Business

The Ministry of Finance said that it would be difficult to finish drafting a decree on preventing transfer pricing within only a few months.

Japan will pour $30 billion (27 billion euros) in investment into Africa by 2018, including $10 billion in infrastructure development, Prime Minister Shinzo Abe said on Saturday at a summit in Nairobi.

Prime Minister Nguyen Xuan Phuc has urged the south central province of Ninh Thuan to give more specific policy commitments to win investors’ confidence.

Many experts have said Vietnam had set too optimistic targets based on its current capacity at a conference on Vietnam’s industrial policies during global integration.

From now until the end of the year, total public debt could reach VND3,000,000 billion (US$134.5 billion) and each Vietnamese will shoulder an additional VND4 million (nearly US$180) of public debt.

The state treasury of Việt Nam offloaded more than 92 per cent of the bonds planned for the year as of August 24, according to the Hà Nội Stock Exchange.

The recent acquisition of the remaining 30% stake in Driftwood Dairy Inc., one of California’s largest processors of milk and dairy products based out of the City of El Monte, by Vinamilk is a textbook example of how to

Saigon - Hanoi Bank (SHB) is no longer a shareholder of the Saigon - Hanoi Securities JSC (SHS), after selling its 4.8 per cent stake.

The Transport Development and Strategy Institute under the Ministry of Transport (MoT) has recently proposed mobilizing over VND91 trillion ($4 billion) to develop infrastructure and logistics systems in the Mekong Delta during the 2016-2020 period.

Hung Nghiep Formosa Ha Tinh Steel Co. Ltd. has said that the firm will transfer the remaining half of the USD500 million pledged total compensation to the Vietnamese government on August 28.

For the first time the tourism sector in Ho Chi Minh City has cooperated with the railway sector to open railway tours over the National Day holiday on September 2 and in the final quarter of the year.

The Vietnam Association of Seafood Exporters and Producers (VASEP) is seeking the government's help to get compensation from Formosa for its members.

A businesswoman has attacked the Vietnam Prosperity Joint-Stock Commercial Bank after an employee stole USD1.2m from her account and the bank made no attempt to help her.

Vietnam’s August consumer price index (CPI) rose 0.1% against July, up 2.58% over the same period last year, posting the lowest increase since February this year, according to the General Statistics Office (GSO).

The Vietnam Chamber of Commerce and Industry (VCCI) signed an agreement with 32 central and southern provinces and cities for creating a business-friendly environment at a ceremony in Ho Chi Minh City, on August 24.

The Ministry of Planning and Investment (MPI) has proposed that Agribank be equitized by 2020 as part of restructuring the financial market and completing the legal framework for the monetary and banking system.

According to the laws on housing, all business activities must be moved out of residential apartments by June 30 but the local authorities of Hanoi are still struggling to implement the laws.

Many enterprises in Quang Binh Province are struggling due to massive frozen fish inventories after buying fish from local fishermen affected by the recent fish deaths.

Vietnam is likely to intensify scrutiny of income tax paid by foreign workers, a seminar heard in HCM City.