Business

New decision may force a lot of car dealers to shut down business
17/05/2011 05:00
The Ministry of Industry and Trade (MOIT) has unexpectedly released a new decision, requesting car importers to show additional documents for customs procedures. Meanwhile, the documents are believed to be unattainable for many car dealers....
Businesses agonise over 20 percent interest
16/05/2011 05:00
Businesses are facing a million-dollar question these days: whether to continue to borrow from banks since interest rates have gone through the roof. A garment businessman in HCM City says he went to several banks this month for a loan and the lowest rate offered was 23...
Businessmen told to be cautious when doing business with Chinese
16/05/2011 05:00
Vietnamese businesses prove to be too credulous; therefore, in many cases, they incurred complete losses in doing business with Chinese enterprises. The trade with China makes up 14.7 percent of Vietnam’s total trade value. China is the biggest import market...
Fisheries sector to target better quality and wages
16/05/2011 05:00
Viet Nam will continue to follow its plan to develop the fisheries sector so that it achieves economies of scale and high global competitiveness in a sustainable manner, a senior official said last week. Addressing a conference held in Ha Noi, Deputy Minister of...
Bright spots amid plummeting FDI
16/05/2011 05:00
Short-term economic pain has deterred foreign investors from entering the real estate sector, but manufacturing opportunities are still being grasped. Official statistics show pledged foreign direct investment (FDI) into Vietnam in the first four months of 2011 was...
Consumer loan interest rates hike put borrowers into dilemma
16/05/2011 05:00
Borrowers complain that commercial banks have raised the interest rates of consumer loans too sharply, which has made the financial burden heavier on their shoulders. Mai Phuong, an officer of a state agency in district 5, said that she has been losing sleep...
Odd business: Vietnam has to import rubber
16/05/2011 05:00
A paradox exists: Vietnam, the fourth biggest rubber exporter in the world, now has to import rubber to make finished products domestically. Vietnam has been well-known in the world as a big rubber exporter. In 2010, Vietnam’s rubber export turnover reached...