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Ultimatums have been given to foreign developers sitting on their hands instead of developing their projects.
Two new airports are going to be constructed in the southern province of Dong Nai and the northern city of Haiphong.
Experts at an investment promotion conference held in Ho Chi Minh City yesterday agreed that for the medium- and long-term future, Vietnam would remain an attractive destination for investors, especially because of the private sector growth.
Alain Cany, chairman of the European Chamber of Commerce in Vietnam, has called for a more transparent business environment to attract investors. Vietnam is trying to improve the climate through an administrative reform project, known as Project 30, with more than 5,000 administrative procedures to...
HCMC – More investors from the U.S. are expected to enter Vietnam’s service sector after the year 2012 when the Trans-Pacific Partnership (TPP) agreement is concluded, giving stronger leverage to the local economy but also sparking tougher competition, experts said.
HCMC – Interest rates, both borrowing and lending, are no longer leashed under new moves by the Government to contain inflation, which means enterprises will have to face higher capital costs and have to rethink their expansion schemes.
Gold and the US dollar set record prices in Vietnamese market as they continued their dramatic surge on the street this morning.
In its regular meeting for October 2010 on November 6, the government gave top priority to curbing inflation, stabilising macro-economy, tightening price control, and strictly punishing all price-relating violations. The government also gave comments on the draft strategy on national loans and payment...
The Vietnamese government has enacted Decree 107/2010/ND-CP and Decree 108/2010/CN-CP regulating minimum salary hikes for laborers working at foreign-invested enterprises (FIEs) in Vietnam and domestic state-run and private businesses.
Vietnam will not take any moves to depreciate the Vietnamese dong against US dollar until Tet or February next year.
A tightening of monetary policies looks likely as the consumer price index continued its steep trajectory. The index (CPI) in October rose 1.05 per cent against the previous month, or 7.58 per cent compared with December 2009, according to the General Statistics Office (GSO).
State President Nguyen Minh Triet and Russian President Medvedev, during their talks this morning in Hanoi, exchanged views on a wide range of bilateral, regional and international issues of common concern.
