Business

Vietnam State budget revenue rose by 21% year on year to over VND51.5 trillion (roughly $2.53 billion) in July, reported the Ministry of Finance.

Vietnamese exports to the Japanese market have surged as Japanese demands have increase after the earthquake and tsunami disaster.

Surging inflation, Japan's weak conomic recovery and debt woes in the U.S. and Europe threaten East Asia's economic outlook, the ADB said.

Low-income households are the first to feel the effects of price hikes, but the middle-class now have to tighten their belts too.

With domestic tours costing more than foreign trips and while being not appealing enough, many people opt for destinations like Thailand and Singapore.

Vietnam welcomed 3.43 million foreign visitors in the first seven months of this year, up 17.3 percent on-year, according to the General Statistics Office.

The country's Index of Industrial Production slowed during the first seven months of this year to 8.8%, according to the General Statistics Office.

A Canadian agency has found excessive antibiotic enrofloxacin in Vietnam's catfish products, according to the Vietnam Trade Commission in Canada.

The White House and its divided Republican foes clashed but failed to break an impasse that could see the US default on its debt.

After the negative reaction to its healthy financial report, Petrolimex has gone on the record to defend its profits.

Vietnam would need up to USD34.6 billion to restore and develop road safety corridors from 2011-20, according to estimates from the Directorate for Roads.

Immediate privatisation of the electricity industry may put a burden on incompetent private power plants, one official said.

Foreign direct investment rebounded in July, reaching USD1 billion for the month, said the Ministry of Planning and Investment.

A new railway section connecting Cambodia with Vietnam will be built at an estimated cost of USD686 million, transport officials said.

Bank chief executive officers are believed to be the people who have the highest salaries in Vietnam.

Vietnam will spend VND2,135 trillion (USD103.6 billion) on a human resource development plan from now to 2020.

Vietnamese companies have to date registered over USD10 billion in investments into nearly 600 projects abroad.

Gold exports have helped Vietnam keep trade deficit in July at USD200 million, up just USD40 million in comparison with last month.

CPI increased 14.61 percent during the first seven months of this year, according to figures released by the General Statistics Office.