Business

Though the economy appears to be recovering, investors are becoming more cautious as they face further risks from the financial market.

Vietnam and the European Union kick-started the fourth round of free trade agreement negotiations in Brussels on July 2, hoping to form a cornerstone of a complete pact.

The Vietnam manufacturing sector was hit by marked downturns in output and new orders in June, leading companies to cut employment and purchasing, according to HSBC.

Though the State Bank of Vietnam has lowered interest rates, banks have still found it hard to loan because so few enterprises qualify.

Civil servants members of the armed forces and socio-political organisations staff will enjoy an increase of 9.5 percent to their monthly minimum wage from July 1.

Finnish telecommunications company Nokia on Monday said it had agreed to buy German engineering giant Siemens' 50 percent stake in their mobile broadband joint venture NSN for 1.7 billion euros.

At least 21 violation cases were detected in the banking sector in the first five months of this year, according to the Government Inspectorate.

If the inflation rate is kept stable electricity prices may increase by 15% this year, said the National Financial Supervisory Commission.

Overseas Vietnamese and local entrepreneurs will gather at a meeting in the Tay Nguyen (Central Highlands) province of Lam Dong's Da Lat city from August 6-9.

Vietnam’s exports of aquatic products are forecast to hit 6.5 billion USD this year, about 300 million USD more than last year’s figure.

A coffee service on motorbikes and bicycles, which requires only a small investment capital but can generate big profit, have become more popular in HCM City.

Huyndai Vinashin announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.

The State Bank of Vietnam has just issued circulars that further lowered the deposit and lending interest rates of foreign credit institutions.

The Ministry of Industry and Trade and provincial authorities have agreed not to go ahead with 338 hydro-power plant projects with a total capacity of more than 1,000MW.

Foreign firms which want to invest in Vietnam often have to spend between USD10-20,000 to get a license, an official said.

Many Vietnamese banks are seeking support from foreign partners, including Japanese investors, in a bid to boost their capital.

The chairman of Bao Son Group exposed more details about the nature of the case which led to the arrest of the chairman of Bao Long Medical Group.

The Vietnam Rubber Group, which was accused of land grabbing in Laos and Cambodia by Global Witness, has a new chairman.

An expert has said that Vietnam may face the risk of inflation resurfacing in the coming time if the prices of medicine and health services continue rising.