Business

Powdered milk prices in Vietnam have gone up 16 times in the last 3 years, according to the Vietnam Chamber of Commerce & Industry.

International Monetary Fund and central bank officials from around the world met in China Monday to discuss ways to boost the global economic recovery.

Vietnam’s bankers are turning to beer, bed sheets, crash helmets and a variety of other unconventional incentives in a fiercely competitive drive to entice new customers.

Russian oil company TNK-BP said it had agreed a deal with BP to acquire the troubled British oil giant's assets in Vietnam and Venezuela for 1.8 billion dollars.

A recent report suggests that violations of competition laws are negatively affecting the Vietnamese market.

Vietnamese businesses have responded well to the “Vietnamese Using Vietnamese Products” campaign since its was launched a year ago.

The Asian Development Bank sees cooperation between Vietnam, Laos and Cambodia as vital to their economic future.

CBRE reported that while A grade office leasing in HCMC had slipped, B and C grade continued to shine in the 3rd quarter.

The draft law on the amendments and supplements to the Business Insurance Law has been completed before being submitted to the NA for approval.

Google reported that its quarterly profit soared on the back of its thriving Internet advertising service and that its display and mobile ad businesses are taking wing.

The number of apartments offered for sale in Hanoi during the third quarter of this year was just equal to 40% of those available a year earlier.

Rapid export expansion backed by high global prices will help Vietnam’s export turnover triple the initial target for this year.

Small to medium enterprises contribute about 47 percent of the country’s GDP and create over 54 percent of jobs.

The rubber industry is expected to reach this year’s export target of US$1.5 billion thanks to a price hike in the world market, said the Vietnam Rubber Association.

The Vietnam Chamber of Commerce and Industry and the European Chamber of Commerce signed a cooperation agreement to build a business alliance.

The State Bank of Vietnam has granted operation licences to an American bank and a Taiwanese bank to open two branches in Vietnam.

Vietnam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power plants have fallen behind schedule.

A bilateral Free Trade Agreement between Vietnam, Russia and the Customs Union of Russia-Belarus and Kazakhstan will bring huge benefit.

British experts shared their views on PPP opportunities for Vietnam, including an explanation of the legal framework of a PPP model.