Individuals only allowed to carry $5,000 abroad
The State Bank of Vietnam will issue a regulation allowing individuals to carry only USD5,000 abroad as maximum.
Obama proposes $4 trillion in deficit cuts
US President Barack Obama unveiled a $4 trillion deficit reduction drive on Wednesday and savaged Republican plans that he said would reward the rich.
Philex unit finds more oil, gas in Vietnam
Philex Mining Corp. said its international oil exploration affiliate has found encouraging oil and gas flow rates in Block 07/03 offshore Vietnam.
Vietnam hopes to attract more FDI with Vietnam-EU FTA
Vietnamese expect that once the Vietnam-EU Free Trade Agreement is inked, the EU’s foreign direct investment in Vietnam will increase.
Obama to lay out US deficit plans
US President Barack Obama is set to try and wrest control of Washington's fevered debate over the economy and bulging deficit.
Site clearance problems slow big FDI projects
A number of big foreign-invested projects have been put on de facto hold due to site clearance problems.
Vietnam hopes to attract more FDI with Vietnam-EU FTA
The EU’s foreign direct investment in Vietnam is believed to increase once the Vietnam-EU Free Trade Agreement is inked.
Vietnam moves towards competitive energy market
Vietnam is speeding up technical preparations in a bid to foster a competitive power generation market beginning July 1.
Toyota to halt production at five European plants
Japanese auto giant Toyota said it would temporarily halt production at five European plants for several days in April and May.
Rising deficit only part of trading tale
The trade deficit with China stood at USD1.73 billion in the first two months of this year, compared to USD1.6 billion in the same period in 2010.
Steel projects bent out of shape by land woes
Site clearance woes are proving thorns in the side of billion-dollar foreign-invested steel projects.
Many workers labour under FIE employment conditions
A low-salary, high-pressure environment is driving many workers at scores of Vietnam-based foreign-invested enterprises to strike or change jobs.
Gold trading floors still operate despite ban
Many gold exchange floors have remained operating in spite of the State Bank’s ban, which took effect last year.
First international tea festival to be held in Vietnam
An international tea festival will be held in Thai Nguyen Province in November, the first of its kind in Vietnam.
Banks told to increase dollar reserves
The State Bank of Vietnam increased the compulsory reserve ratio for foreign currency deposits held by commercial banks to 6 percent.
VCCI: High interest rates an obsession for businesses
Thirty three percent of businesses cannot afford the current long term lending interest rates of 12-13% and higher, a VCCI survey has found.
Higher input costs drive up coal prices
Following the trend of other staples, prices for coal have been increased by between 20% and 40%.
Rice exporters’ appetite to be met
Although the global price of rice has fallen continuously in the past months, there are some positive signs of a change in fortune for local rice exporters.
Taiwanese find the Vietnamese market attractive
More than 100 businesspeople from Taiwan came to Vietnam to study investment environment and opportunities.
Government taking a close look at price hikes
The Ministry of Finance plans to scrutinise price hikes of seven staples beginning mid-April so to prevent possible price gouging.
