Business

The State Bank of Vietnam has cut key interest rates by 1 percent, applicable since May 13.

The Prime Minister has given the green light to a US$27-billion oil refinery project to be invested by the Petroleum Authority of Thailand in Binh Dinh province, announced a provincial leader.

The Ministry of Information and Communications has announced that mobile phone users will now be able to change network providers without swapping their mobile numbers from January 1, 2017.

Fraudulent online stores are flooding the internet, scamming people with various kinds of tricks.

Vietnam hopes to receive more support from the Japanese Government to develop its agricultural sector in a modern direction, ensuring food security and adapting to climate change, a Ministry of Agriculture and Rural Development senior official has said.

Hanoi has begun granting land use right certificates to foreigner, a move that is intended to improve the frozen real estate market, however, businesses remain sceptical.

The second Mekong Resources Forum on investment cooperation and the sustainable development of the Greater Mekong Sub-Region - was held in the northern province of Vinh Phuc on May 10.

The head of the Heavy Industry Department opposed the halt of two bauxite projects, saying that they would bring great economic results.

Sixteen Asia-Pacific nations including Japan and China held the first round of negotiations yesterday toward the creation of one of the world's largest free trade blocs.

Economists and banking leaders proposed that the SBV delay the deadline to deal with bad debts to improve the access to capital for firms.

Just after Vietcombank applied a sharp decrease to their deposit interest rate, three other large banks followed suit.

The Ministry of Culture, Sports and Tourism has sought Government approval to slash both the value added tax and corporate income tax by half for the tourism and service industry sectors.

City authorities are calling for investment in dozens of projects in HCM City's Thu Thiem new urban area, which is expected to be a major international financial-commercial centre by 2020.

The World Bank is keen to boost its partnership with Vietnam and pledges to support the country’s development programs.

More than 200 staff of the Asia Commercial Bank have been laid off over the past 3 months due to financial difficulties.

The State Bank of Vietnam has countered accusations about bank revenues and disclosed the interest paid to depositors.

Thai PTT Public Company Limited plan to borrow 60% of capital for the USD27-billion oil refinery project.

Securities companies are shutting down or threatened by dissolution as the economic recovery takes time to have an effect.

Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance to publicise the management and use of the fuel price stabilisation fund every quarter on the Ministry’s website.