Business

BP braces for huge annual loss after oil spill crisis

Oil giant BP is forecast to post its first annual loss in almost 20 years as it struggles to face the aftermath of the Gulf of Mexico oil disaster.

More cash pours in from overseas Vietnamese

The World Bank predicts inward remittances will increase by more than 6 percent this year, based on the amount of last year.

Government bonds to be allocated before mid February

PM Nguyen Tan Dung has ordered ministries and localities to finish the government bond allocation for projects before February 15.

Road projects lack sufficient funding from state budget

Many traffic infrastructure projects have sufficient capital from foreign sources but lack funds from the State budget.

Nissan suspends production in Egypt

Japan's Nissan Motor has halted its production in Egypt at least for this week due to turmoil in the country.

Housekeeping services in demand during Tet

Many companies are now offering a one-off service during Tet: housekeeping.

Contraband alcohol floods Tet market

Fake and smuggled alcohol will flood the markets asTet approaches. The production of fake liquor has posed many health risks for customers.

Auto imports double in January

Vietnam imported over 6,000 automobiles in January of this year, nearly twice as many as the same month last year.

PM orders tighter market management

The prime minister has requested cabinet members and localities intensify management over the market to ensure prices are stable.

Vietnam's Tra fish removed from WWF's Red List

Vietnam’s Tra fish on Jan. 28 was completely drawn out of the Red List of the World Wild Fund in six European countries, according to Vietnam Fishing Association.

State Bank of Vietnam to lower interest rates if CPI up 1.4 per cent

The State Bank of Vietnam will lower the interest rate if the consumer price index increases at around 1.4 per cent in February, said its governor.

Improper toll stations under scrutiny

The prime minister has decided to step up oversight of improper toll stations nationwide.

Money for nothing as visitors from Vietnam empty dollar-filled ATMs

Day-trippers from Vietnam have withdrawn millions of dollars from Cambodian cash machines to benefit from a sizeable gap between the official and black market rates of the USD.

Price of gold likely to rise in 2011

Many experts expect the average gold price in 2011 to rise higher against 2010 prices.

Japan fiscal discipline key to gain confidence: PM

Japanese Prime Minister Naoto Kan said the country must demonstrate fiscal discipline to gain investor confidence, after its credit rating was cut for the first time in eight years.

New security measures at ATMs

The police in Hanoi have installed ‘first warning’ equipment at a Vietnam Prosperity Bank's ATM to increase security.

Prices rise in Hanoi as Tet approaches

Prices of all kinds of goods are rising at fever pitch in Hanoi’s markets during the lead up to Tet.

Oil and gas sector reviews 2010 activities

The Vietnam National Oil and Gas Group held a conference to review its 2010 activities and implement tasks for 2011 in the presence of President Nguyen Minh Triet.