Business

The government has drafted two solutions to deal with the slumping real estate market.

Over the last two years, Vietnamese enterprises invested USD3.8 billion into 222 projects in Laos, making Vietnam the third largest investor in that country.

The minimum wage increase set to be in effect starting January 1 will add burdens to companies that have faced difficulties.

Mai Linh Group may have to sell its assets to settle outstanding debts, threatening 6,000 staff with unemployment.

The value of seafood exports this year are expected to inch up by about 1% over last year to USD6.12 billion, the Ministry of Agriculture and Rural Development estimates.

As much as 99% of fishing ships owned by local fishermen have wooden hulls, posing high risk of accidents, one official said.

Vietnam recorded a Gross Domestic Product growth rate of 5.03 percent in 2012, announced the General Statistics Office in a press briefing in Hanoi.

Japanese investors have seen the slump in the securities market as an opportunity to buy stocks on the cheap in Vietnamese banks.

China started service on the world's longest high-speed rail route, the latest milestone in the country's rapid super fast rail network.

A private company in Hanoi announced a Tet bonus of VND74.5 million, making it the highest bonus payer among local companies.

Vietnam might not fulfill this year’s FDI attraction target of $15 billion due to a recent decline.

The Ministry of Construction has passed a circular governing the minimum proportion of unbaked brick used in buildings to boost the production of green building materials.

Rising wages in Vietnam are prompting many foreign investors in labour-intensive industries to look to other countries with cheaper labour cost to make investments.

Quang Ninh Province will revoke 179 delayed projects, stopping investors from hiring land to change the ownership right transfer.

The Electricity of Vietnam – Hanoi branch has kicked off construction on the Gia Lam 2 110kV line and transformer station as part of the WB’s Distribution Efficiency Project.

Vietnam had achieved a trade surplus of USD284 million this year after 20 years of running in a deficit, according to the General Statistics Office.

Up to 57,866 of 81,592 enterprises in Hanoi which have submitted their corporate income tax declarations reported losses in 2012.

Prime Minister Nguyen Tan Dung on December 23 cut the ribbon to officially inaugurate Son La Hydropower Plant, the largest of its kind in Southeast Asia.

The long-stay schemes that aim to lure foreigners have helped boost the economy of some Southeast Asian countries.