Business

Vietnam-Singapore business forum to bolster trade

More than 100 representatives from governmental agencies, enterprises and organisations will attend the 2014 Vietnam-Singapore Business Forum (VSBF 2014), which is expected to promote economic cooperation between the two countries.

Islanders enjoy same power price as mainland counterparts

Electricity prices in islands have been reduced to the same level as those in the mainland as of June 1.

Milk prices lowered in anticipation of price ceiling

Many shops and agencies have slashed retail milk product prices by 10% to 21% in anticipation of new regulations taking effect from June 1.

$48 trillion needed by 2035 to meet global energy needs: IEA

More than $48 trillion must be invested by 2035 to meet global energy needs as current technologies go offline and demand rises in emerging nations, the International Energy Agency said in a report launched in London on Tuesday.

President receives US Secretary of Commerce

President Truong Tan Sang on June 2 hosted a reception for the visiting US Secretary of Commerce Penny Pritzker who stated that the US is keen on boosting ties with Vietnam in all fields.

Banks give VND10 trillion to Vietnamese fishermen

The governor of the State Bank of Vietnam, Nguyen Van Binh, said that Vietnamese banks will disburse a total VND10 trillion in support of local fishermen.

VAMC sets annual target for debt purchases

The Vietnam Assets Management Company lans to purchase between VND70 trillion and VND100 trillion worth of non-performing loans this year.

Foreign investors keep faith in Vietnam’s investment environment

Most foreign businesses operating in the southern region have voiced their belief in the investment environment in Vietnam and affirmed they will continue with their operations in the country.

Vietnam, WB cooperate for better investment climate

The Vietnamese Government is willing to closely work with the World Bank (WB) to better the country’s investment climate and competitiveness.

PM Dung: Consistently struggle to protect national sovereignty

Prime Minster Nguyen Tan Dung has called for combined efforts to defend the country’s sacred sovereignty but avoid affecting the implementation of socio-economic development targets.

Vietnam lashes economic growth forecast

Economists at the Vietnam Centre for Economic and Policy Research say that economic growth in 2014 is expected to be lower than last year and the economic recovery remains tepid.

Noi Bai-Lao Cai highway to open in August

The Noi Bai-Lao Cai highway will open in August, project officials have confirmed.

National cohesion needed to reduce dependence on China

Vietnamese businesses should commit to lessening their reliance on imports from China, said National Assembly deputy Tran Xuan Hoa, Vietnam National Coal- Mineral Industries Group former Chairman.

Hanoi court suggests 30-year jail sentence for ACB Founder

The Hanoi People’s Procuracy on May 27 proposed imposing a 30-year jail charge on one of Vietnam’s top banking tycoons, Nguyen Duc Kien, for his role in a multi-million dollar scandal uncovered last year.

Amended Enterprise Law will make it easier to set up business

Amendments to the Law on Enterprises will create favourable conditions for setting up businesses, Minister of Investment and Planning Bui Quang Vinh said at the 13th National Assembly session in Hanoi on May 26.

US imposes anti-dumping tax on Vietnam’s steel pipe

The United States has levied duties on stainless steel pressure pipes imported from Malaysia, Thailand and Vietnam after finding the products had been sold at unfairly low prices.

Customers file complain over unlicensed building

Hundreds of people in Hanoi are seeking help after learning that the apartment building project in which they bought space had no construction permit.

Vietnam an attractive investment destination: PM

Writing on the blog of the World Economic Forum on May 23, Prime Minister Nguyen Tan Dung stressed the role of foreign direct investment in Vietnam's economy, reaffirming that FDI enterprises' success is taken as Vietnam's own.

Former Vinalines Chairman’s brother gets 16 year sentence

Duong Tu Trong, the younger brother of the former chairman of Vinalines, Duong Chi Dung, received an 16 year sentence for aiding the flee of his older brother.