Business

Industrial production slows down: GSO

Vietnam's industrial production in 2011 has grown at 6.8 percent, lower than last year, due to global economic volatility, according to the General Statistics Office.

France leads world as gloomiest over economy: poll

France leads the world as the "most pessimistic" country in terms of the economic outlook, according to a global poll published on Friday.

December’s CPI increases 0.53%

The consumer price index in December rose 0.53% against last month, representing a year-on-year increase of 18.12%.

Prime Minister: Government sets target of 9% inflation for 2012

The Vietnamese Government has set a goal to limit inflation rates to around 9% in 2012, said Prime Minister Nguyen Tan Dung.

Hanoi tries to preempt real-estate bubble

Hanoi will carry out regular inspections over real estate brokerage houses with the aim of heightening their efficiency.

Ministry inspects salaries at power group EVN

An inspection team is looking into salary issues at the Electricity of Vietnam Group.

Vietnam Airlines adds 112,000 tickets for Tet

Vietnam Airlines will continue to sell 112,000 more tickets on the Hanoi, Danang and Ho Chi Minh City routes for the coming Tet holiday season before January 1, 2012.

Vietnam to follow four main principles in attracting FDI

A new policy on attracting foreign direct investment will be set up based on high quality and efficiency, sustainable development, commitments on technology transfer and worker training.

Monopoly firm runs debt exceeding $11.4 billion

The debt of the Electricity of Vietnam Group has exceeded VND240 trillion (USD11.4 billion) as of 2010, according to a recent report from the State Audit of Vietnam.

Yahoo! might trim stake in Alibaba: report

Yahoo! is considering trimming its stake in Chinese e-commerce powerhouse Alibaba and letting go of its share of Yahoo! Japan, the New York Times and Wall Street Journal reported.

Vietnam, Myanmar agree to increase trade ties

Vietnam and Myanmar have agreed to boost cooperation in trade and investment, with two-way trade expected to reach 500 million USD in 2015.

December CPI rises slightly in major cities

The consumer price index of Vietnam’s biggest cities, Hanoi and HCM City, saw slight increases in the last month of the year.

World Bank approves country strategy

The World Bank Group's Board of Executive Directors has discussed the Vietnam Country Partnership Strategy (CPS) for the 2012-16 period.

Japan recovery 'has paused', warns central bank

The Bank of Japan said that the country's economic recovery "has paused" because of the slowing global economy.

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.