Business

Higher exports expected for Vietnam's major products

After significant export growth of 33.3 percent in 2011, Vietnam is expected this year to attain further growth for its major products.

Group gives $380,000 houses as Tet bonus

The Ho Chi Minh City-based C.T Group awarded two chief executive officers with a house worth VND8 billion and VND200 million in cash each as Tet bonus.

Harnessing the spirit of enterprise

In the five years since Vietnam’s accession to the World Trade Organisation, the country has reaped a bumper harvest.

PM approves the merger of three airports corporations

PM Nguyen Tan Dung has approved a proposal to the merge of three airports corporations.

Vietnam targets USD11 billion in FDI disbursement

Vietnam will focus foreign direct investment disbursement next year, instead of the capital amount, but still expect to dole out $10-11 billion, said an official.

DTiNews' top ten economic events in 2011

The Government has taken strong action in 2011 to improve the Vietnamese economy.

2012 to be difficult says Merkel, but reasons for confidence

Germany Chancellor Angela Merkel warned of a difficult year ahead but also said there were good reasons to be confident.

Overseas remittance to Vietnam hit a record high of $9 billion

The overseas remittance to Vietnam is forecast to hit a record high of $9 billion, up $1 billion against last year, according to the World Bank.

Vietnam GDP grows 5.89 percent in 2011

The Vietnamese economy is estimated to grow at 5.89 percent in 2011, according to the General Statistics Office (GSO) on December 29.

PM urges quicker pace for three highway projects

PM Nguyen Tan Dung set definite deadlines for site clearance for three highway projects.

Monti calls for EU action against crisis after bond test

Italian PM Mario Monti urged a united response against the debt crisis after Italy scraped through a key bond auction test.

Exports hit record-high USD94.8 billion

Vietnam had export turnover of USD94.8 billion as of December 25, a record-high and an increase of 35 percent over last year, according to Vietnam Customs.

Credit card payment encouraged

The banking system will develop credit card payment services with the aim of reducing the quantity of cash in circulation to 11 percent by 2015.

Hanoi sees sharp rise in unemployment

16,100 workers in Hanoi registered for unemployment benefits in the first 11 months of the year, up almost 4 fold from last year.

Eurozone banks park record amount of funds at ECB

Eurozone banks deposited a record amount of overnight funds at the European Central Bank, official data showed as banks remain extremely wary of lending to each other.

Three banks merge into one beginning January 1

The State Bank's governor granted a license for the newly-merged SCB which starts operation from Jan 1, 2012.

World seafood ranking in sight as exports beat target

Vietnam earned $6 billion from seafood exports this year, according to the Vietnam Association of Seafood Exporters and Producers.

State-owned enterprises misuse State funds to pay large salaries

Several State-owned enterprises used State funds to hand out large payments to their top employees, an expert said.

Tet bonuses of up to $33,300 in HCM City

A foreign-invested enterprise in HCM City will pay a New Year 2012 bonus of $33,300 per employee this year, the highest rate among the businesses that have announced their bonus plans.