Business

Gas traders have decided to increase retail gas prices by VND62,000 (USD2.97) per 12-kilo canister, beginning on March 1.

Easing inflation and improvements in the trade balance suggest that Vietnam's economy is stabilising, but authorities need to double their commitment to the "Resolution 11" policies, Fitch Ratings said.

The ECB is set to flood eurozone banks with a new bonanza of cheap cash aimed at averting a credit crunch in the euro area.

Vietnamese authorities have applied tough measures in order to speed up important infrastructure projects.

Vietship 2012 offers a good opportunity for local businesses to seek opportunities to develop the domestic shipbuilding industry, said Deputy PM Hoang Trung Hai.

Ratings firm Standard & Poor's declared Greece in "selective default" after banks agreed to write off more than half of their Greek debt holdings in a second EU bailout of the country.

Small and medium-sized banks are tending to set expectations low for profits this year.

While world gas prices continue to rise, Vietnamese traders have actually increased their imports.

The Ministry of Science and Technology honoured 96 outstanding enterprises with the National Quality 2011 Award, and two businesses with the Global Performance Excellence Award 2011.

China has reached a "turning point" in its economic development, with the pace of growth likely to nearly halve in the next two decades, World Bank and Chinese government researchers said.

Despite the recent cut imposed on lending interest rates, many banks still worry that there will not be many borrowers.

Steel manufacturers across the country are saying that 2012 will be a tough year due to oversupply and lack of demand.

The eurozone will have to put in place a bigger financial firewall to combat the crisis, the G20 top economies said.

The coal industry needs investment of about USD15.13 billion to fulfill its development targets between now and 2020, one official has said.

The US wants to beef up economic ties with Vietnam and is willing to provide the latter with technical assistance, said visiting US Ambassador Demetrios Marantis.

Vietnam’s CPI increased by 1.37% in February compared to January, a record high since last August, the GSO reported.

Oil prices surged as traders fretted about the impact of heightened geopolitical tensions over Iran on global crude oil supplies.

Eximbank’s President proposed to re-elect leaders of Sacombank, confirming the recent rumor that Eximbank would swallow Sacombank.

The northern mountainous province of Lao Cai topped the rankings of Vietnam ’s annual Provincial Competitiveness Index in 2011, Vietnam Chamber of Commerce and Industry announced.