Business

The government has requested the SBV to continue cutting lending interest rates, along with corporate income tax and VAT.

Vietnam’s rice exporters are facing tough price competition in foreign markets this year due to large inventories and low demand.

Vietnam’s private entrepreneurs association was established at a congress in Hanoi on April 6.

The country's macro-economy had not improved as much as expected after a year of restructuring and the process needed a strong boost, said economists at the Spring Economic Forum.

Vietnam fetched VND53.5 trillion (USD2.5 billion) from tourism services in the first quarter of this year, equal to third of the sector’s total revenue in 2012.

Export processing and industrial zones in HCM City are showing signs of recovery with increased investment and higher production levels, according to the city’s Export Processing and Industrial Zone Authority.

Vietnam may pilot turning commercial housing into houses for lease as part of efforts to deal with the slump in the real estate market.

Ho Chi Minh City’s tourism authority has projected an additional supply of 27,000 hotel rooms by 2020 as part of it's master plan.

The MoF has proposed to cancel tax debts or fines prior to July 2007 for individuals and state-owned enterprises that are no longer be able to make their repayments.

26,000 taels of gold bullion was successfully sold at the second auction held by the State Bank of Vietnam on April 4.

Many office workers have opted to do part-time business activities as a way to earn extra money.

While the recent government decree reducing registration fees may not attract many more people to buy new cars, it makes the used car market more exciting.

Vietnam’s shrimp exporters are concerned by a new South Korean food safety regulations that will test shrimp imports for ethoxyquin for one year.

International logistics scholars and representatives from aviation agencies and logistics companies will meet in HCM City on April 25-26.

The HSBC has forecast in a newly-issued report that Vietnam is expected to achieve a 5.5% growth rate of GDP in 2013.

Foods prices in Hanoi are increasing due to higher transport fees following the petrol price hike on March 28.

The Minister of Agriculture and Rural Development yesterday ordered a stricter ban on the transport and trade of poultry through border gates.

Alan Phan, a famous Overseas Vietnamese fund manager, has answered criticism over his opinions that the Vietnamese real estate market should be left to fall.

Businessmen have resorted to illegally borrowing capital at extremely high interest rates, often known as “black credit", leaving them to sink deeper into difficulty.