Business

Several experts have suggested raising the US dollar deposit rates, which are currently pegged at zero percent, in order to attract domestic savers.

President of the Asian Development Bank (ADB) Takehiko Nakao has vowed that his bank will continue to give strong support to Vietnam through loans of about 1 billion USD each year, as soon as it builds a new Country

Russia-based petroleum company, Rosneft, and the PetroVietnam Oil Corporation (PV Oil) signed a long-term oil supply deal at the 20th International Economic Forum in Saint Peterburg, Russia on June 16.

Prime Minister Nguyen Xuan Phuc called on Vietnam and Thailand to redouble their efforts in order to bring bilateral trade to 20 billion USD in 2020.

The state-owned shipping firm Vinalines is seeking permission from the Ministry of Finance and the Ministry of Transport to sell six cargo vessels at low prices in order to cut losses and repay debts.

Thailand, Singapore and Malaysia doing much better than Vietnam in tourism promotion, international arrivals, and growth.

Minister of Industry and Trade Tran Tuan Anh has requested an investigation into how the son of former minister Vu Huy Hoang was appointed to key positions in major firms owned by the ministry.

Ten Vietnamese brands are listed among Asia’s top 1,000 brands, of which Vietjet Air is among top 500, according to global marketing research company Nielsen.

The Asian Development Bank and Orient Commercial Joint Stock Bank have signed an agreement under which ADB’s Trade Finance Program will provide guarantees of up to $20 million a year to support trade in Vietnam.

The Vietnam Association of Financial Investors urged the Ministry of Industry and Trade to inspect former minister Vu Huy Hoang’s appointment of his son to a key position in one of HCM City’s largest state-run beverage companies.

Vietnam is drafting a law on extending support to small and medium-sized enterprises (SMEs).

The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) has agreed to add 12 Vietnamese businesses to the list of eligible pangasius fish (Siluriformes) exporters to the US.

600 workers at Taiwan's Formosa Textile Company in Ba Ria-Vung Tau Province have gone on strike to protest against what they describe as unreasonable regulations.

The Vietnamese real estate market is poised for strong growth in the next 15 years, a foreign expert has said.

The central city has asked the ministry of transport to allocate funds for key transport infrastructure projects – Liên Chiểu port and the East-West Economic Corridor No 2 (EWEC2) connecting Thailand, Myanmar, Laos and Việt Nam – in 2016-20.

The Airports Corporation of Việt Nam will pour over VNĐ 26.2 trillion (US$1.17 billion) for the upgradation of airports to meet travel demands and socio-economic development by 2018.

More than 300 property exchange floors will take part in an event held by the Vietnam Association of Realtors in central Đà Nẵng City on June 25.

Vietnam’s import of petroleum products from the Association of South East Asian Nations countries rose sharply in the past five months, according to the Ministry of Industry and Trade.

Credit ratings agency Moody's has responded positively to the State Bank of Vietnam's Circular 06/2016/TT-NHNN on asset-liability management and real estate loans.