Business

Ministry to set up department to supervise state capital

The Ministry of Finance is seeking permission from the government to set up a general department to manage and supervise the state capital and assets in state-run companies.

Renovation pushes small traders to hardship

The life of small traders in Hanoi's Dua Market has become harder over the last seven years because of the renovation of the market.

Apple may trounce rivals with smaller iPad: analysts

Apple, which is expected to launch a mini version of its market-leading iPad tablet, could quickly overpower its rivals in the segment with the addition of the new product, analysts say.

Vietnam-Latin America forum opens

The first ever Vietnam-Latin America Trade and Investment Forum opened in Hanoi in the presence of Vietnam’s Prime Minister Nguyen Tan Dung.

VND84 trillion flows into stock market in first 6 months

Capital invested in the stock market has doubled, but the amount invested on issuing shares has reduced 50%.

UN calls for 'billionaires tax' to help world's poor

The United Nations called for a tax on billionaires to help raise more than $400 billion a year for poor countries.

Banks seek to appoint new leaders

Three commercial joint stock banks in Vietnam have appointed new CEOs this week.

GDP growth acceptable, says PM

PM Nguyen Tan Dung said the low GDP growth rate this year is acceptable when other factors are taken into account.

SJC to become state gold bullion brand

The deputy governor of the State Bank of Vietnam attended a media conference to respond to questions regarding which gold bar brand name will be chosen as a state brand.

Cement inventory at a safe level: Deputy Construction Minister

The Deputy Minister of Construction said that inventory in the domestic cement sector remains at a safe level.

Petrolimex suspected of tax avoidance

The General Department of Customs has been informed that Petrolimex might be trying to avoid USD3.1 million in new taxes.

Controlling inflation remains priority

The Government will continue to place top priority for the remainder of this year on keeping inflation in check and stabilising the macro-economy, said PM Nguyen Tan Dung.

EVN price rise legal but draws criticism

Although the power price increase is within the law, EVN did not necessarily do a good job of explaining it to the public.

Slowing demand challenges businesses

Lower purchase power has created more pressures to enterprises which are facing high inventories and debts.

Vietnam halts licensing of foreign ships

Vietnam has ordered the cessation of licensing for foreign container ships, in an effort protect the domestic shipping industry.

Barclays bank chief executive Diamond resigns

Barclays chief executive resigned with immediate effect over a rate rigging scandal at the British banking giant, the company said in a shock announcement.

MIC plans cable TV restructuring, eliminating tens of service providers

The MIC is considering restructuring the cable TV market. It is expected that only three national enterprises and five local enterprises would be retained instead of 40 currently.