Business

Heads of Vietnam Asset Management Company (VAMC) said they need more power instead of more money to deal with bank bad debt, because the legal framework is inadequate.

Deputy Prime Minister Nguyen Xuan Phuc confirmed the Government has been cautious in public debts management via stabilising the macro economy and improving the investment environment as he took the floor at the Q&A session of the ninth sitting

More than 17,920 cars were sold in Vietnam in May, which were fewer than the month before, but still higher than the same period last year.

Vietnam’s General Department of Energy and the Deutsche Gesellschaft fur Internationale Zusammenarbeit GmbH (GIZ), a German Federal Enterprise for international development, inked an agreement on June 12 to implement a joint project to scale up wind power in Vietnam.

Local retail electricity price will be adjusted under a market mechanism by 2016, said Minister of Industry and Trade Vu Huy Hoang.

Vietnam's tourism sector has many weak points, causing it to lag behind many regional competitors, said Deputy Prime Minister Vu Duc Dam.

Transport Minister Dinh La Thang backed the purchase of 13 trains from China for the Cat Linh-Ha Dong urban railway project, at a cost of USD63m, despite public concerns about quality and safety.

Vietnam takes the lead among the world's shrimp supplier community for the highest number of businesses that have been granted four-star Best Aquaculture Practices (BAP) certification.

The door to the 28-member European Union will open wider once the Vietnam-EU free trade agreement comes to life, as long as Vietnamese seafood exporters ensure food hygiene and safety, the Thoi bao Kinh te Viet Nam (Vietnam Economic

The country's investment climate has witnessed significant improvements following three challenging years of macroeconomic instability, according to Minister of Planning and Investment (MPI) Bui Quang Vinh.

Vietnam pledged to implement signed trade agreements and conclude 14 free trade pacts with 55 foreign partners, towards creating a basic foundation for the Southeast Asian country to integrate deeper into the international community and widen future cooperation opportunities.

This year's Vietnam Midterm Business Forum (VBF) was held on June 9 at the Crystal Grand Ballroom at the Lotte Hotel in Hanoi with hundreds of representatives from the public and private sectors in attendance.

The country's tax revenues in the first five months of this year continued to grow despite reduction in tax collection from crude oil, according to the General Department of Taxation.

The recently signed free trade agreement (FTA) between Vietnam and the Eurasia Economic Union (EAEU) seeks to double bilateral trade to US$7 billion by 2015 and reach US$10 billion by 2020.

Lauded as the land of the rising middle class, with surging spending power and plenty of room for retail banking growth, Vietnamese local banks will likely continue to be merge and acquisition targets of foreign investors.

The competitiveness of Vietnamese agricultural and aquatic products is weakening compared to that of foreign counterparts in the global market, leading to a dramatic fall in these commodities’ exports so far.

Overseas Vietnamese intellectuals and experts gathered at a forum in Ha Noi yesterday, contributing opinions to the country's economic development and integration during 2016-20.

Clothing and apparel is expected to remain the country's top export item in the foreseeable future, contributing almost 20 per cent of the projected growth in total merchandise exports in the decade to 2030, according to an HSBC report.

Small companies are finding it hard to compete with technological and product diversity as they struggle to gain a foothold in the marketplace.