Business

Vietnam’s crude oil exports have gone up by 15.7%, while petrol imports have risen by more than 50% in the first quarter.

The World Bank on March 30 approved a total loan of USD570 million to support Vietnam’s development efforts.

Disbursement of foreign direct investment in March reached USD1.39 billion, the highest level since the beginning of the year.

The decision to increase the price of fuel, beginning late March 29, has spurred worry in Vietnam about inflation.

State Audit of Vietnam has started auditing the recent increase in the price of power imposed by state-owned EVN Group.

EVN warned the water level at most hydropower reservoirs nationwide were dramatically low, triggering a fear of a worse power shortage in 2011.

The Ministry of Industry and Trade has issued a list of products that should not be imported, including milk and certain vehicles.

The price of gold in Vietnam sharply dropped on March 29 as global price sank to the lowest level since March 18 due to profit-taking.

The global fight over fossil fuels has hit home in South Africa as the country debates its energy future before hosting UN climate talks later this year.

The Asian Development Bank's Board of Directors has approved a USD293 million loan to support a USD1 billion metro rail project in Hanoi.

The State Bank of Vietnam must find a way to meet legitimate demand for foreign currencies, says its former governor.

Vietnam’s businesses environment has been remarkably improved, according to a report by the Vietnam Chamber of Commerce and Industry.

If the trade gap is cut to less than 16% of export revenue, Vietnam’s balance of payments will have a surplus of up to $2 billion, the central bank governor said.

Gas traders in Vietnam have raised prices by VND14,000 per 12-kg tank because of a lack of domestic supply.

A project to turn Vietnam into an information and communication technology powerhouse means the nation will need at least one million skilled IT workers by 2020.

Electronic payments have improved the Government's ability to collect taxes and other duties, said a customs official.

The Government wants to pilot an agricultural insurance scheme in some localities from July, but insurers are reluctant to get involved.

China is continuing to be tapped to help solve Vietnam’s power crisis.

Small companies in Vietnam struggling with limited capital are facing difficulties in securing loans from banks due to the tight monetary policies.