Business

Coffee exports in the past 11 months reached 1.56 million tonnnes and fetched around USD3.34 billion, according to the Vietnam Customs.

The MoIT has proposed to cancel 377 hydropower projects due to environmental concerns and investment obstacles.

A number of computer companies in Hanoi and HCM City have been fined for software copyright violation.

Amid economic difficulties, many banks have proposed lowering their profit targets for this year.

Experts have held many meetings to find a solution to rescuing the failing housing market, but no real solutions have been found.

Reports from the MoIT have shown a gloomy picture and huge inventory of the local automobile companies since 2008.

Many people are unaware of tax duties and are often tricked into buying smuggled or fake luxury items.

Some small telecom companies have been driven into lamentable positions, said the Ministry of Information and Communication, however, it has affirmed that it would not rescue the companies.

The MoC has given warning to companies that have been slow in disbursing funds for public investment projects.

ECB chief Mario Draghi is confident that a central authority with the power to wind down failing eurozone banks will soon be in place.

Vietnam will have between 1,200-1,300 supermarkets and 180 commercial centres by 2030, under a master plan approved by the Ministry of Industry and Trade.

Avon Products Inc., the world’s largest door-to-door cosmetics seller, will cut about 1,500 jobs globally and exit South Korea and Vietnam as part of plan to save $400 million by the end of 2015.

European Union finance ministers brokered a deal Thursday to create a single bank supervisor with powers to close down lenders right across the eurozone, several officials said.

Vietnam’s business environment has become less attractive in comparison to other regional countries, said one official.

Around 55,000 enterprises may file for bankruptcy by the end of this year but the situation was not overly serious, one official said.

The government, in a bold move, is prepared to think out of the square to innovate its policy-making.

The Ministry of Finance has recommended slashing corporate income tax to 23% from the current level of 25%.

A USD1-billion hotel project site invested in by the Kinh Bac City Development Holding Corporation remains a wasteland.

The EU has shown its continued support for Vietnam’s global economic integration with the launch of the European Trade Policy and Investment Support Project in Hanoi yesterday.