Business

Consequences of the recession still haunt Vietnam's economy, as nearly 28,000 enterprises are reported to have shut their doors in the first five months of 2014.

Russia’s new Turn East energy policy opens up huge opportunities to exploit Vietnam and Russia’s advantages in the oil and gas field, said Russia’s Deputy Minister of Energy Yury P.Sentyurin.

Vietnamese ministries have stated that they have not received any official policy documents from China regarding a ban on state companies to bid for new projects in Vietnam.

The minister of Transport has stated that Vietnamese contractors would be able to carry out the planned projects if the Chinese government banned companies from bidding for contracts in Vietnam.

The State Bank of Vietnam has said it will keep a close watch on the forex market and make a timely intervention if necessary to stabilise the market.

Dung Quat Economic Zone in central Quang Ngai Province is seeking investment capital of US$2 billion in 10 to 15 projects over the next two years.

Forbes Vietnam, the Vietnamese edition of the international Forbes magazine, has announced a June list of the top 50 companies on the country's stock exchange, led by Vietcombank.

Vietnam and Italy have agreed to work harder to lift two-way trade to 5 billion USD by 2016 from the current figure of 3.5 billion USD.

Vietnamese banking tycoon, Nguyen Duc Kien, was sentenced to 30 years in prison for four offenses, the same term suggested by People's Procuracy.

Despite rising tensions in the East Sea, China remains Vietnam’s most important market for rice exports, accounting for over 40% of the market share.

The governor of the State Bank of Vietnam talked about a VND10 trillion package to support fishermen working in the East Sea.

Japan's prime minister told parliament Monday he would boost his efforts toward restarting commercial whaling, despite a top UN court's order that Tokyo must stop killing whales in the Antarctic.

The Chinese government has temporarily stopped its state-owned companies from bidding for fresh contracts in Vietnam, several sources familiar with the matter said.

Prime Minister Nguyen Tan Dung on June 8 attended the inauguration ceremony of a bridge spanning the Red River, linking Hanoi’s outlying town of Son Tay with Vinh Tuong district in Vinh Phuc province.

Enterprises in Vietnam have asked that the government limit next year's increase in minimum salary to 10% to 12%.

At least 80 Vietnamese companies are showcasing their high-quality Made-in-Vietnam products and services at the second China-South Asia expo which kicked off in Kunming, China, on June 6.

Food quality managers in Vietnam has asked Chinese agencies to investigate about 300 tonnes of fruits imported to Vietnam that turned out to have been contaminated.

On June 6, the World Bank’s Board of Executive Directors approved a US$250 million credit to the Government of Vietnam, for the Second Economic Management and Competitiveness development policy operation.

Amid the East Sea dispute, many National Assembly deputies have suggested that Vietnam take on a policy that would make it less economically dependent on China.