Business

The trade deficit continued its down-turn, falling to $8.9 billion in the first 11 months of 2011, a year-on-year decrease of $1.7 billion, the General Statistics Office said.

The State Bank Governor admitted that lax management had resulted in violations of the 14% ceiling deposit interest rate.

The consumer price index (CPI) in November rose 0.39 percent against last month, representing a year-on-year increase of 19.38 percent, the General Statistics Office (GSO) announced on Nov. 24.

The Ministry of Planning and Investment will submit draft criteria needed for companies to be called ‘group’ or ‘corporation’.

The wage gap is widening as company bosses pocket pay hundreds of times higher than their staff, a report revealed.

Finland's Nokia, the world's beleaguered top mobile phone maker, announced on Thursday that it planned to delist from the German stock exchange next year.

The Asian Development Bank approved a $309.89 million loan for a new power plant in Vietnam that will boost power supply in the country’s energy-starved south.

The State Bank has decided to fine FPT University, along with two companies, for violations in foreign currency transactions.

Russian First Deputy PM Igor Shuvalov said that Russia and Vietnam are likely to sign an agreement on the establishment of a free trade area next year.

The National Assembly has approved a national land use plan, which places stricter regulations on land taken up by vacant villas.

China, already home to the world's largest online population, is likely to replace the United States as the biggest e-commerce market by 2015, according to new research.

Loan rates in Vietnam will be further lowered by the end of the year thanks to the Government’s efforts to curb inflation.

Europe starts Wednesday down a road to far-reaching legal changes that would see the EU police budgets before they pass domestic lawmakers.

The State Bank of Vietnam announced the official draft decree on gold trading management, with some additional clauses intended to dispel certain rumors which have been raising public concerns recently.

The Vietnam-Kansai economic dialogue forum was held in central coastal Da Nang city on Nov. 22 to discuss ways to attract more investment to the East-West Economic Corridor and adjacent areas in central Vietnam.

The Ministry of Industry and Trade has announced that state-owned Electricity of Vietnam Group lost VND10.162 trillion in 2010.

A US Congress "supercommittee" has failed to reach a deal to rein in the government's galloping deficits due to angry partisan battles over how best to revive the nation's sluggish economy.

Hanoi's CPI in November increased by 0.29% against last month and 18.49% over the same period last year, the Hanoi Statistics Office announced.

The WTO said Monday in its annual report that the worsening outlook for the global economy has led to slower growth in exports.