Firms invest $1.8 billion overseas in four months
With nine projects licensed last month, Vietnamese firms invested nearly USD1.8 billion abroad in the first four months this year.
Deputy PM: Steel projects to be considered more carefully
Because of an oversupply of steel, the Government will now consider projects more carefully before granting licenses.
SBV: Growth at any cost is undesirable
Vietnam will strive to attain a sustainable and environmentally-friendly economic growth, said the State Bank Governor.
ADB to fund USD1.38 billion to clean water projects in Vietnam
The Asian Development Bank will provide Vietnam with a loan worth USD1.38 billion to provide access to clean water.
Vietnam hikes reverse repo rate to 14% from 13%
Vietnam's central bank raised the rate it offers for loans via open market operations by 100 basis points to 14 percent on Wednesday.
Vietnam, South Africa to increase two-way trade
Vietnam wants to join South Africa in raising two-way trade to $1 billion in the next few years, said Vice President Nguyen Thi Doan.
Dealers hoard petrol as price hike nears
Expectations of an impending price hike prompted petrol stations in several Mekong Delta localities to close down and/or rationed fuel sales.
Condo owners face dilemma of funds shortage
Real estate owners are hunting for customers to buy their apartments as they tackle the dilemma of an acute shortage of funds.
Minister: Vietnam sets inflation target at 11.75% this year
Vietnam is making efforts to tame inflation at 11.75%, said Vo Hong Phuc, Minister of Planning and Investment.
PPP projects slow to gain sufficient traction
Private investors are keen to jump onto the public-private partnership investment bandwagon, but local authorities are failing to do their part.
ADB: Vietnam must avoid “average-income trap”
As Vietnam continues to develop it is also in danger of falling into the “average-income trap”, said the Asian Development Bank.
Rag trade eyes moves to low cost Vietnam
More foreign garment and textile investors are stitching up investment deals in Vietnam as production costs rise in China.
Waste found in numerous state-financed projects
A report which scrutinised 300 projects with state investment found that 269 of them were halted because of waste last year.
Hanoi-hosted ADB meeting focuses on inflation
The Asian Development Bank was set to discuss measures to control regional inflation at its regular meeting, which will take place in Hanoi.
Prices for imports still high as dollars drop
It is still impossible to lower prices of many imported commodities even though the U.S. dollar has strongly depreciated.
New ban on gold deposits and lending
The State Bank of Vietnam has ordered an end to gold deposits and lending.
As profits surge, Europe's carmakers rev up global ambitions
Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight.
Dollar rises on reports Osama bin Laden is dead
The US dollar rose against the euro and the yen after reports that Al Qaeda leader Osama bin Laden had been killed after the September 11 attacks.
Android smartphones winning over 'app' makers
Google is the new darling of software wizards out to cash-in on the world's love for customizing smartphones with fun, hip or functional applications.
Major economic policies take effect beginning May 1
A number of new economic policies took effect on May 1, including rise in minimum salary and use of e-invoices.
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