Business

Though the competitive power market has been in operation for eight months, in practice EVN still holds a monopoly over the market.

More than 600 delegates from the 11 Trans-Pacific Partnership countries, including Vietnam, are in Singapore for Round 16 of TPP free trade discussions, which kicked off on March 4.

Several economic experts have criticised a proposal made by the chairman of HCM City Real Estate Association to impose tax on personal savings accounts.

A draft decree by the SBV has stirred up public concern, as it would forbid the use of cash for the purchase of cars and motorbikes.

Vietnam’s GDP is foreseen to reach $154.6 billion or an increase of 5.5% in 2013, the Ernst & Young said in its latest report on 25 world’s fastest-growing markets.

An amendment to the Land Law would require investors to have a clean slate before being granted land for new projects.

Up to 35 banks in Vietnam have continued providing free ATM services for their customers for on-us transactions.

Moscow’s Vietnamese Entrepreneurs Association has always helped businesses with any difficulties they encounter, stabilised their production, and assisted the Russian Vietnamese community’s development.

US President Barack Obama has reluctantly signed a ‘sequester’ order that put into effect $85 billion in budget cuts, after he and Republicans failed to reach a deal to avoid an austerity drive that could damage the economy and

Despite excellent degree results, many postgraduates are being forced to find employment as home helps.

The 3rd ASEAN-EU Business Summit—a high profile forum for economic dialogue—aims to foster stronger trade and investment ties between the two blocs.

The MoF has submitted a draft decree to the government which would reduce registration fees on cars, said an official.

Vietnamese businesses face numerous challenges in Eastern Europe in the face of its weak purchasing power and fierce international competition.

Vietnam has cut the bad debt rate in its banking system to 6% from the 8.82% reported September last year, said an official.

MA Pham Quang Tu, Deputy Director of Consultancy on Development Institute confirmed the grave warnings on bauxite projects in the Central Highlands region.

The Ministry of Finance has issued guidance on the purchases of public asset for this year insisting that due attention must be paid to saving expenses.

Asia has more billionaires than any other continent, followed by North America and Europe, according to a survey by a China-based wealth magazine.

The EU struck a historic deal to cap bankers’ bonuses, which critics say played a major role in feeding the financial crisis. New rules require banks to improve their stability in order to withstand future economic crises.

The Industrial Production Index saw a year-on-year increase of 6.8% in the first two months of 2013, according to the General Statistic Office.