VAMC looks to find foreign buyers for bad debts
Thanks to concerted efforts by the Viet Nam Asset Management Company (VAMC) and commercial banks, the former has so far bought around VND50 trillion (US$2.4 billion) worth of bad debts and plans to increase that to VND70-100 trillion by year-end.
Good jobs hard to find for returning workers
Thousands of workers struggle to find a suitable job after returning home to Viet Nam despite having good skills and experience of working abroad for years.
Bank sector hopes of bolstering capital dashed
At their annual shareholders meetings last year many banks agreed to increase their capital this year to improve their financial capacity and cope with the imminent competition arising out of the banking sector restructure.
City boosts exports despite China trade difficulties
Despite the continuing economic turmoil, HCM City achieved significant growth in exports in the first half and targets more growth in the second.
Banks on prowl for retail finance companies
At shareholders' meetings this year many banks unveiled plans to acquire finance companies to take advantage of their retail business and boost lending.
Foreign investment forecast to hold steady
Local agencies expect that foreign-direct investment (FDI) for 2014 will reach the same volume of last year, as major FDI projects are slated to be signed in the second half of the year.
Banks eye bonds to capitalise on low rates
After companies, it is now the turn of banks to issue bonds to take advantage of the low interest-rate regime to raise funds and also, in some cases, increase tier II capital to achieve capital adequacy.
Foreign investment helps revive housing market
Liberal policies and incentives from the Government and huge foreign investment are gradually pulling the property market out of its long slump.
Will formula milk price caps benefit consumers?
In late April the finance ministry examined the country's five largest formula milk producers and decided to cap the prices of the 25 most popular products in an attempt to protect consumers.
Companies hit by rioting return to operations
After shuttering due to violence during protests against China's illegal positioning of an oil rig in Viet Nam's exclusive economic zone and continental shelf in early May, most companies at industrial parks and export processing zones in HCM City, Binh Duong and Dong Nai have resumed normal operations.
Since mid-April businesses have been able to borrow more easily from banks, many of which have cut both deposit and lending interest rates in addition to launching several preferential credit programmes.

Highlight

PM meets acclaimed local mathematician PM meets acclaimed local mathematician

Prime Minister Nguyen Tan Dung yesterday met Professor Ngo Bao Chau, the first Vietnamese to win the Fields Medal, the highest professional honour a mathematician can attain, and the Education Dialogue Group.

Scholars discuss East Sea dispute at int'l conference Scholars discuss East Sea dispute at int'l conference

The East Sea dispute will continue in the near future and urgent solutions should be found to manage the conflict and resolve it without force or the threat to use force and protect the rights of fishermen in traditional fishing grounds, an international conference that opened in HCM City yesterday agreed.

Police look into scam claims at pagoda Police look into scam claims at pagoda

Police are investigating rumors that a pagoda in Long Bien District is selling children for adoption.

A Vietnamese and a Chinese arrested for ivory smuggling A Vietnamese and a Chinese arrested for ivory smuggling

Customs officials have arrested a Chinese woman and a Vietnamese man at Suvarnabhumi Airport after they allegedly tried to smuggle out elephant tusks and ivory products worth about BAT9 million.

Places for a vacation: Son Doong Cave Places for a vacation: Son Doong Cave

Son Doong Cave in Viet Nam's Quang Binh Province has been suggested by the American news website huffingtonpost.com as one of the places to visit in 20 years.