Business

In the long term, it is essential to mobilise capital from people to reduce the volume of gold and foreign currencies they are holding, said an economic expert.

A Vietnamese company is to invest $1.2 billion in the development project of Darkhovin oilfield, said an Iranian official.

PM Nguyen Tan Dung has highly appreciated the practical contributions to the national development by the young Vietnamese business community.

Robusta coffee prices in London are attracting sales offers from Vietnam, the world’s largest grower, coffee brokerage Eugen Atte GmbH said.

The interbank VND/USD exchange rate as well as the trading band has been adjusted to better reflect the market's demand and supply.

The World Wide Fund for Nature has removed Vietnam’s tra fish from its red list in six European countries.

On February 10 Vietnam handed over the Sekaman hydro-power project No. 1 to Laos for a duration of 30 years.

Nokia said Friday it was slashing jobs and joining forces with US giant Microsoft in a major strategy shake-up that left investors disappointed.

Thirty-two percent of European businesses in Vietnam predict that the country’s inflation rate may reach 6-8 percent in mid-2011.

Petroleum traders in Vietnam will be bound to keep petroleum prices at current levels for now, but will receive financial support.

Vietnam plans to stockpile 1 million tonnes of rice to help sustain the market for farmers amid low prices.

Vietnam devalued the beleaguered dong by 8.5 percent on Friday in a widely anticipated move to realign official and black market exchange rates amid high inflation and a persistent trade deficit.

Although profit targets await approval from shareholders at general meetings in coming months, most lenders target a higher profit in 2011.

Olympus Pacific Minerals Inc. said it’s “cautiously” reviving plans to expand a Vietnam mining operation, on optimism that it can refine gold within the country.

The dangerously high oil prices this year could push the economy into a marked slowdown, the IEA warned.

Petroleum traders in Vietnam are moaning over losses from their businesses as they have to maintain selling prices.

The Ministry of Finance has plans to change all securities decrees and circulars to create a better system of legal documents for the local stock market.

In January, Vietnam’s seafood exports gained a revenue of USD320 million, rising 2.3 percent against the same period in 2010.

Vietnam is facing more realty corruption as prices of land, which is allocated to investors, are said to be unreasonable.