Business

Many businesses have successfully overcome challenges to secure their foothold in the global market after 54,000 others were dissolved under the negative impact of the global economic crisis in 2012.

Though many FDI companies have been suspected of transfer pricing, tax investigation by local authorities remains stagnant.

The MoF and MoIT have allowed petrol prices to increase by VND1,430 per litre because the price stabilisation fund is exhausted.

PM Nguyen Tan Dung and Chairman of the Eurasian Economic Commission’s Board Viktor Borisovich Khristenko, officially launched negotiations for a free trade agreement between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan.

As many as 2,000 taels of gold were sold at 43.81 million VND (about 2,100 USD) each in the first gold bullion bidding held by the State Bank of Vietnam on March 28.

The minister of Transport has criticised general director of Vinalines for being absent from a meeting on restructuring the company.

Vietnam maintained double-digit export growth last year, weathering the global downturn extremely well, according to a HSBC report.

Credit institutions have been banned from providing loans to customers to buy gold, according to the State Bank of Vietnam.

Public-Private Partnership investment forms will be encouraged with a VND20 trillion fund as proposed incentives for the projects.

Vietnam has attracted 14,550 foreign direct investment projects worth USD211 billion for over the past 25 years, one official said.

Apple appeared in a Shanghai court on Wednesday, accused by a Chinese firm of copying software used for the "Siri" personal assistant on its hugely popular iPhones.

As much as 50% of foreign-invested enterprises in Vietnam have reported losses, the Ministry of Finance said.

Vietnam is expected to achieve a GDP growth rate of 4.89 percent in the first quarter of this year, a bit higher than last year’s corresponding figure of 4.75 percent.

Import taxes on used cars of nine seats or fewer and an engine displacement of less than 1,500cc will increase by up to 20 per cent on April 28.

BigC The Garden have disciplined a worker who mistakenly stamped a Chinese flag on Vietnamese grapes, one official said.

A draft regulation by the SBV that allows low-income households an annual preferential loan rate of 6% has not gained much traction among the public.

China, Japan and South Korea kicked off formal negotiations Tuesday on securing a free trade agreement to bind together three economies that account for around 20 percent of global GDP.

PM Nguyen Tan Dung has applauded Samsung's decision to expand operations in Vietnam, adding that it would contribute to the strategic partnership between Vietnam and South Korea.

The State Bank of Vietnam has decided to lower interest rates by between 0.5% and 1% beginning from March 26.