Business

Global bankers meet to agree new capital reserve rules

Central bank governors and senior regulators are meeting in the Swiss city of Basle to agree a deal requiring banks to hold more capital in reserve.

Foreign investment remains strong in Vietnam

Foreign investment flow in Vietnam is surging, according to the latest report on Vietnam’s economy provided by Standard Chartered bank.

Japan revises growth up, but China stays on top

Japan's economy expanded more than first thought in the April-June quarter, soothing fears that a fragile recovery could grind to a halt.

Food imports stuck at HCM City ports

More than 500 containers (23-25 tons per container) of imported food have been stuck at Cat Lai Port in Ho Chi Minh City for the last week.

Imported milk prices on the rise in anticipation of new law

A new law becomes active next month, aiming to prevent unreasonable price hikes for imported milk. However, it has prompted companies to do just that.

Global economic recovery is slowing, OECD warns

Global economic recovery is slowing faster than expected and extra stimulus from governments may be needed, the OECD warned.

Vietnam is world’s fourth biggest footwear producer

Vietnam expects to earn US$5.2 billion from footwear exports in 2010.

Google unveils faster Internet search

Google is giving Web searchers a turbocharged engine that displays suggested Web links as fast as a person can type.

China cassava processors seek partners

More than 30 Chinese cassava importers and suppliers of cassava processing technology met local businesses on Sept.7 in Ho Chi Minh City.

World stocks drop as investors seek safety

World stock markets fell on Wednesday as investors sought safety amid fresh worries about the fragile economic recovery.

Gold hits new high

The price of gold in Vietnam jumped to an all-time high of VND29.45 million a tael on September 8.

Steel companies accused of exploiting Vietnam’s electricity prices

EVN has made claims to PM Nguyen Tan Dung that foreign investors are exploiting the country’s cheap electricity prices.

Call for FDI licensing rules to become tougher

The Foreign Investment Agency under the Ministry of Planning and Investment was urged to keep a close eye on unqualified projects in order to boost disbursement.

Hanoi’s pilot urban railway construction almost underway

Construction will begin on a pilot urban railway, running from Nhon to Hanoi Railway Station, on September 22.

Seafood companies concerned about new regulations

Many seafood businesses have voiced their concerns about difficulties they face in the implementation of news regulations on seafood.

FDI headaches as Government forced to revoke certificates

The revocation of scores of foreign direct investment licenses is a result of a focus on volume and value rather than quality and the capability of investors.

Businesses urged to promote exports

Businesses should work out measures to reduce input prices, solve the shortages of skilled labour and production materials as well as boost exports in the remaining months of the year.