Business

Central bank to cut forex position

The central bank is consulting relevant authorities over a draft circular that would bring down foreign exchange position of local credit institutions.

Milk importers flaunt advertising regulations

Two milk importers in Vietnam have been rapped for exceeding their advertising and promotional spending caps.

Toyota recalls more than 110,000 hybrid cars

Toyota will recall over 110,000 hybrid vehicles in the U.S, Japan and Europe because of faulty transistors in electrical power control boards.

WB commits to hydropower development in Vietnam

WB signed an agreement to fund $330 million for the first Vietnamese hydropower project to be built with their funding in the last decade.

Japanese production sees big rise in May

Japan's industrial output in May logged the second-largest monthly rise on record, signalling a continuing recovery for the economy, data showed.

More scrutiny over public investment in Vietnam

A plan is in place to monitor public investment in Vietnam, which is expected to begin in late 2013.

Wonderbuy sells in American style, goes bankrupted in Vietnamese style

For the first time in Vietnam, a Vietnamese American-styled retailer--Wonderbuy, has filed for bankruptcy.

France's Lagarde first woman IMF chief

France's Christine Lagarde was named the first-ever female chief of the IMF, faced with an immediate crisis.

Luxury golf project to be built inside HCM City's airport

HCM City authorities have approved a blueprint for a $300-million golf course, luxury resort and housing complex in Tan Son Nhat Airport.

China, Germany ink $15 billion in deals

China and Germany inked more than $15 billion in business deals but China warned Europe against interfering in its internal affairs.

FDI hit 5 billion USD in first half of 2011

Foreign investors poured USD5.3 billion into the country in the first half of the year, the Foreign Investment Agency reported.

High-end apartment buyers left with quality headaches

Big-spenders splashing out on new high-end apartments have been left coping with substandard homes.

LN: Gangster groups emerge in Czech Vietnamese community

Almost all Vietnamese grocers across the Czech Republic must pay protection fees to Vietnamese mobsters, daily Lidove noviny writes.

Illegal coal mining still rampant in Quang Ninh Province

Illegal coal mining continues in Quang Ninh Province, affecting the lives of residents and depleting natural resources.

Vietnam attains GDP growth of 5.6 percent in first six months

Vietnam attained a GDP growth of 5.6 percent in the first half of the year, reported the Ministry of Planning and Investment.

Vietnam exports 3.5 million tonnes of rice in six months

Vietnam exported 3.5 million tonnes of rice in the first six months of this year, earning USD1.7 billion, said the Vietnam Food Association.

Trade deficit of $6.6billion forecast for first half

Vietnam's export value in June was estimated to hit $7.8 billion, lifting the total export value in the first half of this year to over $42.33 billion.