Business

If Vietnam cannot settle the current deficiency of information security experts, it will fail in building up an e-government and become an IT power.

China’s yuan rise and inflation have made a number of its products more expensive than those of Vietnamese firms.

The target for average annual GDP growth for the next five years has been set at 7%, said Prime Minister Nguyen Tan Dung.

VietinBank has signed a deal to increase its cooperation with UniCredit S.p.A., the biggest bank in Italy.

With nine projects licensed last month, Vietnamese firms invested nearly USD1.8 billion abroad in the first four months this year.

Because of an oversupply of steel, the Government will now consider projects more carefully before granting licenses.

Vietnam will strive to attain a sustainable and environmentally-friendly economic growth, said the State Bank Governor.

The Asian Development Bank will provide Vietnam with a loan worth USD1.38 billion to provide access to clean water.

Vietnam's central bank raised the rate it offers for loans via open market operations by 100 basis points to 14 percent on Wednesday.

Vietnam wants to join South Africa in raising two-way trade to $1 billion in the next few years, said Vice President Nguyen Thi Doan.

Expectations of an impending price hike prompted petrol stations in several Mekong Delta localities to close down and/or rationed fuel sales.

Real estate owners are hunting for customers to buy their apartments as they tackle the dilemma of an acute shortage of funds.

Vietnam is making efforts to tame inflation at 11.75%, said Vo Hong Phuc, Minister of Planning and Investment.

Private investors are keen to jump onto the public-private partnership investment bandwagon, but local authorities are failing to do their part.

As Vietnam continues to develop it is also in danger of falling into the “average-income trap”, said the Asian Development Bank.

More foreign garment and textile investors are stitching up investment deals in Vietnam as production costs rise in China.

A report which scrutinised 300 projects with state investment found that 269 of them were halted because of waste last year.

The Asian Development Bank was set to discuss measures to control regional inflation at its regular meeting, which will take place in Hanoi.

It is still impossible to lower prices of many imported commodities even though the U.S. dollar has strongly depreciated.