Business

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.

HSBC has said that it had agreed to pay US authorities a record $1.92 billion to settle allegations of money laundering.

State owned enterprises continue to dominate the top ten list of Vietnam's 500 largest firms.

International donors have pledged to provide nearly USD6.5 billion in ODA to Vietnam in 2013, down nearly USD1 billion from last year.

The real estate market may continue to fall to next year as more banks sell their guaranteed assets and investors further cut prices.

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.