Business

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.

The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt, The New York Times reported.

Moody's lowered the European Union's long-term issuer rating outlook from stable to negative.

The Vietnam National Petroleum should be divided into different independent companies to avoid the possibility of a monopoly developing, said experts.

Vietnam ranked 8th among the 50 countries which were most attractive for their software outsourcing in 2011, said the US-based AT Kearney consulting group.