Business

The Ministry of Science and Technology honoured 96 outstanding enterprises with the National Quality 2011 Award, and two businesses with the Global Performance Excellence Award 2011.

China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said.

Despite the recent cut imposed on lending interest rates, many banks still worry that there will not be many borrowers.

Steel manufacturers across the country are saying that 2012 will be a tough year due to oversupply and lack of demand.

The eurozone will have to put in place a bigger financial firewall to combat the crisis, the G20 top economies said.

The coal industry needs investment of about USD15.13 billion to fulfill its development targets between now and 2020, one official has said.

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.