Business

The state-owned Vinacomin Group is seeking approval to use coal as security to secure foreign loans.

Many Vietnamese commercial banks continue to flout the State Bank of Vietnam’s deposit interest rate cap of 14%.

Vietnam’s seafood sector will run short of capital and material resources and face challenges of meeting food hygiene and safety requirements, an agency has said.

According to the Ministry of Transport, sales of train tickets online has led to substandard service.

Japanese carmakers are looking forward to big US sales gains after introducing a slew of new vehicles at the Detroit auto show.

The motorbike market has been growing for some years, but the financial situation has changed the outlook for the coming year.

The Vietnam Food Association has projected Vietnam will be able to export 6.5-7 million tonnes of rice this year but warned of difficulties ahead.

This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.

EVN has pledged to withdraw investment in non-core businesses and focus on power production.

Acer unveiled the world's thinnest laptop computer as an array of "ultrabook" rivals prepared to debut this week at the Consumer Electronics Show in Las Vegas.

Scandal-tainted Olympus Corp is considering suing current and former executives for compensation totaling about 90 billion yen, while its new president is considering resigning, a source familiar with the matter said.

Vietnam, in its 2011-2020 strategy, sets a target of achieving a balance of trade in 2020, Minister of Industry and Trade Vu Huy Hoang said.

Emirates Airline has launched a daily nonstop service from Dubai to HCM City as the carrier continues to expand its business in Southeast Asia.

The IMF's top economist said banks holding Greek debt could be forced to take larger writedowns than planned.

Travel agencies providing international tourism services this year may have to pay a deposit twice the current VND250 million (USD11,900), according to a draft decree.

The euro is unlikely to "vanish" this year, IMF chief said, but warned a report this month will show the global economy growing slower than the 4.0% estimated in September.

The Vietnam National Petroleum Corporation asked the Ministry of Finance for approval to determine its fuel price.

Vietnam committed a total of $10.8 billion of investment in 627 projects in 55 countries and territories around the world by late 2011, the Ministry of Planning and Investment reports.

The year of 2011 has seen the biggest human resource change at the top levels of Vietnamese banking sector.