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 government has launched a project aiming to promote the use of non-cash payment in Vietnam and restrict the share of cash in the total money supply to below 11 percent by 2015.

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Vietnam to boost use of non-cash payments

A herd mentality among developers is to blame in large part for the ongoing slump in the housing market, but the government has also been inconsistent in its management of the sector, Construction Minister Trinh Dinh Dung says.

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Vietnam’s property firms should aim to meet real demand: minister

The government has not made a decision on when to raise power prices as the timing of such a hike needs to be carefully weighed against the goal of controlling inflation, an official said.

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Official says no plan for power price hike just yet

The government has found that the root causes of inflation actually lie in its monetary policy, an official said.

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Monetary policy main cause of inflation: gov’t

Vietnam’s government has asked the Ministry of Planning and Investment to weigh a request by mobile phone maker Nokia concerning preferential treatment for its first plant in the country.

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Vietnam considers Nokia’s request for special treatment

The government has asked the Ministry of Finance to review a proposed 3 percent export tax on steel products following objections raised by an industry group.

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Vietnam finance ministry to review steel export tariff proposal

Vietnam’s government has decided to develop an industrial park on the site where a now revoked US$9.8 billion steel complex was to be built.

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Vietnam replaces mega steel project with industrial park

The Vietnamese government has decided to revoke the investment license of a US$9.8 billion joint venture between state-owned shipbuilder Vinashin and Malaysia’s Lion Group to build a steel plant.

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Vietnam cancels $9.8 bln steel venture

The government has approved a record increase in electricity prices, adding pressure to businesses already struggling with rising inflation.

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Power rate hike deals big blow to businesses