EVN applies three-level pricing system
A three-level pricing system will be applied for electricity used for production, business and service purposes.
Tight budgets put damper on Christmas decoration markets
Markets in large cities that sell Christmas decorations seem a bit more gloomy due to tough economic situation.
Minister admits living costs outstrip minimum wage
The Minister of Labour, Invalids and Social Affair admitted that the current minimum wage is still far from meeting rising costs.
Trade promotion continues to focus on exports
The National Trade Promotion Programme 2012 will continue focusing on export to eight key markets, an official from Ministry of Industry and Trade said.
EVN’s hikes power prices, shocks the economy
The 5% power price hike will add burdens to people’s lives and drive up the national inflation.
Experts forecast challenging year for Vietnam’s economy
Vietnam will prioritise economic restructuring and macroeconomic stability in 2012.
Power prices to increase by 5%
The Electricity Group of Vietnam has announced that it will raise power prices by 5% from December 20.
Lower profits mean smaller Tet bonuses
Managers of companies stated that it will be difficult for them to maintain employee Tet bonuses at the same level as last year.
Minimum asset requirements doubled for the establishment of banks
Beginning Feb. 1, 2012, the minimum assets required to form a new bank will jump to VND100 trillion.
NA committee proposes halt to new economic zones
The National Assembly Standing Committee called for a freeze on the building of new economic zones at a meeting on their operations.
Cement market to face difficulties in 2012
The domestic cement market will remain sluggish in 2012 because of continuing difficulties in production and business this year, according to experts.
Euro ministers in new crisis talks
Eurozone finance ministers will hold talks on the debt crisis on Monday to flesh out plans made at a Brussels summit this month to save the European currency.
SBV to focus on restructure of weak banks in coming year
The State Bank will focus on restructuring weak banks in the next year to ensure the liquidity in the entire banking system.
Reform of state firms could cost Vietnam $3 billion
The restructuring of state-owned enterprises will require up to USD3.12 billion for debt restructuring, handling of losses, and workforce rearrangement.
Vietnam enters the top five exporters of vegetables and fruit
Vietnam has earned $515 million in revenue from exporting vegetables and fruit to become the fifth largest exporter in the world.
Hanoians turn their backs on apartments for houses
Despite several big promotions that offer significant discounts for apartments, more people are seeking to buy houses instead.
Vietnam to expand modern retail system
The Ministry of Industry and Trade wants to move the nation away from traditional markets to a modern retail distribution system, said an official.
Fitch downgrades six global banks
Fitch downgraded six major global banks, citing increased challenges in their business and the prospect of financial turmoil ahead.
Steps to curb fraud, increase safety in gas market
Stricter measures will soon be applied on frauds in the cooking gas market in order to ensure consumer safety.
Parboiled rice exports to increase
Vietnam hopes to increase export of parboiled rice by a third next year to 400,000 tonnes.
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