Business

Vietnam's foreign direct investment plummeted during the first four months of the year with only USD4 billion earmarked by investors from abroad.

Almost 400 Vietnamese and foreign reporters may cover the 44th Annual Meeting of the Board of Governors of the Asian Development Bank.

Around 263 foreign-invested projects with a total capitalisation of around USD3.1 billion had been licensed by April 22.

Many companies, both foreign and domestic, admit to having had to pay “unofficial fees” to do business in Vietnam.

Professor Michel Henry Bouchet, a French expert in international banking, has lauded the latest moves taken by the State Bank of Vietnam.

Vietnam, the world’s second-largest coffee producer after Brazil, planned to cut its total coffee acreage by 13.5 per cent to 480,000 hectares.

Chilean shellfish farmers are facing an uncertain future after a giant wave traveled the seas and washed away their scallop beds.

Foreign-direct investment in the manufacturing and processing sector has disbursed 67.16 percent of its capital, according to a recent survey.

Foreign investors in Ho Chi Minh City are growing increasingly frustrated by what they see as an overabundance of red tape in the metropolis.

Vietnam’s April consumer price index increased by 3.32% since March, the biggest increase in three years.

The oil and gas majors are looking to the promise of the Barents Sea, attracted by Norway's political stability.

Investors are urging the Ministry of Transport to create a legal framework for build-operate-transfer schemes to develop infrastructure.

Airlines in the Asia-Pacific region will grow strongly in the next few years, the head of the International Air Transport Association said.

The Ministry of Finance is seeking the Government’s approval for personal income tax exemptions for certain groups.

The average room rate at three- to five-star hotels in Ho Chi Minh City has fallen by 10% in this low season for the inbound segment.

Toyota, the world's biggest auto maker, said on Friday output will start recovering in mid-year but will not be back to normal until end 2011.

BP has pledged USD1 billion to jump-start projects aimed at restoring the US Gulf Coast after last year's massive oil spill.

The Chinese Development Bank will finance low income housing in Vietnam under an agreement signed in Hanoi.

Vietnam remains an attractive place to invest, but low foreign currency reserves and dependence on certain imports add to investment difficulties.