Business

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.

Apple CEO Tim Cook has apologised to Chinese consumers after the company was subjected to criticism in state-run media over "arrogance" and double standards.

Amid economic difficulties and fuel price spiraling more people in Hanoi have opted to use electric bikes instead of motorbikes.

Singapore will host the second ABAC Meeting of 2013 from April 3 – 6 with participation of some 150 prominent business leaders from the 21 Asia - Pacific Economic Cooperation economies.

The National Financial Supervision Committee has forecast that Vietnam’s inflation rate in 2013 will be controlled at less than 7 percent.

The manufacturing sector of Vietnam edged back into expansion in March, with the PMI posting a 23-month high of 5.08.

Saigon Petrol’s gas prices will be cut by VND24,000 per 12-kg cylinder, the biggest decrease so far this year, said a firm official.

The price of rice continued declining during the first quarter of this year, creating problems for rice exporters.

Many real estate companies in HCM City have been switching to other temporary businesses to overcome the financial difficulties.

PetroVietnam has signed a production-sharing contract for Block 42 on the continental shelf waters of Vietnam with a consortium of contractors including PetroVietnam Exploration and Production Corporation and the Russia-Vietnam oil and gas joint venture, Vietsovpetro.

The export price of Vietnamese tra fish bound for the US has risen by 0.3-0.4 USD per kilo, 10 percent higher than in mid-March.

The establishment of an assets management company will be delayed due to the limited options in dealing with bad debts.