Vietnam caps deposit interest rates at 14%
The State Bank has issued a circular to cap interest rates for deposits in VND at 14% per year, for commercial banks.
Vietnam to change FDI tactics in 2011
The FDI situation will see some changes in 2011 as the country will concentrate on raising the quality rather than the quantity of FDI projects.
Vietnamese coffee companies afraid of losing their own market
Domestic coffee companies are extremely worried about new foreign competition.
World food prices hit record highs amid oil jitters
World food prices have hit record highs and oil price spikes could push them even higher, the UN food agency warned.
Finance Ministry seeks to raise personal income tax threshold
The Ministry of Finance is seeking the prime minister’s approval for many changes in personal income tax laws.
US probes Las Vegas Sands bribery claims
The Macau unit of casino giant Las Vegas Sands has come under a US criminal investigation.
Nokia to establish new manufacturing site in Vietnam
Nokia announced plans to establish a new manufacturing site near Hanoi in northern Vietnam.
In surprise appearance, Jobs unveils iPad 2
Apple CEO Steve Jobs unveiled a new version of the iPad that is thinner and lighter than the original version and features cameras.
Airline industry 2011 outlook downgraded amid high oil price
The International Air Transport Association downgraded its airline industry outlook for 2011 to $8.6 billion from the $9.1 billion it estimated in December 2010.
Vinamilk develops tailor-made products for Vietnamese children
Vinamilk has signed an agreement with three European nutrition companies to create products that will better fit the particular needs of Vietnamese children.
Transportation operators attempt to raise prices
Many transport firms in Hanoi have submitted proposals to increase fees, citing high fuel prices as the cause.
Germany to fund EUR28 million for metro project in HCMC
The German Reconstruction Credit Institute will provide financing, amounting to EUR28 million, for a project to build metro line No.2 in Ho Chi Minh City.
Gold hits new record
Gold struck a new record high at $1,434.50 an ounce as worries spread that the surging price of oil could fuel inflation and dampen economic growth.
Credit restricted for borrowers in real estate, securities
Local banks are required to reduce loans to businesses in non- manufacturing sectors, particularly real estate and securities.
Firm to disclose dollar reserves
Commercial banks have been ordered by the State Bank of Vietnam to report on the foreign currency deposits of 99 major State-owned enterprises.
Importers worried over large shipment of animal feed re-export
Animal feed importers worry over losses incurred because they have been required to send back a large volume of maize.
Slow pace equals increased costs for infrastructure project
The result of delays in a Ho Chi Minh City infrastructure project is likely to increase its cost to over VND7 trillion.
Industrial output rises 14.6% in two months
The nation's industrial production was estimated at nearly VND131 trillion (USD6.24 billion) in the first two months of the year.
Government official: CPI forecast to rise 9% this year
Vietnam’s consumer price index will likely rise by 4.4% to 4.5% in the first quarter, and 9% for the entire year, said an official.
Vietnamese businesses appraise Laos’ prospects
A large number of Vietnamese businesses operating in Laos have spoken highly of the country’s prospects for investment.
Most Read