Business

China has become the largest importer of Vietnamese rice this year to date with a record turnover, but local exporters remain cautious against the market, especially in regards to payment.

EU heavyweights Britain, France and Germany called on their partners to impose new sanctions against Iran over its nuclear program.

The Ministry of Industry and Trade once again proposed to raise price of coal sold for power producers.

The Asian Development Bank will provide a $40-million loan to help Vietnam improve its oriented-market micro-finance sector under the Microfinance Development Programme.

The MoF proposed that the temporary import for re-export of oil and petrol transported by sea be banned in an effort to prevent enterprises from seeking illegal profits.

The Government has promised to take drastic actions in dealing with violations in the banking sector.

Vietnam will remain among the Asia Pacific region’s top ten countries for having the most attractive investment environment, a survey showed.

All 18 Vietnamese exporting tra fish fillets to the US have been exempted from anti-dumping taxes.

Vietnamese travel firms have been working hard, but they cannot earn much money, because they have to offer the “tidbit” to foreign partners.

The Government will only keep five to seven key State-owned groups in a bid to create an even playing field for the private sector.

Prime Minister Nguyen Tan Dung has said he is confident in the prospects for economic growth in 2013.

A report showed that the costs of building motorways in Vietnam are much higher than comparable roads in China, Europe and Africa.

Italian PM Mario Monti called on the European Union to recognise efforts made by countries to overcome the economic crisis by moving to bring down punishing borrowing costs.

The Ministry of Industry and Trade has uncovered a fake Chilean labour export company.

A recent report showed that Vietnam has ratios of tax revenue to GDP at 1.4-3 times higher than neighbouring countries.

Big enterprises confirmed that they have accessed the bank loans with the low interest rate of 9% per annum, which is just equal to the short term deposit interest rates.

Vinacomin has sent documents to relevant agencies repeatedly, proposing to lower the coal export tariff. The agencies still keep silent, while experts have voiced their disagreement.

The Ministry of Finance has submitted a scheme to the Prime Minister for improving Vietnam's sovereign credit rating, with a target for the country to achieve investment grade by 2020.

Many commercial banks have raced to launch preferential mortgages for people seeking homes rather than providing loans for property speculators.