Business

Vietnam's Government has released new regulations on overdue debt collections at State owned enterprises, which underline a message that SOEs must be more responsible in collecting their loans.

Despite the rising popularity of more risky investments, bank deposits are still considered the safest and surest way to keep money and earn stable returns in 2014.

Police in Quang Ninh Province arrested the director and two key staffs of 29 Hanoi Import-Export JSC Company, the producer of alcohol that recently caused six deaths.

Ministers from the 12 countries involved in the Trans-Pacific Partnership (TPP) free trade talks concluded their four-day meeting on December 10 without a full agreement, missing the year-end deadline.

Recent inspections have found several samples of local chicken and some types of imported fruits and vegetables to be unsafe.

Hanoi and Ho Chi Minh City will host the 2013 Commercial Counselor Conference and its associated events from December 16-31.

Vietnam Dairy Products Joint-Stock Company has received a certificate for investment worth US$7 million to acquire a 70% share of American company Driftwood Dairy.

Hearing about the expected lower Tet bonus this year, employees at many companies are trying to find extra work to earn some money for the holiday.

All Nippon Airways (ANA) announced on December 9 that it will operate direct flights from Tokyo to Hanoi and Vancouver in addition to others to London, Paris, Jakarta and Manila.

Tet bonuses for employees at Vietnamese enterprises are expected to be less than previous years, said a representative from the Ministry of Labour, Invalids and Social Affairs.

The government of Vietnam plans to eliminate around 1,000 state-owned enterprises that are operating inefficiently by 2020, one official said.

The Trans-Pacific Partnership (TPP) Ministerial Meeting opened in Singapore on December 7 with the participation of trade ministers and officials from the 12 TPP parties.

Nguyen Quang Vinh, the Vietnam Chamber of Commerce and Industry's Sustainable Development Business Office Director, believes the Extractive Industries Transparency Initiative would only benefit Vietnam’s natural resources management and promising mineral, gas, and oil industries.

Vietnamese exporters should be prepared to cope with an increasing number of anti-dumping and anti-subsidy lawsuits filed by key export markets, heard a conference held yesterday in HCM City.

Vietnam’s dairy industry boasts great potential for development thanks to increasing demand while the country still imports up to 70% of milk products.

Vietnam’s per capita income has reached USD1,960 in 2013, said the PM at the Vietnam Development Partnership Forum in Hanoi.

The People’s Committee of the central province of Binh Thuan and the Ministry of Transport on December 5 announced plans for the province’s Phan Thiet airport.

The three biggest energy groups of EVN, PetroVietnam and Vinacomin have reported high earnings in the first 11 months of the year.

Development partners have committed to maintaining their assistance level to Vietnam in 2014 as that pledged in 2013, although the country has risen to middle-income status, Minister of Planning and Investment Bui Quang Vinh has said.