Business

Vietnam becomes more attractive to foreign investors

Potential emerging markets like Vietnam have become more attractive to foreign investors, especially at a time when a financial bubble in many of the world’s developed economies is likely to occur.

Binh Duong helps companies in wake of anti-China protests

The southern province of Binh Duong has implemented support plans for local companies affected by anti-China demonstrations in May.

Inter-bank rate raised by 1 per cent

The dong/US dollar inter-bank exchange rate increases by one per cent today after remaining intact for a year.

Travel agencies charge for children

Many Vietnamese parents are complaining that local tour agencies are using various tricks to take money from children, who should get free services.

Top 50 businesses in Vietnam named

A ceremony was held in Ho Chi Minh City on June 17 to announce the top fifty most effective businesses in Vietnam.

Foreigners working in Vietnam may face more cumbersome procedures

Some provisions under the draft law on immigration and residency for foreigners in Vietnam have come under fire due to their obvious lack of practicality.

Gazprom eyes 49% stake in Dung Quat Oil Refinery

Gazprom Neft plans to buy a 49% share in Binh Son Refining and Petrochemical, which controls and manages the Dung Quat refinery.

Mobifone given $3.4b price tag

The HCM Securities Corporation (HSC) has valued Mobifone at about US$3.4 billion.

Vietnam, Netherlands establish strategic agricultural partnership

Prime Minister Nguyen Tan Dung and his Dutch counterpart Mark Rutte have agreed to set up a strategic partnership on agriculture and food security at their talks in Hanoi on June 16.

Conference discusses draft decree on fisheries development

Deputy Prime Minister Vu Van Ninh has chaired a conference in the central coastal city of Da Nang to collect ideas on the government’s draft decree on developing the fisheries sector.

Singapore leads foreign investment in HCM City

Singaporean companies are very pro-investment in Vietnam and have emerged the prominent leader among foreign companies investing in HCM City in the early months of 2014.

PM gives go-ahead for Mobifone, VNPT split

Major mobile network operator Mobifone has split from the State-owned Vietnam Posts and Telecommunications, and is now under the management of the Ministry of Information and Communications.

Vietnam should stay focused on economy, despite East Sea issue: Deputy PM

Deputy PM Nguyen Xuan Phuc has said all ministries, sectors and agencies had been told to stay focused on socio-economic tasks despite any ill effects from China's East Sea actions.

CPI to rise due to health-care charges

The country's consumer price index in June is set to increase between 0.5 and 0.6 percent against the previous month, according to the Vietcombank Securities Co.

Expert accuses Chinese investors of scheming on Vietnamese resources

An official from the China Economic Research Programme gave an interview about economic relations between China and Vietnam amid rising tensions over the East Sea.

First quarter sees thousands of company closings

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.

Vietnam highlights investment from Russian oil and gas firms

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.

Vietnam receives no official statement of China's contract ban

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.

Vietnam aims at independence from Chinese contractors

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.

Foreign exchange market to be stabilised

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.

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