Business

The Ministry of Agriculture and Rural Development sent a proposal to PM Nguyen Tan Dung for the purchase of one million tonnes of rice for stockpiling from the winter-spring crop this year.

The State Bank of Vietnam will apply measures to lower banking interest rates by 1%, said Governor Nguyen Van Binh.

Sudico Company was allowed to continue with the Nam An Khanh project after an investigation into it’s capital and asset management was carried out.

Foreign banks will be encouraged to compete equally and boost business cooperation with domestic credit organisations, under a plan recently adopted by PM Nguyen Tan Dung.

Singapore PM Lee Hsien Loong reaffirmed his commitment to encourage Singaporean enterprises to invest in Vietnam during his meeting with Foreign Minister Pham Binh Minh.

The Vietnam-Sri Lanka business forum took place on March 5 in Hanoi.

Singapore Telecom said that it will buy US mobile advertising startup Amobee for $321 million to expand group revenues from ads and marketing across Asia.

Both fish farms and exporters are facing difficulties due to a lack of capital, putting their export goals for 2012 at risk.

The Ministry of Finance has decided to slash gas import taxes to zero percent from a previous 5% beginning from March 2.

Market experts have said they expect the consumer price index growth rate to fall to 0.4-0.5% in March due to lower food prices, purchasing power and input prices.

Goals for developing the nation's stock market were announced yesterday during a conference held by the State Securities Commission in Ha Noi.

Vietnam retailers are rapidly securing market share in the domestic retail industry.

The European Union is keen on bilateral free trade agreement negotiations with Vietnam towards a comprehensive Vietnam-EU FTA in future, said European Commission Trade Spokesperson, John Clancy.

An academic issued a warning after the announcement by Las Vegas Sands that it plans to build casinos in Vietnam.

As EU leaders sign a much-heralded "pact" on fiscal rigour, two of the eurozone's top economies found themselves in hot water for fiscal indiscipline, including deficit hardliners the Dutch.

As gold prices become more stabilised, many investors opt to deposit their money into banks or to invest in the securities market.

Vietnam is hoping that falling inflation and rising global risk appetites will spur sustained interest in the country's small stock market, a frontier where many pioneers have been burned.

The General Department of Taxation is trying to recover debts from some of the country’s biggest firms that complain they have been affected by the economic downturn.

Despite recent petrol import tax cut, traders still complain about rising losses due to soaring prices in the world market.