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

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

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