The State Bank of Vietnam (SBV) took over Global Petrol Bank on July 7, after the bank failed to meet a deadline to have secured legal capital requirements.

The Vietnamese Government was considering a project to build a wholesale agricultural market worth billions of US dollars, said an official of the Korea Chamber of Commerce and Industry (Korcham Vietnam).

(VOV) - The Vietnam- Taiwan digital forum 2015 will open more opportunities for Vietnam and Taiwan to boost Internet and e-commerce cooperation.

Local exporters are seeing their products exported to the European market less competitive as the euro has dipped against the US dollar due to the Greece debt crisis.

Real estate companies have launched sale programs to attract foreign buyers as the revised Housing Law with effect from July 1 eases restrictions on foreign property ownership in Vietnam.

The Vietnamese Government was considering a project to build a wholesale agricultural market worth billions of US dollars, said an official of the Korea Chamber of Commerce and Industry (Korcham Vietnam)

Tra fish output in the Mekong Delta increased in the first six months of 2015 but export value of tra fish products experienced a downfall, according to Deputy Chairman and General Secretary of the Vietnam Pangasius Association Vo Hung Dung. 

Spain-based BPA Group and SACYR Group had a working session with Vice Chairman of the Vinh Phuc provincial People’s Committee Vu Chi Giang on July 7 on the possibility of investment in waste treatment and public lighting in the northern province. 

(VOV) - The 14th International Precision Engineering, Machine Tools and Metalworking Exhibition and Conference opened at the Saigon Exhibition & Convention Centre on July 7, attracting nearly 350 businesses from 20 countries.

(VOV) - By June 20, ASEAN countries poured US$54.6 billion into 2,632 projects in Vietnam, according the Ministry of Planning and Investment (MPI) Foreign Investment Agency (FIA).

(VOV) - The Turkish Ministry of Economy is conducting investigations on mobile phones imported into the country in order to impose safeguard duties.

Shinsegae Corporation, the parent firm of Emart hypermarket system, soon to be opened in Vietnam, has signed a Memorandum of Understanding with the Vietnam Children’s Protection Fund to establish the first Hope Toy Library in HCM City.

Vietnam expects to increase fresh fruit exports to the US and Australia next year following the US government's approval of irradiation as an effective quarantine system.

Provisional funds for bad debts whittled away significant profits of the Bank for Foreign Trade of Vietnam, or Vietcombank, during the first half of this year.

(VOV) - A ceremony to hand over the Boeing 787-9 Dreamliner to Vietnam Airlines by Boeing company was held at Ronald Reagan Airport on July 7 in the presence of Party General Secretary Nguyen Phu Trong who is in the US for an official visit.

(VOV) - A Vietnamese delegation led by Ambassador to Russia Nguyen Thanh Son on July 6 discussed with Moscow oblast (provincial) leaders measures to boost investment cooperation.

Businesses are now gearing up with their production plans, preparing for the year-end high sales season, anticipating an increase in purchasing power.

The Philippines appears to have successfully exploited the stiff competition between two large rice exporters, Vietnam and Thailand, to force the prices down. 

Prime Minister Nguyen Tan Dung has approved the building of a US$1 billion "ecological" complex on Vu Yen Island in northern Hai Phong City.

The US has become the largest export market of southern Dong Nai province, said Director of the provincial Department of Investment and Planning Bo Ngoc Thu. 

Malaysia’s Felda Global Ventures Holdings Berhad (FGV) has announced its plan on cooperation in the cooking oil industry with Vietnam’s leading confectionary producer Kinh Do Corporation and regional logistics solution provider Indo Trans Logistics Corporation (ITL).

The central province of Thua Thien-Hue attracted a total of more than VND2.8 trillion (US$128.4 million) in its industrial zones in the first half of 2015, equal to 112% of the yearly target. 

Joining the Asian Infrastructure Investment Bank (AIIB) as a founding member, Vietnam will have certain rights, said Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh. 

(VOV) - Foreigners are increasingly taking over traditionally Vietnamese business industries –  and agriculture is no exception – thanks to their innovative approach and willingness to take risks, according to one expert.

From the beginning of this year, Nghe An has granted licences to 93 projects with a combined capital of VND27,885 billion (US$1.28 billion), according to the province’s Department of Planning and Investment. 

(VOV) - More than 150 entities from around the globe will showcase their wares in over 200 pavilions at the 2015 Vietnam International Supporting Industries Expo – VSI Expo 2015 – in Ho Chi Minh City on August 27-30, city officials have announced.

Vietnamese businesses operating in Russia were updated on the Free Trade Agreement (FTA) between Vietnam and the Eurasian Economic Union (EAEU) at a recent conference in Moscow. 

Product quality is the key to the North Europe market, including Finland, trade experts told businesses at a recent workshop in Ho Chi Minh City.

The AIA Vietnam Life Insurance Co. Ltd recently won the award Vietnam Trusted Brand 2015, the third year in a row it received the title, the Lao dong (Labour) daily reported.

(VOV) - Ho Chi Minh City has enjoyed a boom in foreign direct investment (FDI) since early this year, luring 300 new projects totally capitalized at more than US$2 billion.