Business

Many banks and listed companies have announced plans to cut bonuses and salary for top executives this year if they fail to reach their business targets.

Capital planning for mammoth Hanoi-Can Tho expressway upgrading and expansion project is put under the microscope in anticipation of a National Assembly review for bond financing.

Authorities in the southern coastal city of Vung Tau have set up hotlines for tourists to tackle possible overcharging.

Economists and authorities of Binh Dinh Province have supported the implementation of a USD27-billion oil refinery project despite strong opposition from PetroVietnam.

Development planning for the Mekong Delta was discussed at an international workshop in Hanoi on April 24, hosted by the Vietnam – Netherlands Friendship and Cooperation Association and the Water Resources University.

Deputy Prime Minister Hoang Trung Hai approved the municipal People's Committee of Hanoi's proposal to revise the master plan for the Starlake – the biggest urban development project ever in Hanoi.

Vietnam’s macroeconomics is on the right track, said Alfred Schipke, head of an International Monetary Fund team reviewing macroeconomic and structural policies.

Luxury shopping centres are being threatened with closure in Hanoi due to a lack of customers.

President Truong Tan Sang and the Acting Trade Representative of the US, Ambassador Demetrios James Marantis said they believe Vietnam and the US will soon reach an agreement on the Trans-Pacific Partnership.

The Government Inspectorate has announced that it intends to inspect the SBV’s business management and activities.

Vietnam Oil and Gas Group has proposed the MoIT to turn down proposals for a USD27-billion oil refinery project in Binh Dinh.

A business delegation from Russia has gathered in Hanoi to discuss the strategic economic partnership between Vietnam and Russia.

The April consumer price index for Hanoi decreased 0.15 percent, but still up 5.6 percent against the same period last year, according to a report from the Hanoi Statistics Office.

Authorities of Kien Giang province are speeding up efforts to connect the island districts of Phu Quoc and Kien Hai with the national power grid to fuel local development.

The State Bank of Vietnam has quashed rumours that it planned to issue new bank notes in the near future, an official has said.

According to the VCCI's report for 2012 the country remained lacking in large and medium-sized enterprises, causing possible difficulties for the economy.

The Mekong Delta city of Can Tho has set a goal to become an industrial hub in the region by 2015, with industry accounting for 46.9 percent of its local economy.

Vietnam has the ninth-lowest unemployment rate in the world, but wage cuts by enterprises and the widespread lack of insurance mean even those fortunate enough to be employed still face challenges.

The Hanoi and HCM City Tourism Associations have signed an official cooperative agreement to implement a program to stimulate tourism in 2013.