State-owned Vietcombank raised interest rates for long-term đồng deposits last week after more than a year of rates remaining unchanged.

Exports from the Czech Republic to Việt Nam surged 580.5 per cent to more than US$45.5 million in July from the previous month, much higher than the monthly average of $7-10 million, according to the Czech Statistical Office.

Hà Nội People’s Committee has approved a 1:500 scale plan of Vibex urban area which covers more than 48.5 hectares in Bắc Từ Liêm District with a population of 7,000.

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities has been causing controversy.

With large shipments in the first eight months of the year, Việt Nam’s forestry sector expects to fulfill this year’s export target of US$9 billion a month ahead of schedule.

Phú Quốc Island in the Mekong Delta province of Kiên Giang is pouring more investment in tourism and transport infrastructure to become a driving force for development in the region.

The spirit of entrepreneurship is key to the development of startup businesses in Southeast Asia and for Vietnamese startups in particular, according to Đinh Thị Quỳnh Vân, general director of PricewaterhouseCoopers (PwC) Vietnam.

Three years after a groundbreaking decree opened public companies to foreign ownership, less than four per cent of eligible firms have removed their foreign ownership ceiling.

 The VN-Index is forecast to extend its growth next week and conquer the 1000-point threshold, analysts said.