Business

3 officials of main bank resign following arrest of tycoon
20/09/2012 02:11
The Asia Commercial Bank (ACB) said in a press release Wednesday that board chairman and former Minister of Planning and Investment, Tran Xuan Gia, and two deputy board chairmen, Le Vu Ky and Trinh Kim Quang, had resigned due to personal and health issues. The bank said the three officials...
Vietnam attracted by software outsourcing
19/09/2012 01:55
AT Kearney’s research showed that Vietnam remained in the global top ten for software outsourcing despite a decline in some key indicators. Nguyen Trong Duong, head of the Information Technology (IT) Department under the Ministry of Information and Communications, said that...
Improving statistics quality with US$6 million
18/09/2012 01:45
The US$5.97 million project will receive US$4.5 million from the United Nations Population Fund (UNFPA) and US$800,000 from the United Nations Human Settlements Programme (UNHABITAT). Its objective is to improve the quality of collecting, analyzing, forecasting and disseminating data on...
Illegal foreign trade causes headache for authorities
15/09/2012 05:02
� � � � � � � �� Many Chinese violate trade law At a conference on raising awareness about laws governing foreign trade in Vietnam , held by the Ministry of Industry and Trade (MIT) in Nha Trang on September 12, the leaders of 14 local market management departments from the...
Vietnam-Japan forum boosts investment in industrial zones
14/09/2012 01:38
It is part of the Vietnam -Japan Meeting 2012 which is taking place in Japan from September 13-17. The event drew more than 300 delegates including major investors and businesses from Japan and Vietnam. Addressing the opening ceremony, Vietnamese Ambassador to Japan Doan Xuan Hung...
Opinions differ on personal tax threshold lift
13/09/2012 03:10
In August, the government gave a go-ahead for the proposal to amend the personal income tax law developed by the Ministry of Finance, which aims at increasing the personal tax threshold to VND9 million a month, up from the current VND4 million. (VND1 million = US$48) Taxpayers will be...
Vietnam should improve to develop outsourcing
11/09/2012 01:35
With large investment inflows and a favourable geographical location, Vietnam ’s outsourcing services have huge potential for steady growth in the near future. Outsourcing means hiring an independent service provider to perform business processes that an organization may have...