Lower profits mean smaller Tet bonuses
Managers of companies stated that it will be difficult for them to maintain employee Tet bonuses at the same level as last year.
Minimum asset requirements doubled for the establishment of banks
Beginning Feb. 1, 2012, the minimum assets required to form a new bank will jump to VND100 trillion.
NA committee proposes halt to new economic zones
The National Assembly Standing Committee called for a freeze on the building of new economic zones at a meeting on their operations.
Cement market to face difficulties in 2012
The domestic cement market will remain sluggish in 2012 because of continuing difficulties in production and business this year, according to experts.
Euro ministers in new crisis talks
Eurozone finance ministers will hold talks on the debt crisis on Monday to flesh out plans made at a Brussels summit this month to save the European currency.
SBV to focus on restructure of weak banks in coming year
The State Bank will focus on restructuring weak banks in the next year to ensure the liquidity in the entire banking system.
Reform of state firms could cost Vietnam $3 billion
The restructuring of state-owned enterprises will require up to USD3.12 billion for debt restructuring, handling of losses, and workforce rearrangement.
Vietnam enters the top five exporters of vegetables and fruit
Vietnam has earned $515 million in revenue from exporting vegetables and fruit to become the fifth largest exporter in the world.
Hanoians turn their backs on apartments for houses
Despite several big promotions that offer significant discounts for apartments, more people are seeking to buy houses instead.
Vietnam to expand modern retail system
The Ministry of Industry and Trade wants to move the nation away from traditional markets to a modern retail distribution system, said an official.
Fitch downgrades six global banks
Fitch downgraded six major global banks, citing increased challenges in their business and the prospect of financial turmoil ahead.
Steps to curb fraud, increase safety in gas market
Stricter measures will soon be applied on frauds in the cooking gas market in order to ensure consumer safety.
Parboiled rice exports to increase
Vietnam hopes to increase export of parboiled rice by a third next year to 400,000 tonnes.
Transport Ministry to inspect taxi firms at Tan Son Nhat Airport
The Ministry of Transport has demanded an inspection of 11 taxi firms operating at Tan Son Nhat International Airport.
3 companies, 1 individual banned in World Bank-financed projects
The World Bank announced Wednesday the debarment of three companies and one individual for sanctionable practices in projects financed by the bank in Vietnam and Indonesia.
Ministry turns eyes to developing cocoa industry
The Ministry of Agriculture and Rural Development has set its sights on bringing 35,000 hectares under cocoa farming.
BIDV remains upbeat about troubled shipbuilder debts
Vinashin and the Hoang Anh Gia Lai Group currently owe VND6.3 trillion to the Bank for Investment and Development of Vietnam.
OPEC meets to decide on oil output targets
OPEC holds a ministerial meeting to decide on oil production levels, with markets expecting the cartel to maintain its official quota.
France to grant EUR1 million for microfinance project
The French Development Agency signed a EUR1 million grant agreement to support Vietnam in sustainable microfinance development.
Vietnam to welcome the six millionth visitor
Vietnam is expected to welcome the six millionth international visitor, marking a successful year for the country’s tourism, according to the National Administration of Tourism.
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