Business

Vietnam has so far attracted USD12.181 billion in foreign direct investment, with USD7.256 billion to 980 newly-licensed projects.

The PM requested that the EVN complete its plans to withdraw capital from several non-core businesses by 2015.

A large company in Hai Phong City was sold at a symbolic price of USD1, leaving businessmen arrested and the company unable to pay their debt of VND1.3 trillion.

Ailing and merged banks are looking for strategic shareholders to help them restructure and deal with bad debts.

Greece won big breathing space with long-frozen eurozone loans to restart from December.

Several foreign investors remain keen on investing billions of USD in Vietnamese casino projects, even amid economic difficulties.

After warming up the real estate market, the 'mini-apartment' sector is facing a slump as housing prices in other sectors go down.

The minister of transport has urged a faster pace on construction of the Noi Bai - Lao Cai motorway and wants to sack incompetent contractors.

Vietnam will start popularising the use of bio-fuel E5 for road vehicles in seven localities from December 1, 2014.

November's CPI inched up 0.47% from the previous month, much lower than 0.85% in October and 2.2% in September, said the General Statistics Office.

Vietnam’s total export turnover over the past 11 months is estimated to reach US$104.002 billion, up 18.4 percent against the same period last year.

Sixty three percent of enterprises said they always have to pay under the table fee to state officials in order to expedite their administrative procedures.

Experts believe that in spite of the challenges clouding the sector’s outlook, the real estate market is bound to recover over the next two years.

Carrying passengers from here to there proves to be the most costly, time consuming and risky process when operating tours in Vietnam.

Vietnamese exporters have been taking hectic preparations to get adapted to the US new law on food safety, showing their determination to boost exports to the market.

Vietnam’s economic growth rate in 2012 is forecast at 5.2 percent. It is the second adjustment from the previous projections of 5.5 percent and 6.5 percent.

Up to 38% small and medium-sized enterprises admitted to paying bribes in 2011, up from 34% 2009, according to a report.

Specialty retailing is believed to be the dominant tendency in the near future, because this is the only model to be able to exist in the cutthroat competition among retailers.

Starbucks Coffee, the well-known coffee brand, will surely be present in the Vietnamese market with the first shop of the chain will be in HCM City.