Business

Local banks are required to reduce loans to businesses in non- manufacturing sectors, particularly real estate and securities.

Commercial banks have been ordered by the State Bank of Vietnam to report on the foreign currency deposits of 99 major State-owned enterprises.

Animal feed importers worry over losses incurred because they have been required to send back a large volume of maize.

The result of delays in a Ho Chi Minh City infrastructure project is likely to increase its cost to over VND7 trillion.

The nation's industrial production was estimated at nearly VND131 trillion (USD6.24 billion) in the first two months of the 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.

A large number of Vietnamese businesses operating in Laos have spoken highly of the country’s prospects for investment.

Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. was gung-ho about opening a casino in Ho Chi Minh City.

Foreign investors registered US$1.56 billion by February 23, representing 68 percent of the figure in the same period last year.

Vietnam committed to further creating favorable conditions for foreign investors in Vietnam, including those from the US, said President Nguyen Minh Triet.

Vietnam's export and import turnover in February declined by 26 percent and 22 percent, respectively, in comparison with the previous month's figure.

Price hikes in electricity and petroleum are necessary to offset losses in those industries, said Minister Vu Van Ninh.

The price of various brands of powdered milk will rise by between 6% and 20% next month.

Japanese automaker Toyota has recalled another 2.3 million vehicles to fix floor mat and carpet defects that could jam the accelerator.

FPT, Vietnam’s leading IT corporation, appointed a new general director on Wednesday.

Vietnam should set up a fund to stabilise VND/USD exchange rate, said an expert.

The Ministry of Finance has approved raising petroleum prices by 16.62% to 24.06%, beginning February 24.

The International Monetary Fund called for a weaker dollar to help America reduce its deficits with the rest of the world and rebalance the global economy.

Apple on Wednesday sent out emailed invitations to a San Francisco press event hinting at the debut of a new version of its hot-selling iPad tablet computer.