Business

The Ministry of Finance has issued guidance on the purchases of public asset for this year insisting that due attention must be paid to saving expenses.

Asia has more billionaires than any other continent, followed by North America and Europe, according to a survey by a China-based wealth magazine.

The EU struck a historic deal to cap bankers’ bonuses, which critics say played a major role in feeding the financial crisis. New rules require banks to improve their stability in order to withstand future economic crises.

The Industrial Production Index saw a year-on-year increase of 6.8% in the first two months of 2013, according to the General Statistic Office.

President Barack Obama warned the US economy would take a "big hit" and other countries would also suffer when harsh automatic spending cuts come into force within 48 hours.

About 3.11 million motorbikes were sold in Vietnam in 2012, down 200,000 compared to the previous year.

The government plans to invest VND320 trillion (USD15.3 billion) into coal production in Vietnam by 2020.

The software industry could reap a bonanza in 2013 as Japan looks for outsourcers beyond China, according to the Vietnam Software Association.

Many companies temporarily closed their offices after Tet to hold prayer ceremonies for better luck this year.

Air Mekong has temporarily halted flights in order to work out a more efficient business strategy, said its chairman.

Vietnam is intent on encouraging oil exploiting powers like Brunei to invest in the nation’s energy projects.

Pepper exports rose sharply in January to 12,000 tonnes, earning USD79.5 million, up 330 percent compared to the same month of last year.

Firms will be fined between VND20 million and VND50 million for late wage payments, according to a draft decree.

Vietnam’s business associations are struggling to attract new members and come up with long-term plans for growth.

The State Bank of Vietnam has decided to maintain foreign exchange rates, and has the capacity to do so, said one official.

Though there has been no official information about a price hike, many petrol stations have stopped services in hopes of making higher profits.

February’s consumer price index (CPI) rose just 1.32 percent from January, bringing the two-month price index to 2.59 percent, the General Statistics Office announced on February 23.

An official said the bauxite projects in Central Highlands have a harmful effect on the environment and have become an economic burden.

February’s CPI rose just 1.32 percent from January, bringing the two-month price index to 2.59 percent, the General Statistics Office announced on February 23.