Business

Despite one year of plans for restructuring, Vietnam's economy continues to face challenges in efforts towards recovery.

Vietnam and Australia have agreed to support the trade promotion agencies- VIETRADE and AUSTRADE in encouraging effective and sustainable cooperation between the two countries.

The government will soon set up a national asset management company to boost the resolution of bad debts, an official has said.

The first farm producing the famed weasel coffee in the Central Highlands province of Lam Dong has opened its door for visitors to see the entire process of making the coffee with the help of domesticated animals.

PM Nguyen Tan Dung has asked ministries, branches and localities to create favourable conditions to attract investment, especially foreign investment and investment in high-tech projects.

The government’s efforts to ease business difficulties helped the business confidence index rise 31 points to 114 in the first quarter of this year.

Hanoi's Department of Information and Communications has asked telecommunication companies to stop offering services to more than 100 enterprises that posted advertisements illegally in public places.

The domestic real estate market has not seen improvement, and has led to large inventories in the construction materials.

Vietnam should enhance public awareness of eco-tourism to ensure sustainable development in the market, one expert said.

Anheuser-Busch InBev, the world's largest beer maker with famous beer brand name Budweiser, plans to build a brewery in Vietnam next year to tap the large and fast-growing Asia market.

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.