Business

Authorities in Quang Nam province received approval from the prime minister to cancel the construction of 20 hydropower projects.

Vietnam and India have signed two memorandums of understanding to boost bilateral cooperation in information and communications technology.

It’s necessary to work out detailed policies which will bring about practical benefits to farmers, one official has said.

It is necessary to offer preferential loans to more types of customers, rather than focusing primarily on low-income people, an official said.

Supermarkets are likely to increase prices of many products following recent increases in overhead, which may slow sales.

Hanoi police have prosecuted a chairman of a real estate company for allegedly swindling hundreds of billions of VND from investors.

The Vietnam - Germany Friendship Association and Germany’s Friedrich-Ebert Stiftung on July 3 co-organised a seminar to talk the future of European and the Euro crisis.

Vietnam is forecast to incur a trade deficit of USD9 billion this year, one ministry said.

Hanoi authorities have announced that they will supply 15,500 apartments for low-income people by 2015.

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.