Business

Power shortages have become one of the biggest barriers for investors doing business in Vietnam, experts said.

Citibank Vietnam has signed a contract to provide USD200 million in funding for the development of Vietnam’s power transmission network.

The trade deficit increased to USD6.6 billion in the first five months this year compared to USD5.4 billion in the same period of last year.

The Ministry of Finance is querying other agencies about the possibility of imposing new taxes on vacant homes.

Vietnam's inflation may touch 20 percent in coming months, according to a recent HSBC report.

Foreign direct investment disbursements in Vietnam are forecast to reach $4.52 billion in the first five months of this year, according to the Ministry of Planning and Investment.

Vietnam faces a gigantic building steel surplus when five new high-capacity plants become operational late this year.

Leaders of the world's richest nations begin a summit in France dominated by the Arab Spring, the economy, and Japan's nuclear disaster.

JICA has signed an agreement to provide technical assistance for Vietnam to operate and maintain expressway.

Vietnam’s state-owned enterprises could face a nationwide audit of assets beginning on July 1, according to a proposed regulation.

The World Bank has approved a $350-million loan for a project to increase public investment in Vietnam.

The EU raised EUR4.75 billion for Portugal in a new bond issue, while the IMF gave its first tranche of emergency funding as part of a joint bailout.

The Banking Vietnam Conference 2011, themed “Optimising technology infrastructure – diversifying banking services,” opened in Hanoi.

Crisis still stalks the global economy with stagflation lurking despite moderate overall recovery, the OECD said.

Coca-Cola has promised to act as an agent of positive change globally by optimising sustainable business and development practices.

French Finance Minister Christine Lagarde launched a bid on Wednesday to head the International Monetary Fund.

Industrial production in the first five months of the year surged 14.2 percent against the same period in 2010 to USD16.36 billion.

Online retail titan Amazon.com and bookselling giant Barnes & Noble dueled Tuesday for the devotion of digital book lovers.

The consumer price index in May soared 2.21 percent against last month, causing an increase in the five-month CPI to over 12 percent since December 2010.