Business

Bad debt plagues financial sector

While the Central Bank claimed the country’s ratio of bad debts increased to 3.6% by the middle of April, other studies claim the figure could be three to four times higher.

Challenges for Vietnam’s support industry

Vietnam is still a potential market despite the fact that the underdevelopment of its support industry remains one of the barriers to foreign investors.

Traditional markets find ways to modernise

As more and more people go to supermarkets, the traditional markets have to modernise in order to stay competitive.

NA deputies unimpressed by Govt economic restructure plan

Several NA deputies came out against the Government’s economic restructuring plan, calling the content vague and cursory.

IFC grants US$25 million to small-and-medium-sized enterprises

The IFC granted a credit package worth US$25 million to Orient Commercial Joint Stock Bank to increase capital accessibility for small-and-medium-sized enterprises.

Traders flout the ban on unregistered SIM cards

Despite a ban on unregistered pre-paid SIM card trading from June 1, many traders have continued to stock the cards to sell them at higher prices.

Big banks’ CEOs receive smaller pay than small banks

CEO of one of the biggest banks in Vietnam received VND80 million a month, while CEO who managed a smaller bank, got VND 200 million.

Hewlett-Packard to slash 27,000 jobs by 2014

Hewlett-Packard said it plans to cut 27,000 jobs, or eight percent of its global workforce, by 2014 in a major restructuring effort for the computer giant.

France, Germany in EU summit showdown

France and Germany crossed swords over how to spur growth in the debt-stricken eurozone at the EU summit.

Quang Ninh halts PetroVietnam’s stagnant projects

Quang Ninh decided to halt two real estate projects by PetroVietnam for the slow pace of construction.

Ministry cuts fuel prices, 2nd time in May

Retail prices of petrol and oil in Vietnam were down by VND300 – 600 a liter, according to the Ministry of Finance’s circular No 216.

WB: Vietnam to grow 5.7% in 2012

Vietnam is expected to gain an economic growth rate of 5.7% and inflation rate to decline below 10% in 2012, the World Bank says in its latest report.

China must act to prevent hard landing: World Bank

China's economic growth will continue to ease, presenting Beijing policy makers with the challenge of preventing an abrupt slowdown, the World Bank said.

Residents suffer from luxury apartments' poor quality

Poorly constructed apartment buildings in Hanoi and HCM City have become a danger to tenants.

Official says realty, securities markets ideal channels for money laundering

One of the most effective channels for laundering money in Vietnam is through the real estate and securities markets, one official said.

OECD warns eurozone crisis stunting global recovery

Europe came under mounting pressure to take action to boost growth as the OECD warned that the eurozone crisis has worsened.

Government may continue to regulate power prices

The government may continue to regulate power prices instead of handing over the entire decision to the state-owned EVN.

Petrol and salary rise blamed for CPI increase in May

Rises in petrol prices and minimum wage have been the main reasons for the increase in CPI in May, economic experts said.

With US economy in mind, Obama urges EU to do more

US President Barack Obama pressed eurozone governments to improve their coordination to combat the debt crisis, adding that the trouble in Greece has an impact on the US.