New law seeks to reveal mislabeled Chinese imports
Vietnam’s Law on Food Safety and Hygiene is expected to help tighten control over fruit and vegetable imports.
PetroVietnam puts more oil fields into operation
Vietnam National Oil and Gas Group will exploit five more oil fields in order to produce 23 million tonnes of oil for this year, said an official.
Travel agents report record half-year figures
The tourism industry has earned VND62 trillion from almost 2.97 million international tourists and 17.5 million local holidaymakers in the first half of 2011.
Tight credit puts pinch on property market
High interest rates and tighter credit are lowering the liquidity of real estate and pushing housing developers into bankruptcy, said experts.
TV shopping firm found selling fake goods
A TV shopping firm was recently found trading copycat products under the same brand name as another trader.
Vietnam to tighten import of luxury products
Authorities have requested control on imports of cars, mobile phones, liquor and wine, and cosmetics.
Toyota's whistle-blowing engineer honoured
An engineer was honoured for revealing serious technical problems in cars produced at Toyota’s plant in Vietnam.
Export revenue to reach US$85.5 billion in 2011
Vietnam is expected to earn a total export revenue of USD84.5-USD85.5 billion in 2011, said the Ministry of Industry and Trade.
Government to consider early pay rises
Companies in Vietnam may increase the minimum wage from October 1, instead of January 1, 2012 as earlier planned.
US multi-level marketing firm goes bust
The Vietnam branch of US multi-level marketing firm Agel has closed, leaving dealers with losses of VND6 billion.
Low pay leads to labour shortage
Vietnamese businesses are facing a serious shortage of manpower since workers are quitting and unhappy due to low salaries.
Mobile operators warned for ‘loose management'
Authorities have warned major mobile phone service providers over their loose management of message switchboards.
Deposit rates ease from 14% ceiling
Some banks have their quoted deposit rates for Vietnam dong slightly lower than the ceiling rate of 14% per year.
Local businesses favor virtual offices amid economic turmoil
Economic slowdown combined with Ho Chi Minh City’s skyrocketing office rents have forced many businesses to opt for virtual offices.
Chinese flock to Vietfish to collect seafood products
Chinese businessmen at Vietfish 2011, the international seafood trade fair held on June 28-30, to collect seafood products.
Vietnam pilots first phase of energy market experiment
The Ministry of Industry and Trade launched the competitive power generation market with the participation of 48 power plants.
Government keeps focus on inflation control
The country’s focal task in the second half of 2011 is to continue synchronously implementing measures to curb inflation.
New law improves consumer rights
The new law, which came into effect on July 1, will be an effective legislative tool for protecting consumer rights.
Asian manufacturing activity slows in June
Manufacturing activity in Asia's emerging economies slowed further in June, data showed Friday.
State Bank tries to limit number of gold traders
Banks that trade in gold must establish separate companies with independent accounts, according to Vietnam Gold Trading Association.
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