Business

Government sets goal for inflation at 8-9% this year

The target was determined at a meeting on the nation's economic situation chaired by the Party General Secretary.

Businesses die in masses, commercial banks still live well

A strange thing is occurring in Vietnam: while businesses declare big losses or bankruptcy, banks still make big money.

FDI disbursements top $3.6b in four months

Disbursement of foreign direct investment hit $3.61 billion in the first four months of this year, up 0.3% against same period last year, according to Foreign Investment Agency.

Corporate issuance drives growth in emerging E.Asian bond markets

Emerging East Asia’s local currency bond markets expanded 7.0% to $5.7 trillion in 2011, says the ADB’s Asia Bond Monitor.

Petroleum price calculation method to be revised

The Ministry of Industry and Trade has proposed to amend the methods used to calculate petroleum retail prices.

Gloomy outlook for small mobile network

Small-scale telecom companies are facing challenges due to market saturation and the dominance of several big players.

Internet helps increase Vietnam’s GDP

The Internet contributes 0.9 percent to total Vietnam’s GDP and 1.6 percent to the country’s total 14.4 percent GDP growth.

Poor CEO management puts firms at risk

16% of listed firms on Vietnam’s stock markets incurred losses in 2011, with the results blamed on incompetent leadership.

Vietnam, UK vow to boost economic cooperation

Vietnam and the UK have vowed to continue strongly promoting bilateral economic, trade and investment cooperation, describing it as the key area of their cooperation.

IMF rates Vietnam’s economy positive

The IMF said the Vietnamese Government’s macroeconomy stabilising policies have started to yield high effect, with quickly decreasing inflation, trade deficit and pressure on VND.

Troubled enterprises to get debt repayment extensions

Financial institutions must consider slashing interest rates on loans for households and enterprises in economic difficulties.

Lending sags despite high bank liquidity, lower rates

Many banks have recently met with serious obstacles in promoting lending despite abundant liquidity and continuously cutting interest rates on loans.

Chinese firms increasingly active in M&A in Vietnam

Chinese companies have taken part in four M&A deals, worth USD749 million, in Vietnam last year, a recent report said.

Six financial firms put on 'watch list'

The State Securities Commission will inspect six securities companies over doubts that they haven't followed financial regulations.

Trade deficit totals USD200 million

The country is estimated to face a trade deficit of USD200 million in the first four months of the year, equal to 2.3% of the country's total export value.

Retail market potential remains untapped

Vietnam's total retail market is forecast to grow 23% annually til 2014, offering opportunities for both domestic and foreign retail businesses, AT Kearney reported.