Business

The Japanese Government has committed to grant USD2.6 billion in ODA to Vietnam in 2013, nearly doubling last year’s figure of USD1.4 billion.

Greece had extended until a debt buyback offer, the success of which is key for it to receive bailout funding from the EU and IMF without which it could soon go bankrupt.

The 2012 Consultative Group Meeting for Vietnam officially kicked off in Hanoi on December 10, with a view to creating firm foundation for sustainable growth.

Analysis of the credit market by the Standard Chartered Bank said that low credit growth rates could be a positive sign for Vietnam economy.

Hanoi and HCM City will announce Real Estate Market Index in the first quarter of next year.

While domestic enterprises have been falling into decay over the last two years due to the economic downturn, foreign invested enterprises still have been making profit and scaling up their production

Vietnam is expected to join the Top 10 manufacturing competitiveness list in the next five years, according to UK-based Deloitte Touche Tohmatsu.

The People's Council of HCM City ratified a resolution on four major economic goals for next year during its closing session.

VNPT and Viettel have illegally increased fees for data transmission by 45% -46%, one agency reported.

Apple CEO says the company will move production of one of its lines of Mac computers from China to the US next year.

Many labourers do not have high hopes for Tet bonuses this year.

The HCMC Tax Department sine early this year has inspected 16 foreign direct investment enterprises with transfer pricing signs.

Coca-cola has continuously reported losses in the last decade of operations in Vietnam despite its increasing revenue.

The arrest of banking mogul Nguyen Duc Kien indicated the difficulties of Vietnam’s economic situation to investors, one expert said.

Over half of Vietnam’s leading companies believe that the economy will not improve considerably in 2013, a report said.

The country's prime interest rate should be cut from 9% to 8% to help enterprises gain access to loans more easily, one agency has said.

Prices in the Hanoi real estate market, especially the high rise sector, are dropping, but have yet to attract customers.

Vietnamese automobile companies are racing to launch promotional programmes to attract customers to stave off sluggish sales.

Vietnam Air Petrol Company has been prosecuted for smuggling and tax evasion worth billions of dong.