Business

Hanoi’s CPI drops by 0.29 percent in July

Hanoi’s consumer price index (CPI) for July was 0.29 percent lower than that last months, but 4.64 percent higher when compared to the same period last year.

State Bank pledges to maintain lending interest rate cut

The lending interest rate of 15% per annum will be maintained for at least one year, said the State Bank of Vietnam Governor.

Difficulties for Hanoi's urban railway projects

Various problems have slowed the development of an urban railway system to ease Hanoi's traffic.

S-Fone to pay their former workers VND43 billion

Saigon Post and Telecommunications Services Corporation, will pay former S-Fone employees their severance packages.

Petrol price stabilisation fund needs a new management form

Many enterprises have incurred losses and unfair treatment due to mismanagement of the petrol price stabilisation fund.

Different registration fees applied on same pick-up auto line

Cities and provinces in Vietnam have imposed different registration fees for the same models of pick-up vehicles, said the VAMA.

Japan's Honda recalls 320,000 vehicles worldwide

Japan's Honda Motor said Thursday it is recalling more than 320,000 vehicles worldwide because of a door lock defect.

China doubles loans to Africa to $20 billion

China's President Hu Jintao said Beijing would offer $20 billion in new loans to Africa, underscoring the Asian powerhouse's growing links with the resource-rich continent.

Scandal on top of crisis for large mobile provider

Mobile phone service provider S-Fone has been accused by its employees of not paying salaries and social insurance.

People turn back on modern markets

Hanoi has spent hundreds of billions of VND on upgrading traditional markets, but they have failed to attract customers.

State owned conglomerates unanimously cut workers’ wages

Fulfilling the commitments to cut down expenses made to the Ministry of Finance, a lot of state owned general corporations have unanimously cut down their workers’ wages.

Land promotions for buying lands in Ba Vi District

The property fever in Hanoi’s Ba Vi District seems to have subsided, leaving many speculators in difficulties.

S. Korea probes banks' suspected rate rigging

South Korea's anti-trust watchdog launched a probe Wednesday into major local banks suspected of colluding to fix interest rates of certificates of deposit.

Locals return cheapies to Chinese traders

Hundreds of locals in Dak Nong Province flocked to the Tay Nguyen restaurant to return cooking utensils they had bought a day earlier from Chinese traders thanks to their poor quality.

Setting up sea economic zones now fashionable in coastal provinces

The plan on sea economic zones has been made public by the Ministry of Planning and Investment.

Vinaphone offers service in the air

Vinaphone became the first mobile-phone service provider in the country to offer an in-flight cell-phone service for passengers on some international routes.