Two groups of British and Dutch businesses are visiting Vietnam this week to research local market and investment opportunities, Saigon Tiep Thi reported on Monday.

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British, Dutch businesses eye Vietnamese market

The Vietnam Automobile Manufacturers’ Association is opposing a ministeral decision that allows local car maker Hyundai Thanh Cong to import auto frames at lower tariffs than usual.

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Vietnam auto industry group protests tax break for Hyundai assembler

A draft law plans to restrict deposit insurance to local currency deposits only, sparking concerns of a mass withdrawal of dollars from banks.

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Vietnam mulls ending insurance cover for dollar deposits

Military-run telecom giant Viettel said it plans to acquire EVN Telecom, a subsidiary of state utility Electricity of Vietnam, in what will be Vietnam’s first M&A deal in the local mobile sector.

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Viettel looks to take over struggling competitor

The rising demand for foreign currencies needed for imports and loan payments has prompted a higher exchange rate between the dong and US dollar, putting more pressure on local companies already suffering high interest rates.

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High exchange rate to continue, hurt importers

Travel agents worry that a proposed airfare hike could see local tourists abandon their plans to travel domestically in favor of going abroad.

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Travel agents say proposed airfare hike bad news for industry

The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system.

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Vietnam central bank supports merging lenders

International companies are expanding in Vietnam, the world’s largest producer of robusta coffee, to ensure supplies after local traders failed to fill contracts, according to Louis Dreyfus Commodities SA.

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Vietnam attracts coffee companies seeking supply, Dreyfus says

Vietnam’s central bank said it had sold a “reasonable” amount of dollars to stabilize the local market in the third quarter after a gold frenzy fueled dollar hoarding.

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Vietnam central bank sold dollars to stabilize market: report

The Australian Chamber of Commerce will deliver its annual business awards next month to Australian and Vietnamese groups that have helped better the local business environment, the chamber said in a press release.

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AusCham to honor economic contributors