Business

Greece heads for more crunch talks with European creditors

Time is running out for Greece to reach a deal with bailout creditors and prevent the country going bankrupt, the eurozone's top official said Friday as he headed into discussions with his colleagues from the 19-country single currency zone.

'Cement should be top export'

Vietnam should have a long-term strategy to make cement a large-scale and high-value export product to give a boost to the country's export revenue, said Deputy Minister of Construction Nguyen Tran Nam.

Hanoi’s CPI gains 0.2 percent in April

Hanoi’s April Consumer Price Index (CPI) rose by 0.2 percent against the previous month and 0.74 percent annually, said the city’s Statistics Office.

Vietnam revives logging industry by going green

The Ministry of Agriculture and Rural Development (MARD) recently revealed that the government plans to sign a voluntary partnership agreement (VPA) related to the timber industry with the European Union (EU) by the end of the year.

Vietnam’s railway sector to open to private investors

Vietnam National Railway Corporation (VRC) is calling for private investment in railway infrastructure, surrendering its monopoly, to improve service.

Japanese investors stepping up presence in Vietnam

Japanese small and-medium investors are increasing their investment in processing, manufacturing and retail in Vietnam, according to the first quarter report by the Ministry of Planning and Investment (MPI).

Spring Economic Forum discusses investment environment reform

Titled “Continuing to reform the investment and business climate in Vietnam: Turning Words into Action”, the 2015 Spring Economic Forum opened on April 21 in Vinh City, Nghe An province.

Vietnam’s agro export revenue drops 10pc

Vietnam saw an abnormal 10 percent fall in agricultural and seafood export revenue in the first quarter of 2015, official said.

Illegal tours hit authentic tourism services in Khanh Hoa

Major tour companies are scaling back operations in Khanh Hoa Province’s Nha Trang City as the number of Russian tourists coming to Vietnam dwindles and small, unlicensed operators, undercut the market.

Deputy PM: Agriculture essential for national development strategy

Developing agriculture and ensuring food security should play a central role in the national development strategy of any country, Deputy Prime Minister Nguyen Xuan Phuc has said.

Vietnam to allow greater foreign stakes in banks

Vietnam is changing rules to allow foreign investors bigger stakes in local banks in its latest move to rebuild a financial sector battered by bad debt, according to the country's prime minister.

Banks see improved business climate in 2015

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Vietnam (SBV) survey said.

Loan demand rises as from March

Financial institutions have reported a rise in the demand for loans since the beginning of March, according to a survey conducted by the Monetary Forecast and Statistics Department under the State Bank of Vietnam.

Q1 textile, garment exports fail to meet high expectations

Though exports for textile and garments in the first quarter (Q1) reached US$4.75 billion, industry insiders said the figure was worse than forecast, the Hai quan (Customs) newspaper said.

Housing stimulus disbursement stagnates

The disbursement of the VND30-trillion (US$1.38 billion) housing stimulus package has been stagnant, despite the increase in the number of successful transactions in the real estate market.

Lacking money, MOF attempts to raise fees

The anticipated loss of revenue of the state budget in 2015 has put pressure on the Ministry of Finance (MOF), which plans to impose higher fees to offset losses.

Vietnam firms struggle to expand in Russia

Two-way trade between Vietnam and Russia hit US$2.6 billion last year. However, it accounted for less than 1 per cent of Vietnam's total import-export activity with the world, which was $298.2 billion.

Will the Vietnamese automobile market fall into Thai hands?

The lucrative Vietnamese $12 billion per annum automobile market could help rescue the Thai automobile industry, which is now facing difficulties.

Civil aviation agency ups security to avoid smuggling

Head of the Civil Aviation Authority of Vietnam (CAAV) Lai Xuan Thanh asked Vietnam Airlines (VNA) to implement measures to prevent smuggling and illegal transportation of property and goods.