After 30 years, FDI still pays dividends for VN

It has been 30 years since Việt Nam promulgated the Law on Foreign Investment on December 29, 1987. A World Bank expert and representatives from foreign direct investment (FDI) enterprises, including Coca-cola and Canon, comments on the country’s 30 years of progress in attracting FDI

E-newspaper suspended from publication

The Ministry of Communication and Information yesterday temporarily suspended the publication of the Tầm Nhìn (Vision) e-newspaper for three months for violating rules defined in its operating license.

MoIT to conduct anti-fraud probes

The Ministry of Industry and Trade (MoIT) has announced the establishment of an inspection team to scrutinise seven multi-level marketing companies following the Liên Kết Việt scandal that defrauded 60,000 victims.

Pyramid schemes under spotlight

Minister of Industry and Trade Vũ Huy Hoàng has called for quarterly re-evaluations of multi-level marketing firms, or pyramid schemes, operating across the country.

Few brokers record H1 profits Many securities companies performed weakly in the first half of the year, pulled down by lower brokerage and margin lending service revenues.

Ha Noi craft villages doing a poor trade1 Ha Noi and its surrounding areas have the highest number of handicraft villages nationwide, but the city still struggles to exploit their potential as tourism destinations.

Bicycle trips geared towards fit tourists Groups of foreign tourists wearing helmets and gloves and bent over bicycles on Viet Nam's country roads are now a common sight to local people.

Dak Lak leads exports in Central Highlands Dak Lak's exports reached US$620 million in the first 10 months of this year, the highest among all Central Highlands provinces. The province's export turnover was 28.9 per cent higher than the same period last year, according to the local People's Committee. Main export items of Dak Lakc include coffee, pepper and cashew.

Brokerages report heavy 2010 losses Eighty-seven out of over 100 securities companies have posted their 2010 business results, and 24 of these incurred losses last year which totalled a combined VND574 billion (US$27.5 million).

Taiwan IT products received high marks Nearly 70 per cent of Vietnamese users highly appreciate the quality, creativeness, and reliability of Taiwanese information and communication technology products, a survey by US-based market research firm AC Nielsen has found.