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  • Central bank wants unofficial gold bullion trade banned 

    08/03/2011 05:00

    A shop assistant buys gold and jewelry from a customer at a gold shop in downtown Ho Chi Minh City. Vietnam plans to eliminate gold bullion trading in the unofficial market. The State Bank of Vietnam is planning to eliminate gold bullion...

  • Modern markets cannot lure visitors

    Modern markets cannot lure visitors

    07/03/2011 05:00

    VietNamNet Bridge – The modern markets located on golden land plots in the center of the capital city cannot attract small merchants and customers. Why? Several years ago, in a plan to build Hanoi into a modern...

  • People rush to sell dollars to stop loss, free market halts transactions

    People rush to sell dollars to stop loss, free market halts transactions

    07/03/2011 05:00

    VietNamNet Bridge – The dollar price has been decreasing in recent days, which has prompted people to rush to sell dollars to stop losses. Meanwhile, the free market has halted transactions, which has been blamed on the drastic measures by the State Bank of Vietnam...

  • Power, fuel price hikes double whammy

    Power, fuel price hikes double whammy

    07/03/2011 05:00

    The hikes in electricity and fuel prices on March 1 are causing distress to businesses and ordinary citizens. With prices going up all round as a result, practicsing thrift seems to be the only solution at the moment. Nguyen Tuan Khai, chairman and general director of...

  • Banks nabbed for violating interest cap

    Banks nabbed for violating interest cap

    07/03/2011 05:00

    State Bank of Viet Nam Governor Nguyen Van Giau, in a press briefing on Friday, urged banks to take seriously the 20-per-cent ceiling for credit growth set for this year. Commercial banks will need to tweak their 2011 lending strategies to ensure they keep within...

  • BUSINESS IN BRIEF 8/3

    07/03/2011 05:00

    Builders struggle with increasing prices Many property enterprises are struggling to survive the increase in building materials, electricity and gasoline prices combining with the government’s tight monetary policy to tame inflation. Chairman Le Chi Hieu of...

  • Port buffeted in a financing storm

    07/03/2011 05:00

    Financing disagreements are holding back the development of a crucial port for northern Vietnam. According to the Ministry of Transport (MoT), the construction of Lach Huyen’s first two berths have not begun because of a change in investors. Vice Minister of...

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