Business

Vinalines has set a goal to sell the six remaining ships of its subsidiary Vinashinlines by June 30, said a corporation official.

People have spent billions of VND to buy luxury coastal apartments as investments. However, they are struggling to find customers.

Vietnam and Belarus will maintain an exchange of high-ranking delegations to consolidate political trust which in turn will help boost bilateral ties.

The outstanding loans given by commercial banks have increased 2.11 percent since December, according to the State Bank of Vietnam.

Officials and economists discussed possible adjustment to the petrol price stabilisation fund at the meeting held by the Vietnam Petroleum Association.

The US-based human resources solution provider CareerBuilder has announced plans to expand its operations in Vietnam by opening a representative office in the country.

Vinacomin said that it had considered a halt to the Nhan Co bauxite project, but was scared about the major losses in its investment.

Domestic beverage companies were falling into difficulties due to competition from foreign rivals, heard participants have said at a recent workshop.

The long awaited VND30 trillion credit package to stimulate the real estate market will be officially launched June 1, according to the State Bank of Vietnam.

Despite lower interest rates, many enterprises are still finding it hard to access bank loans and are turning to personal channels to source capital to main their business.

The government's policy to buy rice from farmers at the peak of the harvest season is inefficient as it only indirectly supports rice growers and their real benefits are modest.

Shares of Hoang Anh Gia Lai Group has dropped sharply after an NGO accused the firm of land grabbing of in Laos and Cambodia.

The World Bank has signed three credit agreements with Vietnam to finance a combined USD400 million for enhancing the country’s competitiveness and education.

HCM City sets a target to double its average income by 2020, according to a master plan approved by the People’s Council.

A contract for the construction of the main work of the Lai Chau hydropower plan worth more than 11 trillion VND was signed in Hanoi on May 13.

Major U.S. retailers including Gap Inc declined to endorse an accord on Bangladesh building and fire safety backed by Europe’s two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.

The Vietnam Asset Management Company may be exempt from taxes, according to the NA Finance and Budget Committee.

The government has requested that the State Bank of Vietnam reduce the gap between deposit and lending interest rates.

More than 300 delegates are gathering for the first ASEAN international conference on geology and natural resources in Vietnam’s Ba Ria-Vung Tau province on May 13-14.