Credit growth stalls as interest rates soar
Commercial banks saw a credit growth of 5 percent in the first four months of the year, the State Bank of Vietnam announced this week.
TNK-BP shareholders prepare USD5-10 bn BP suit
A shareholder of TNK-BP had filed papers for a suit seeking USD10 billion in damages from BP over its proposed tie-up with Rosneft.
Transfer pricing found at both foreign and local businesses
Both foreign-invested enterprises and local firms in HCM City have been found to have transfer pricing practices to evade taxes.
Toyota Vietnam announces production recovery plan
Toyota Motor Vietnam said that it would gradually recover production from June 6 as spare parts supply will be back to normal then.
Viettel pioneers in testing 4G services
The military-run telecoms group, Viettel, has become the first network operator in Vietnam to provide 4G technology.
Japan's Takeda to buy drugmaker Nycomed for USD12 bn
Japan's top drugmaker Takeda Pharmaceutical has reached a USD12 billion deal to buy Swiss drugmaker Nycomed, a report said.
Toyota boosts US production sooner than expected
Toyota will be able to boost its US production sooner than expected following a devastating Japanese quake and tsunami.
EU wants to import more tra fish
Businesses at the European Seafood Exposition in Belgium have affirmed that they will import more tra fish from Vietnam in summer.
Casino licensing may be getting out of hand
A recent rush to get licenses for number of casino projects around the country may make gambling difficult to control.
New ban likely to increase banks’ gold inventory
Central bank's ban on gold deposits and lending will cause difficulties for banks in Vietnam to deal with gold already in stock.
TEPCO to log USD12 bn loss after crisis: report
Tokyo Electric Power Co. is expected to book losses of over USD12 billion due to the crisis at its tsunami-hit nuclear power plant.
Only one third of SMEs able to get bank loans
Just one third of Vietnamese small and medium-sized enterprises can get loans from banks, a survey says.
US, China laud deal on economic ties
The United States and China inked a broad economic framework Tuesday.
Microsoft mulling Skype buy: Wall Street Journal
US software giant Microsoft is near to clinching a deal to buy Internet telephony pioneer Skype for USD7-8 billion.
Construction begins on Vietnam’s largest private hospital
Vietnamese firms started building a USD95 million private hospital in Hanoi on May 10, the biggest of its kind in the country.
Investment in agriculture to be reduced
The Ministry of Agriculture and Rural Development has decided to adjust the allocation of public investment into the agriculture sector.
No changes in personal income tax law this year
The National Assembly has turned down a proposal for changes in the personal income tax law this year.
Direct Vietnam-UK air service expected this autumn
Vietnam Airlines’ long-awaited direct air service to the United Kingdom will hopefully commence this fall.
China favours stronger yuan to fight inflation
Confronted with fresh US pressure over its currency policy, China appears more willing to let yuan strengthen at a faster pace to curb inflation.
Vietnam’s travel agencies look to resume tours to Japan
Representatives of Vietnamese travel agencies will join a trip to Japan to encourage local companies to resume booking tours to the country.
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