Business

HCM City authoritites will spend around USD384.5 million on the purchase of 17 trains and equipment for metro route No. 1.

The Government's new VND30 trillion bank loan package is providing positive signals to Vietnam's gloomy real-estate market, said the Director of the State Bank's Credit Department, Nguyen Viet Manh.

UK companies wish to assist and invest in projects to build financial centres, urban railways and Long Thanh international airport for the strong development of Vietnam.

The 2013 Vietnam Anti-Corruption Initiative programme commenced on June 11, aiming to bring into play society’s roles and responsibilities in the field through raising public awareness of the law on preventing and combating corruption.

More banking staff are turning to work as lecturers at colleges and universities.

Domestic seafood exporters expected to achieve good business results in the second quarter of this year, according to experts.

The Vietnamese government spares no effort to improve its investment climate to support foreign investors, including those from the US, in doing business in the country.

A number of FDI projects worth billions of USD across Vietnam have been cancelled due to infeasibility.

Although the VAMC is hoped to resolve the problem of rising bad debts, banks have shown little interest in the company.

The European Commission Directorate General for Trade will meet on June 11 to unveil the Trade Sustainability Impact Assessment for the EU-Vietnam Free Trade Agreement.

Tourism managers must find solutions to deal with several problems in the industry so as to improve the country’s attractiveness, one official has said.

Deputy Prime Minister Hoang Trung Hai has asked the State Bank to consider increasing credit quota to farming households, and work with the Ministry of Agriculture and Rural Development to improve farmers’ access to capital.

The famous UK automobile manufacturer Rolls-Royce Motor Cars is expected to establish agents in Vietnam and Nigeria by 2014, according to the Voice of Russia.

Scores of Vietnamese shrimp processors and exporters are working with relevant agencies, lawyers and shrimp breeders to fight back the US Department of Commerce's recent levy of anti-subsidy duty on frozen warm-water shrimp imported from Vietnam.

If the Law on Enterprises is not properly amended, it would put nearly 3,000 enterprises on the brink of filing for bankruptcy, according to an official.

A business forum between Vietnam and Malaysia was held in Kuala Lumpur on June 7, drawing nearly 100 businesses from both countries.

The Hanoi People's Committee has approved new rates for services in apartment buildings.

UK Minister of Trade and Investment Lord Green will visit Vietnam next week to strengthen UK-Vietnam trade and investment ties, according to the British Embassy in Hanoi.

The branch of Vietinbank in Phu Yen Province has sued Vung Ro Port Company for its delay in repaying VND13.7 billion in debts.