Vietnamese businesses are having high hopes for bigger market shares in the European Union (EU) thanks to the bilateral free trade agreement (EVFTA) signed recently.

As many as 47 electricity projects are behind schedule which will lead to serious power shortage in the 2021-2025 period according to the Ministry of Industry and Trade.

About half of commercial banks, mainly small and medium ones, are listing deposit interest rates at a relatively high level of over 8% per year in a bid to raise capital to meet Basel II standards.

Japan is one of Vietnam’s leading economic partners, Prime Minister Nguyen Xuan Phuc has affirmed this at a reception in Hanoi on July 18 for Yanai Tadashi, Chairman and CEO of the Japanese group Fast Retailing.

Former Chairman of the Board of Directors of the Bank for Investment and Development of Vietnam, Tran Bac Ha, who was detained last year for being suspected to be involved in banking operation violations, died on Thursday.

The Ministry of Industry and Trade has proposed an increase in Chinese electricity imports to ease the domestic power shortage.

Developing Asia will maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment of global trade tensions, according to a new Asian Development Bank report released today.