nearly VND1.8 million and VND500,000 against last Saturday respectively. A tael equals 1.2 troy ounces. SJC deputy sales manager Nguyen... 

Vietnam’s low-cost Jetstar Pacific Airlines has replaced all Boeing B737-400 planes with new Airbus A320 aircrafts as part of its strategy to improve performance in the face of increasing competition right in the domestic market. Jetstar Pacific has operated a fleet of all five Airbus A320 aircraft now after the carrier removed its last Boeing B737-400 from services last Monday. The airline told... 

The Ministry of Finance has proposed the Prime Minister extend the interval between the adjustments of fuel prices from the current ten days to 15 days, according to the Ministry of Industry and Trade. The industry ministry last Tuesday submitted to the Prime Minister suggestions for amendment to Decree 84 in order to make the pricing regulations more appropriate with the reality. The industry ministry... 

REUTERS – U.S. stocks began the new year with a broad rally on Wednesday, sparked by a last-minute deal in Washington to avert the “fiscal cliff” of tax hikes and spending cuts that threatened to derail the economy. In 2013′s first trading session, the S&P 500 was on target for its best percentage gain since November 19 and highest close since October 19. The Dow Jones...