Business

Foreign currency account opening regulated

The State Bank of Vietnam has recently issued a circular, which will be effective on February 14, 2014, to regulate the opening and usage of foreign currency accounts to serve direct investment activities in other countries.

Passengers continue to complain about airport service prices

Although Vietnamese authorities have taken several measures to control goods prices at domestic airports, many passengers still complain about high prices.

Vinamit named Outstanding ASEAN Entrepreneur Entering China

The China-ASEAN Business Council on January 7awarded Vinamit Joint Stock Company the honorary title of Outstanding ASEAN Entrepreneur Entering China in 2013.

WB's reports on Vietnam logistics, waterway transport

The World Bank released findings from its study on Vietnam’s logistics and inland waterway transport in Hanoi on January 7.

Draft US regulations hinder Vietnamese seafood exports

The Ministry of Agriculture and Rural Development warns the seafood inspection legislation the US Government is considering risk negatively affecting Vietnam’s seafood export businesses.

ATMs overloaded for Tet

Banks say they will try to keep a smooth ATM maintenance service on Tet, when the demand for cash sharply increase.

Japan investors expanding e-commerce in Vietnam

Japan’s CyberAgent Ventures, Inc. on January 7 announced it is investing in an online sales solution at Internet Bizweb.vn, which is owned by DKT Company – a Vietnamese e-commerce service provider.

Fruit tree made into bonsai for Tet

Bonsai growers in Vietnam have become quite imaginative this Tet season, making fruit trees into bonsai.

US unveils anti-dumping duty on Vietnam’s steel pipe

In its preliminary determination, the US Department of Commerce has found Vietnam and two other Southeast Asian countries dumped their welded stainless pressure pipes on its market.

Deputy PM requests assurance of electricity from 2014

The Deputy Prime Minister has requested that the Electricity of Vietnam ensure the domestic power supply starting in 2014.

Lao Cai casino upgrades

ASX-listed Donaco International last week signed a binding agreement to take the majority stake in the Lao Cai International hotel and casino.

Con Dao Island to get wind-power station

A wind-power station will be installed on southern Ba Ria-Vung Tau Province's Con Dao Island this year and be put into operation in the third quarter of 2015.

Investment climate under reform pressure

Vietnam attracted more than USD21 billion in FDI in 2013. But experts warn the country risks lagging behind without stronger efforts at reform.

Transport Minister criticises railway sector

Vietnam Railways reported lucrative profits of VND170 billion for 2013, but Transport Minister, Dinh La Thang, pointed out weaknesses.

Decree regulates non-cash transactions

The Government has recently issued a decree, which will be effective on March 1, 2014, on non-cash transactions, specifying cases which are not allowed to pay in cash.

No government back up for foreign loans

The Vietnamese Government will not be responsible for foreign loans that it has not guaranteed, according to a new prime ministerial decree.

Mekong Delta region does not meet potential for tourism

Several measures have been proposed in order to foster the development of tourism in Vietnam’s Mekong Delta region which still lacks many products and services.

Vietnam attracts nearly US$22 bln in FDI

Vietnam lured a total of US$21.6 billion in foreign direct investment in 2013, a year-on-year increase of 54.5%, according to the Foreign Investment Agency.

Russia's 2013 oil output hits post-Soviet high

World energy power Russia said that its 2013 oil output hit a post-Soviet high while natural gas production of its giant Gazprom holding slipped for the second successive year.

Stock market records highest growth in Southeast Asia

The Vietnam stock market skyrocketed in 2013 with a growth rate of over 20%, while other countries in Southeast Asia chiefly saw a decrease or modest rise of 3-10%.

576 577578579 580