Business

The annual value of mobile phone and components exports of Vietnam is forecast to reach USD12 billion by the end of 2012, according to the Ministry of Industry and Trade.

Low-income people who want to buy their own house need support in saving and the establishment of a fund would be vital, an official has said.

People registering for unemployment benefits in HCMC is on the rise, even among those who worked in high-level positions.

Due to inefficiencies related to the country's 3G mobile service providers, the licence for the more modern 4G service will be put on hold until around 2018, experts have said.

While a large number of enterprises in Vietnam are struggling, a number of large corporations have earned large profits.

The central bank offers a money exchange to traders for burnt currency from the fire at Quang Ngai Market, an official said.

State-owned enterprises are being compelled to intensify restructuring in 2012, said Minister of Finance Vuong Dinh Hue.

Eurozone finance ministers put a new Greek bailout on hold after Athens failed to meet conditions set by lenders.

The Bank of Japan further eased monetary policy, increasing its asset purchase programme by 10 trillion yen ($130 billion) to about 65 trillion yen, as it looks to end deflation.

Almost all hourly-rate hotels in Hanoi have taken advantage of Valentine’s Day demand to raise their rates.

Moody's chopped the debt ratings of nine EU countries, saying they were increasingly vulnerable to the eurozone crisis.

A project to expand Tuy Hoa Airport in the central province of Phu Yen was officially launched during a ceremony held by the Ministry of Transport.

Financial markets rose after Greek lawmakers approved radical budget cuts to secure fresh aid and avoid bankruptcy after a day of street battles left dozens injured and buildings ablaze.

Enterprises faced difficulties this year as a result of the world economic downturn and tightened consumer spending.

Gas prices in Vietnam have risen for six times since December 2011, with traders claiming that the increases are necessary.

The Minister of Transport has issued a decision on the establishment of Vietnam Airports Corporation.

A widening split in the global aviation industry over an unpopular European carbon tax may trigger a trade war, the head of plane manufacturer Airbus said Monday.

2011 was the bustling year of merger and acquisition deals with the total value of the successful deals reaching USD2.67 billion, or 50 percent higher than that of 2010.

The ADB and the Government of Vietnam on February 10 signed the first tranche of a US$730 million investment program to upgrade the country’s power transmission network.