Business

Bank loan interest rates climb to new high, SMEs stop borrowing
19/04/2011 05:00
VietNamNet Bridge – The lending interest rates have been pushed by commercial banks up to 20-22 percent per annum. Small and medium enterprises (SMEs) and individuals have stopped borrowing money because they cannot obtain the profits high enough to cover such a...
Central bank to set restrictions on banking investments in other banks
19/04/2011 05:00
The State Bank of Vietnam (SBV) is rushing to complete the compilation of the draft circular on the safety ratios for banking operation, which will set limitations on a bank’s investments in other banks. The new circular on the safety ratios for banking...
High inflations depressing foreign portfolio investors
19/04/2011 05:00
Though Vietnamese securities are very cheap, they are not attractive in the eyes of foreign investors, because the investors fear the high inflation rate will make their assets decrease. Earlier this year, when making the business plan, a foreign fund...
Inflation control aids stability
19/04/2011 05:00
The head of the Ministry of Finance’s price control department, Nguyen Tien Thoa, spoke to Tin tuc (News) about measures to curb the prices of essential goods and stabilise people’s living standards. What measures is the Ministry of...
Foreign businessmen’s farm produce collections will be legalized
18/04/2011 05:00
Foreign businessmen would be allowed to collect farm produce in Vietnam to export to other countries; if the draft circular guiding the goods trading activities have invested enterprises in Vietnam. The draft is now open for public opinions before being...
Hi-tech product market sees minor changes in ranking and positions
18/04/2011 05:00
Though the market was bustling in 2010 with many new products appearing, which caught some attention from consumers, there was nothing especially excellent in the year. GfK, a market survey firm, has officially...
Bosch opens â¬30-million plant in Vietnam
18/04/2011 05:00
German automotive supplier Bosch has opened a hi-tech facility to produce car parts in southern Vietnam. The plant, opened on Thursday, is developed by Bosch Group’s Gasoline Systems division on an area of 160,000 square...