CTN News

Vietnam probably won’t devalue the dong again until next year, Australia & New Zealand Banking Group Ltd. predicted, after three moves by the nation’s central bank to reduce the value of the currency in the past year.

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Rundown buses and faciliites as well as bad service is seeing public transportation deteriorate in Ho Chi Minh City despite increasing subsidies, the Saigon Tiep Thi reports.

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The Vietnam Banks Association has asked members to reduce deposit rates to no more than 11 percent by Oct. 15 from 11.2 percent, according to a statement on the central bank’s website.

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Vietnam's central bank granted permits for gold imports to several firms on Thursday, giving each a quota of 200-300 kg in a bid to narrow the spread between gold prices in the country and in world markets.

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Indian and Vietnamese officials agreed at a meeting in Ho Chi Minh City Friday that the trade relationship between the two countries had yet to meet its economic potential.

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Vietnamese cashew growers are setting up shop in Laos and Cambodia as the industry works to improve its image and earn a fairer share of the global profit pie.

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Milk products in Vietnam seem to have developed a strong immunity to government efforts at price control.

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The Robinsons Group is aiming to expand into the Vietnam market in about three to five years, the Channel NewsAsia has reported.

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Foreign workers in Vietnam will have to obtain a work permit by July or they will be deported, according to a new regulation drafted by the Ministry of Labor, War Invalids and Social Affairs (MoLISA).

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