Vietnam plans tougher rules to accelerate a revamp of state-owned enterprises, including firing chief executives, adding to efforts to clean up bad debt in the banking industry and revive the economy.
U.S. efforts to forge a "21st Century" trade agreement with Vietnam and 10 other countries in the Asia Pacific region are running into problems mired in the past, including a textile trade policy that U.S. industry does not want to give up.
Vietnam's defense chief visited the Pentagon yesterday, a milestone 40 years after the end of U.S. military action in the once-divided nation.
Talks between the presidents of Vietnam and China, their first meeting since China’s leadership change, will focus on bolstering economic ties even as tensions rise over disputed territory in the South China Sea.
The State Bank of Vietnam said it intervened “with reasonable volume” in the foreign-exchange market to slow a slide in the dong fueled by increasing dollar demand from importers.
A Vietnamese court sentenced four men to up four years in prison for arranging two illegal sea voyages to Australia for more than 60 would-be migrants, a judge said Wednesday.
Vietnam’s prime minister secured enough support from parliament during the communist country’s first confidence vote to keep his job, with almost a third of lawmakers rating him poorly as economic growth stagnates.