Business

Industrial output soars in November

Industrial production in November surged 3.6 percent month-on-month, lifting the growth rate for the first 11 months to 7.3 percent over the same period last year, the General Statistics Office said.
Business

Long An offers incentives for border zone investors

The Mekong delta province of Long An will offer a clutch of incentives related to taxes, fees, land rental, and others to companies investing in its two border gate economic zones (BGEZ) of Binh Hiep and My Quy Tay. It will fully waive rents for entrepreneurs investing in certain sectors.
NA okays Ninh Thuan nuclear power project Business

NA okays Ninh Thuan nuclear power project

The National Assembly on November 25 approved a project to build two nuclear power plants with a combined investment of around 200 trillion VND (roughly 11 billion USD) in the central province of Ninh Thuan .
ASEAN

Malaysia bank gears up for Vietnam market

CIMB Group, one of the leading banking corporations in Malaysia , said it is the right time to boost investment within Southeast Asia and enter the Vietnamese market.
Business

BNP Paribas to increase stake in local bank

French bank BNP Paribas will increase its stake in Vietnam ’s Orient Commercial Joint Stock Bank from 15 to 20 percent next year, under a memorandum of understanding signed last week.
Politics

Vietnam supports ICT cooperation with Ireland

Vietnam is ready to provide assistance to its businesses in establishing cooperation with their Irish counterparts in the field of information and communication technologies (ICT), said Deputy Prime Minister Hoang Trung Hai on Nov. 16.
Business

India likely to buy rice from Vietnam

India may buy rice from Vietnam and Thailand as the country is expected to import nearly 2 million tonnes amid dropping output due to destructive monsoon.
Business

Auto imports climb in October

Vietnam imported roughly 9,000 vehicles worth 140 million USD in October, up 20.7 percent in terms of volume but down 3.4 percent in terms of value.
Business

Real estate boom tipped for next year

Following the announcement of real estate figures in October, the last quarter of this year is predicted to be the best time for property investors in HCM City to accelerate their investment.
Stimulus packages continue at lower loan interest subsidy Business

Stimulus packages continue at lower loan interest subsidy

The Government will continue with its policy to stimulate the economy and support social welfare in 2010, extend stimulus packages but lower loan interest subsidy, limiting the number of targeted beneficiaries and shortening the duration of loans.
National Assembly discusses budget allocations Politics

National Assembly discusses budget allocations

National Assembly deputies have urged the Government to reconsider the budget allocation structure under which more attention will be given to agriculture, rural areas and farmers as well as programmes relating to gender equality and climate change.