Business

IMF: US 'cliff' actions not enough

The International Monetary Fund has said that US actions to avoid the fiscal cliff did not go far enough to address the country's long-term fiscal deficit and debt problems.

Taiwan's TSMC to make chips for Apple: reports

Taiwan Semiconductor Manufacturing Co will soon start making microchips for Apple as the US tech giant reduces manufacturing contracts with its South Korean rival Samsung, reports said.

Britain urges bold G8 action on global economy

British PM David Cameron called on his fellow G8 leaders to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.

Phu Quoc motorbike rentals thrive at new year

The local people on Phu Quoc Island took the new year into an opportunity to rent out their motorbikes to earn some extra money.

Bad year for large Vietnamese firms

The bad business environment has forced several large Vietnamese firms into bankruptcy this year, while others have had to merge.

Seaports are busy on first day of 2013

On January 1, Cai Lan Port in the northern province of Quang Ninh received the first cargo vessel of 2013, the CHUETSU SPIRIT from the Philippines .

Remittances to reach USD11 billion

Remittances from overseas Vietnamese in 2012 may reach USD11 billion and may mark the highest level in the last four years.

Sharp tour fee reductions cannot boost sales

A paradox exists that tour fees have decreased sharply in the Tet high tourism season. However, the tour fee reductions still cannot help stimulate demand.

Abundant supply means office rental market belongs to tenants: report

A tendency for offices in HCM City to move back to the downtown area was discernible in 2012, according to leading commercial real estate services provider Cushman & Wakefield.

Prime Minister delivers warning to former EVN chairman

PM Nguyen Tan Dung decided to give a warning to the former chairman of EVN for big losses of their subsidiary EVN Telecom.

Shrimp exports reach US$ 2.25 billion

The Vietnam Association of Seafood Exporters and Producers has estimated Vietnam’s 2012 shrimp exports at US$2.25 billion, down 6.3 percent from 2011.

IMF, EU push for less drastic deficit cuts

The IMF and European Commission officials have encouraged France and its eurozone partners not to fixate on deficit reduction targets if it would exacerbate the bloc's debt crisis.

Belgian chocolatiers face up to changing tastes

Belgium is rightly proud as producer of some of the world's finest chocolate but changing tastes and new markets in Asia and the Arab world are shaking up its predictable chocolate scene.

Agriculture sector told to become sustainable

Deputy Prime Minister Hoang Trung Hai yesterday urged the agriculture sector to make drastic changes in order to become more sustainable.

31 enterprises receive licenses for trading gold bars

The State Bank of Vietnam has granted licenses for the trading of gold bars to 31 enterprises.

PetroVietnam pledges to continue East Sea oil extraction

Despite territorial disputes, oil prospecting and drilling activities will continue in the disputed East Sea.

Bad debt continues to trouble SBV

The Governor of the SBV has admitted that the settlement of bad debts was going rather slowly, despite efforts by banks.

Vietnam industrial growth slows to just 4.8 percent

The nation's Index of Industrial Production slowed to its lowest in three years, rising just 4.8 percent in 2012, according to the General Statistics Office.