Business

Government policies encourage the production of low-quality rice at the expense of high-quality rice producers, affecting the country’s competitiveness, according to one expert.

The Ministry of Finance's inspection team has lost in a lawsuit for tax arrears, the judgement required that they return over VND7.17 billion to a company in HCM City.

Vietnam needs only 30-40 large banks to ensure the sufficient supply of capital for national enterprises, an official has said.

A recent survey found that many firms in Vietnam prefer to ask gangsters’ help to collect debts because of cumbersome legal proceedings, one official said.

Sacombank has just announced a plan to merge with Southern Bank this year as part of the effort to step up the bank restructuring process.

A policy to grant a 30-day visa exemption for foreign passport holders visiting Phu Quoc Island off the coast of the southern province of Kien Giang took effect on March 10.

The Electricity of Vietnam on March 9 held a ground-breaking ceremony for the Vinh Tan 4 thermal power plant in the central coastal province of Binh Thuan.

Virginia wants to work closely with Vietnam to further develop their economic, trade, investment and education ties, governor Terry McAuliffe has said.

The impacts of a Vietnam-EU trade deal were discussed at a seminar hosted by the European Trade Policy and Investment Support Project in Hanoi on March 7.

Twenty General Directors and CEOs from small and medium-sized enterprises in Japan’s Saitama prefecture arrived in the southern Binh Duong on March 7 to seek investment opportunities.

The Ministry of Information and Communications has just signed a memorandum of understanding with Microsoft, with the aim of promoting information technology development across Vietnam.

A NA deputy has put up questions about the slow disbursal of the VND30 trillion real estate stimulus package which was launched in June last year.

Approximately 10,869 companies registered to begin trading in the first two months of this year with combined capital of VND62.9 trillion, up 13.1% in number and 28.4% in value against the same period last year.

A number of luxury house spaces for rent in Trung Hoa-Nhan Chinh urban area are being abandoned because of fleeing businesses and high rental fees despite economic downturn.

Another foreign investment wave has been forecast to come to Vietnam from multi-national companies during the 2015-2020 period.

The Hongkong and Shanghai Banking Corporation (HSBC) has revised down its forecast for Vietnam ’s Consumer Price Index to 6.5 percent from 7.3 percent this year.

Global real estate company Knight Frank reveals the number of ultra-high-net-worth individuals in Vietnam’s HCM City is expected to triple by 2023, from 90 to 246, the largest increase along more than 80 cities worldwide.

China's finance minister suggested on Thursday that a growth rate of "7.2 percent or 7.3 percent" would be acceptable, a day after the country announced a 2014 target of "around 7.5 percent".

Airlines in Vietnam have been rushing to offer cheap airfare as demand in the travel market falls after Tet.