Business

The State Bank of Vietnam will issue a regulation allowing individuals to carry only USD5,000 abroad as maximum.

US President Barack Obama unveiled a $4 trillion deficit reduction drive on Wednesday and savaged Republican plans that he said would reward the rich.

Philex Mining Corp. said its international oil exploration affiliate has found encouraging oil and gas flow rates in Block 07/03 offshore Vietnam.

Vietnamese expect that once the Vietnam-EU Free Trade Agreement is inked, the EU’s foreign direct investment in Vietnam will increase.

US President Barack Obama is set to try and wrest control of Washington's fevered debate over the economy and bulging deficit.

A number of big foreign-invested projects have been put on de facto hold due to site clearance problems.

The EU’s foreign direct investment in Vietnam is believed to increase once the Vietnam-EU Free Trade Agreement is inked.

Vietnam is speeding up technical preparations in a bid to foster a competitive power generation market beginning July 1.

Japanese auto giant Toyota said it would temporarily halt production at five European plants for several days in April and May.  

The trade deficit with China stood at USD1.73 billion in the first two months of this year, compared to USD1.6 billion in the same period in 2010.

Site clearance woes are proving thorns in the side of billion-dollar foreign-invested steel projects.

A low-salary, high-pressure environment is driving many workers at scores of Vietnam-based foreign-invested enterprises to strike or change jobs.

Many gold exchange floors have remained operating in spite of the State Bank’s ban, which took effect last year.

An international tea festival will be held in Thai Nguyen Province in November, the first of its kind in Vietnam.

The State Bank of Vietnam increased the compulsory reserve ratio for foreign currency deposits held by commercial banks to 6 percent.

Thirty three percent of businesses cannot afford the current long term lending interest rates of 12-13% and higher, a VCCI survey has found.

Following the trend of other staples, prices for coal have been increased by between 20% and 40%.

Although the global price of rice has fallen continuously in the past months, there are some positive signs of a change in fortune for local rice exporters.

More than 100 businesspeople from Taiwan came to Vietnam to study investment environment and opportunities.