Business

Rising food and fuel prices are taking the wind out of the global economy's recovery this year, the World Bank has said.

The Government will make it easer for the private sector to access official development assistance through the public-private partnership model.

According to real estate experts, homebuyers in the capital are paying far more than HCM City residents despite lower per capita incomes.

Vietnam is forecast to earn $8 billion from exporting aquatic products in the next 10 years, according to the Ministry of Agriculture and Rural Development.

The Ministry of Industry and Trade has drawn attention to a sudden spurt in the trade deficit run up by foreign firms.

Apple has unveiled a free service called iCloud that stores music, photos and other content on the Web and shares it across multiple devices.

Enterprises in industrial parks and export processing zones will need a total of 100,000 workers by 2015, according to HCMC Export Processing and Industrial Zones Authority.

IATA halved its profit forecast for the airline industry to $4 billion in 2011 due to the tsunami in Japan and unrest in the Middle East.

Tra fish (pangasius) export revenue is expected to reach USD1.8 billion this year, speakers at a conference said last Saturday in HCM City.

The OPEC oil cartel meets in Vienna this week, widely expected to hold production levels unchanged as it balances a weak economic outlook.

With only 2.5 million pay TV subscribers out of 86 million people, Vietnam is a fledging market for the service, experts said.

The Dung Quat Economic Zone in the south-central coastal province of Quang Ngai will be expanded from its 10,000 ha to 45,000 ha by 2025.

Up to 54% of respondent businesses had increased staff salaries by between 11 and 15% in 2011, a Navigos Search's survey showed.

Prime Minister Nguyen Tan Dung has asked the Cabinet to pursue priorities in curbing inflation and stabilising the macro-economy.

Billion-dollar FDI projects become quite scarce in the first five months of this year, according to the Foreign Investment Agency.

The Government should enforce recent fiscal policies to minimise inflation and stabilise the economy, said a WB economist.

US aerospace giant Boeing is under "continuous" cyber attack but there has been no breach of its databases, a senior executive said.

Some 26,900 autos valued at USD524 million were imported into the country in the first five months of this year, according to the General Statistics Office.

The German Reconstruction Bank is to provide a second loan to fund the construction of metro line No 2 in Ho Chi Minh City .