Banking interest rate to remain unchanged
The country has not yet had enough conditions to lower the interest rate in the banking sector, said Governor of the State Bank of Vietnam Nguyen Van Binh.
Coffee growers in Dak Lak in trouble
Many coffee trading companies operating in Dak Lak have announced bankruptcy, putting the pressure on local growers.
Local businesses allowed to import 2,100 tonnes of gold
The State Bank of Vietnam (SBV) has allowed local businesses to import 2,100 tonnes of gold, announced the General Department of Customs on January 12.
Traders to be held responsible for petrol quality
Petroleum traders nationwide will be held responsible for all petroleum products in their distribution system, said Minister of Industry and Trade Vu Huy Hoang.
Turkish contractors urged to pay owed Vietnamese workers
Vietnam has urged Turkish contractors to pay outstanding salaries to Vietnamese guest workers who previously worked in Libya.
Central bank intensifies efforts to stabilise interest rates
The SBV is aware of rising flout of the capped deposit interest rate and more measures will be applied in 2012, said its Governor.
Europe auto must cut capacity by 10-20%: Fiat chief
The European auto industry needs to cut its capacity by 10 to 20% in response to slack demand, Fiat chief Marchionne said.
Five to eight banks to be merged in 2012
Five to eight more banks will be involved in merger in 2012, said Governor of the State Bank of Vietnam Nguyen Van Binh.
Retail value climbs by 24.2 percent in 2011
The value of retail sales and services enjoyed a year-on-year increase of 24.2% to VND2,004 trillion ($95.5 billion) in 2011, announced the General Statistics Office.
Vinacomin seeks further loans for coal mining operations
The state-owned Vinacomin Group is seeking approval to use coal as security to secure foreign loans.
Banks flout State Bank’s deposit rate cap
Many Vietnamese commercial banks continue to flout the State Bank of Vietnam’s deposit interest rate cap of 14%.
Vietnam’s seafood export sector to face challenges in 2012
Vietnam’s seafood sector will run short of capital and material resources and face challenges of meeting food hygiene and safety requirements, an agency has said.
Online train ticket sales in wrecks
According to the Ministry of Transport, sales of train tickets online has led to substandard service.
Japanese carmakers see big US gains after 2011 disaster
Japanese carmakers are looking forward to big US sales gains after introducing a slew of new vehicles at the Detroit auto show.
Motorbike market gloomy as customers tighten spending
The motorbike market has been growing for some years, but the financial situation has changed the outlook for the coming year.
Vietnam to export 6.5-7 million tonnes of rice this year
The Vietnam Food Association has projected Vietnam will be able to export 6.5-7 million tonnes of rice this year but warned of difficulties ahead.
Banks to be allocated credit growth quotas
This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.
EVN to focus on power generation in 2012
EVN has pledged to withdraw investment in non-core businesses and focus on power production.
Acer unveils world's thinnest laptop
Acer unveiled the world's thinnest laptop computer as an array of "ultrabook" rivals prepared to debut this week at the Consumer Electronics Show in Las Vegas.
Olympus eyes $1.2 billion suit, president may resign
Scandal-tainted Olympus Corp is considering suing current and former executives for compensation totaling about 90 billion yen, while its new president is considering resigning, a source familiar with the matter said.
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