Business

Ho Chi Minh City continue to lead the country in industrial production in 2011 with a value of nearly VND740 trillion (USD35.17 billion).

PetroVietnam topped the list of average salaries of state-owned corporations, many of which were exorbitant.

Detroit's Big Three automakers posted solid December US sales, driving a strong 2011 performance.

China said it had uncovered 530.9 billion yuan ($84 billion) in misused funds in an audit of local government debts, as it moves to clean up "problem" financing.

Hanoi received a proposal to allow using housing of stagnant resettlement projects for urgent projects.

Business optimism in Vietnam fell sharply in the year 2011, but remained in positive level, says a report of Grant Thornton.

Vietnam must increase the export value by 13 percent and keep the trade deficit at 12 percent in 2012, says Prime Minister Nguyen Tan Dung.

The Vietnamese stock market is expected to face continued challenges in 2012 due to high inflation and market instabilities.

Air travel has never been safer despite the steadily rising number of passengers worldwide, a new report revealed.

While the Vietnamese retail market is considered to be highly profitable by foreign distributors, locally-made products still have little presence in the lucrative market.

Many low-cost retail petrol stands have recently been popping up on the streets of Nha Trang.

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

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.

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

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

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.

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

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

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.