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Domestic gold prices shot up Friday (22 May 2009) to a new high of VND20.66 million per tael while there was little change in global prices.
Interest rates on mobilized capital offered by a number of commercial banks have tended to increase slightly over the past months, causing worry that an interest rate race may be on the horizon.
Standard & Poor’s affirmed Vietnam’s sovereign ratings, highlighting the country’s economic growth prospects and restructuring efforts, but kept a negative outlook citing the vulnerability of the banking sector.
The Ministry of Industry and Trade predicted that in 2009 and 2010 Vietnam will be experiencing difficulties regarding its exports. To overcome these difficulties, the ministry says that Vietnam will increase exports and reduce the trade deficit in 2009 and 2010, mostly via the key export markets of...
A national first-grade city, Hai Phong, has the potential to attract foreign direct investment (FDI). But, provinces and cities nationwide are competing for in coming FDI, and this competition is expected to get tougher in the months to come. This is why the city needs renovation, including workforce...
Angolan Prime Minister Paulo Kassoma has asked Vietnam to continue to share socio-economic experiences with the African country, especially in health care, education and training, agriculture, science-technology and oil and gas.
Minister of Construction Nguyen Hong Quan on May 22 presented a report on amendments to article 126 of the Housing Law and article 121 of the Land Law, allowing more overseas Vietnamese to buy and own houses in Vietnam.
The Government has suggested the country’s lawmakers revise down the gross domestic product (GDP) growth target for this year, citing lingering uncertainties at home and abroad.
The Ministry of Planning and Investment on May 15 officially launched its portal at http://mpi.gov.vn after spending two years upgrading the system.
The city needs appropriate policies, advanced technology and increased community awareness to develop the recycling industry in HCM City and to build a "recycling society," says Dr Le Van Khoa, director of the HCM City Recycle Fund.
The Ministry of Culture, Sports and Tourism, which is drafting the advertising bill and is scheduled to submit the bill to the National Assembly by the end of the year, wants to remove the licencing for billboards, work which has been done by local departments of culture, sports and tourism.
