Business

Bad debt has decreased by VND36 trillion (USD1.7 billion) thanks to the efforts of debt restructuring, debt payment delay and quittance, according to the State Bank of Vietnam.

Experts have their reason to believe that the software leasing market would develop very strongly. However, how to collect fee from service users remains a headache to service providers.

Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank.

Order has been restored on the coffee market with domestic enterprises having regaining the material market which was controlled by foreign enterprises.

A programme to promote trade and investment between Vietnam and Argentina was held in HCM City on October 29.

French President Francois Hollande holds talks with the heads of the World Bank and other top economic bodies to discuss the eurozone debt crisis and ways to kickstart growth.

Vietnam Report has made public a list of 1,000 corporate tax payers in 2012, with their total amount reaching up to VND54 billion of which state-owned enterprises accounted for 58.44 percent.

The VASEP expressed a differing opinion on an article posted by Bloomberg, which gave bad image to shrimp produced in Vietnam.

The nation's industrial production increased 4.5 percent in the first 10 months of this year compared to the same period last year.

Prime Minister Nguyen Tan Dung will be directly responsible for less than 10 state-owned groups, under a new draft decree.

The PM has asked ministries, agencies and localities to coordinate closely to contain the rate of inflation at no more than 8 percent.

Chocolate is conquering new worlds, with sales booming from Asia to Brazil.

Vietnam’s garment and textile sector has seen positive signs in the fourth quarter of the year with many big names having acquired sufficient orders for the period and even for the first quarter of 2013.

Fish sauce from Phu Quoc island has become Vietnam’s first product to qualify for the European Union’s Protected Designation of Origin.

The State Bank of Vietnam has proposed the Ministry of Finance levy a special consumption tax on gold, said an official.

Foreign direct investment in the first 10 months hit $10.5 million, said the Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnam may increase the personal income tax threshold to VND9 million from current a VND4 million under a draft law on the issue.

The WTO has approved the membership of Laos, ending a 15-year effort by the country to join the global trade body.

Japan approved a $5.3 billion cash injection to boost the stuttering economy, a move likely to add pressure for more central bank measures with a general election on the horizon.