The government has decided to pilot a value-added-tax refund scheme for foreign visitors in July in an attempt to boost sales of local products.

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Vietnam to offer tax refunds for tourists

The State Bank of Vietnam has allowed more than 10 companies to import a total 2.1 tons of gold for jewelry production, local media reported Friday.

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Vietnam allows gold imports of 2.1 tons

Two Chinese dealers have been fined in central Vietnam for buying local seafood without permits.

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Chinese dealers fined for buying Vietnam’s seafood illegally

The State Bank of Vietnam has licensed the Saigon Joint Stock Commercial Bank, which is formed by the merger of three local banks, to open on January 1.

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Vietnam licenses newly merged bank

IFC, the World Bank’s private sector lending arm, has expanded a finance line for Vietnam International Bank (VIB) that would allow the lender to help local companies increase trade, generate foreign exchange and create jobs.

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IFC supports Vietnam bank as liquidity tightens

The Supreme People’s Court ruled Tuesday (December 13) that the owner and general director of Vietnam’s first private airline to run flights, now grounded, has to personally repay a US$1.3 million debt the carrier owes a local bank.

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Court orders Indochina Airlines chief to personally repay bank debt

Around 90 percent of shareholders at three local banks, Vietnam Tin Nghia, Ficombank and Saigon Commercial Bank, have voted in favor of the merger of the three.

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Shareholders approve merger of three Vietnamese banks

Vietnam’s once-frenzied property market has ground to a halt, leaving local developers limping and international investors salivating at the chance of snapping up distressed deals.

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Vulture funds circle Vietnam’s property market

Vietnam’s PVI Holdings has projected its gross profit next year will jump 55.6 percent from 2011 to VND700 billion ($33.3 million), a local newspaper reported on Wednesday.

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Vietnam’s PVI Holdings sees 2012 gross profit up 55.6 pct: report

Falling import tariffs on cars will give local automakers a tough time in the next few years, and some may have to quit the business, said Le Duong Quang, deputy minister of trade and industry.

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Vietnam auto companies to face tough race against imports: official