Business

Vingroup has officially announced the development of its Vin Kids Center system in major cities across the country.

Vietnam has been urged to map out new agricultural strategies to keep up with the increasing demand for vegetables, fruits and dairy.

A new decree by the government concerning the trading of petrol has suggested stricter punishments for those who trade in low-quality products.

Though economic indicators showed improvements, more efforts are still needed for attaining the 5.5% GDP growth target, according to the National Financial Supervisory Committee.

Several ministries will cooperate to carry out an overall inspection of the baby formula milk industry in the next few days in an attempt to control the price.

The Agribank has signed a contract to sell its bad debts to Vietnam Asset Management Company, becoming the first bank to sell bad debts to the firm.

A non-performing loan resolution can only be achieved with strong inter-ministerial collaboration in Vietnam, the ADB said in its report.

The Ministry of Finance’s proposal to cut the minimum wage by VND100,000 per month from 2014 has encountered disagreement from government officials.

The Hanoi Department of Finance tightened its market management as part of its efforts to stabilise prices, curb inflation and ensure the supply of essential goods until the end of the year and the Lunar New Year.

State agencies are worried about the budget deficit while many big companies from various sectors ask for tax incentives and other support from the government.

The Vietnamese government is seeking investment from Japanese investors for a string of urban development projects.

All six companies in the aviation sector reported profits, said Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam.

The government of Vietnam will create the best possible conditions for Republic of Korean companies, including Samsung, to do long-term business in the country, says Prime Minister Nguyen Tan Dung.

The Ministry of Transport has warned three contractors and banned one other from bidding on new transport projects for two years after discovering violations.

The prevalence of US dollars in the Vietnamese economy had decreased significantly since the end of 2011 and the exchange rates had been stabilised, according to a State Bank of Vietnam statement.

The PM has called on ministries, sectors and localities to continue strongly applying measures to stabilise the macro-economy and rein in inflation.

The Ministry of Finance has proposed to freeze and extend tax debt repayment terms for ailing businesses which would be able to commit to paying tax in the future.

Vietnam is actively improving its market economy institutions in order to accelerate the country’s international integration, according to Prime Minister Nguyen Tan Dung.

President Barack Obama is naming seven executives from technology, drug and hospital firms to his export council, which advises him on ways to boost exports, the White House said Wednesday.