Business

The US wants to beef up economic ties with Vietnam and is willing to provide the latter with technical assistance, said visiting US Ambassador Demetrios Marantis.

Vietnam’s CPI increased by 1.37% in February compared to January, a record high since last August, the GSO reported.

Oil prices surged as traders fretted about the impact of heightened geopolitical tensions over Iran on global crude oil supplies.

Eximbank’s President proposed to re-elect leaders of Sacombank, confirming the recent rumor that Eximbank would swallow Sacombank.

The northern mountainous province of Lao Cai topped the rankings of Vietnam ’s annual Provincial Competitiveness Index in 2011, Vietnam Chamber of Commerce and Industry announced.

While Vietnam is trying to restructure weak banks, the Ministry of Construction is seeking approval to set up a new bank.

The Ministry of Industry and Trade has demanded that fuel wholesalers be held responsible for the quality of fuel distributed under their systems following a spate of unexplained vehicle fires.

The rumours that Petrol Vietnam would stop supplying E5 bio-petrol has been quashed by the company deputy director.

Vietnam Airlines has taken over the entire state-owned stake in the budget airline Jetstar Pacific.

Vietnam requested consultations with the US, under the WTO dispute settlement system, after the US introduced anti-dumping measures on certain frozen warm water Vietnamese shrimps.

European governments have opened the way for a radical offer of "debt relief" for Arab north African and Middle Eastern neighbours, EU and governmental sources said.

The State Audit continues to uncover mismanagement in the Vietnam Oil and Gas Group (PVN).

The railroad project No. 5 which runs from Hoa Lac to the West Lake of Hanoi, with a total capital of several billion USD has been kicked off.

Hanoi was placed 13th and HCM City 12th among the most expensive cities in Asia in 2011 in terms of three-room apartment rent, according to a report from ECA International.

Vietnam will regulate prices of electricity, coal and petroleum in accordance with market fluctuations beginning in 2013, said Vuong Dinh Hue, Minister of Finance.

HCM City’s consumer price index in February increased by 1.32% over January – a record high in nine months, said the municipal General Statistics Office.

The Ministry of Finance decided to slash petroleum and jet fuel import taxes in order to support domestic petrol traders.

Eurozone finance ministers sealed a deal for a massive new bailout of Greece early Tuesday, several sources said.

Eurozone chiefs moved early towards closing a deal for a massive new bailout of Greece.