Business

Global economic activity is picking up, especially in the United States and Japan, though it appears to be weakening in India, the OECD has said.

Experts have said that Vietnam should ease regulations on foreign individuals and organisations on owning property.

Vietnam Journalists Association deputy chairman Ha Minh Hue shines light on why he is advocating for a lower corporate income tax on media organisations, to 10 per cent as applied to cultural field activities, to support the financially struggling press.

The Ministry of Construction has issued a draft decree on the levels of fines for unlicensed construction work.

Carnival, the world's largest cruise group, unveiled its Asian expansion plans on Tuesday, predicting the regional market for leisure voyages will grow dramatically within the decade.

Bad debt in the banking system has been estimated to be at VND120 trillion as of Dec. 31, 2012, and continues to rise.

The Asian Development Bank said the region's emerging economies would pick up this year but warned that the recovery remained fragile because of the eurozone crisis and tensions in Asia.

French automaker Peugeot has announced that it was returning to Vietnam with the creation of a distribution network and local production of its 408 model.

Tourism companies along the Serepok River have complained about the lack of co-operation from local hydropower plants.

Canada’s Asian Coast Development Ltd, owner of the Ho Tram Strip, a group of integrated resorts in the southern province of Vung Tau, has received approval to operate casinos in the resort.

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.