Business

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.

The US Department of Commerce (DOC) has issued a preliminary decision on anti-dumping duties on circular welded carbon-quality steel pipes (CWP) imported from Vietnam, the Vietnam Competition Authority (VAC) announced recently.

According to the Ministry of Finance, weak and inefficient firms should go bankrupt if the equitisation process fails.

The HCM City Department of Transport is seeking the municipal people’s committee's approval for a local company to pilot 100 electric cars.

The World Bank (WB) is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January.

More Vietnamese companies have planned to invest in African countries, seeing them as lucrative markets for their projects, according to the Ministry of Industry and Trade.

A new air route linking Vinh city in the central province of Nghe An to Thailand’s capital city of Bangkok was launched on June 8 with a ceremony at Vinh Airport.

Calculating the cost and choosing the investors and contractors for BOT projects must be transparent, Deputy Prime Minister Trịnh Đình Dũng said.

Chairwoman of Sovico Holdings, Nguyen Thi Phuong Thao, has become the first Vietnamese women to be listed among Forbes' World's 100 Most Powerful Women this year.