Obama warns cuts to hit US, global economy
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.
Slump in Vietnam's motorbike market
About 3.11 million motorbikes were sold in Vietnam in 2012, down 200,000 compared to the previous year.
Government to create large fund for development of coal production
The government plans to invest VND320 trillion (USD15.3 billion) into coal production in Vietnam by 2020.
IT sector to tap outsourcing market
The software industry could reap a bonanza in 2013 as Japan looks for outsourcers beyond China, according to the Vietnam Software Association.
Businesses close for post-Tet prayers
Many companies temporarily closed their offices after Tet to hold prayer ceremonies for better luck this year.
Air Mekong halts flights pending more efficient business strategy: Chairman
Air Mekong has temporarily halted flights in order to work out a more efficient business strategy, said its chairman.
Vietnam seeks Bruneian energy investment
Vietnam is intent on encouraging oil exploiting powers like Brunei to invest in the nation’s energy projects.
Pepper exports surge
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.
Companies face fines for late salary payment
Firms will be fined between VND20 million and VND50 million for late wage payments, according to a draft decree.
Trade groups lack skilled personnel
Vietnam’s business associations are struggling to attract new members and come up with long-term plans for growth.
State Bank rejects dong devaluation
The State Bank of Vietnam has decided to maintain foreign exchange rates, and has the capacity to do so, said one official.
Filling stations hoard fuel in anticipation of price hike
Though there has been no official information about a price hike, many petrol stations have stopped services in hopes of making higher profits.
February inflation kept at low level
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.
Bauxite projects pose environmental and economic problems
An official said the bauxite projects in Central Highlands have a harmful effect on the environment and have become an economic burden.
February inflation kept at low level
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.
Japanese corporation to build 100 hotels in Vietnam
Japanese hotel chain, Toyoko Inn, introduced its ambitious plan to build 100 starred hotels in Vietnam at a seminar in Hanoi on February 22.
ASEAN Economic Ministers to meet in Vietnam
The capital city of Hanoi will host the 19th ASEAN Economic Ministers (AEM) Retreat and Related Meetings from March 7-9.
Vietnam to prioritise sustainable economic development
The PM has approved a master plan for economic restructuring between 2013 and 2020, which prioritises sustainable development.
HCM City’s February CPI up 1 pct
During the month of the Tet festival, the CPI of HCM City went up by 1 percent and 1.44 percent compared with those of the previous month and last December respectively.
Tourist sector set to attract 7 million int’l visitors
Attracting 7 – 7.5 million international tourists and serving 36 – 37 million domestic ones by 2015 are among targets set out in the latest national action programme on tourism.
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