Business

Prices in February may rise

Demand for goods and services in February 2011 may rise slightly due to an increase in the purchasing power among people who like to celebrate the Lunar New Year (Tet) Festival along with other festivals.

Vietnam to scrutinise giant businesses this year

The State Audit of Vietnam plans to audit some large corporations this year to ensure efficiency.

WWF not yet to remove Tra fish from Red List

Vietnam’s Tra fish has not yet been removed from the WWF’s Red List of the Guidance Manual for Seafood Consumers in 2010-2011, said VASEP.

Oil giant Saudi Arabia looks to alternative energy

With vast oil reserves that are far from exhausted, Saudi Arabia has decided to explore nuclear and renewable energy, Oil Minister Ali al-Naimi has said.

Japan pledges more money for Vietnam’s development in 2011

The Japanese government will provide JPY58.180 billion (USD703 million) for three major projects in Vietnam

CPI rose 1.74% for the month, 12.17% this year

It’s estimated by the General Statistics Office that the consumer price index will have risen by 1.74% by the end of January.

Remittances skyrocket ahead of Tet

Inward remittances from abroad are soaring ahead of Tet, the Lunar New Year, early February.

Beer market to increase by 15 percent this year

Domestic beer producers will churn out roughly 2.7 billion litres of the drink this year to meet the rising demands of local consumers.

Elites to tackle 'fundamentally changed' world at Davos

The eurozone's debt battle and the power shift towards emerging giants like China and India will be at the heart of discussions on a "fundamentally changed world".

State employees may get extra for housing

The salaries of state employees may soon include money for lodging, allowing them to afford proper accommodations.

Vietnam Airlines subsidiary receives U.S. certification

Vietnam Airlines Engineering Company recently received the FAR-145 certification from U.S. Federal Aviation Administration.

Adjusted planning for Dung Quat Economic Zone to develop until 2025

The Prime Minister on January 20 approved adjustments to the master plan for the development of Dung Quat Economic Zone in the central province of Quang Ngai.

Priority power to go to steel and cement

Despite possible power shortages and even blackouts this year, Vietnam will give priority to the steel and cement industries.

Vietnam determined to keep inflation below 7%

Keeping inflation below 7% set by the NA will be a challenge for in 2011, but the country will do what it can to meet this goal.

3G service only being used by 5%

Just 5% of mobile subscribers in Vietnam use 3G service, while most stick to 2G technology.

Hanoi's CPI continues to hike in January as Tet approaches

It is expected that the consumer price index for Hanoi in January will be 1.68% higher than it was in December.

US, China ink $45 bln of export deals

The United States and China have announced a raft of trade deals worth $45 billion, as the two powers tried to narrow disputes by tethering their economic fortunes.

Labour exports look up for 2011

Despite missing the mark last year, Vietnam’s labour exports are expected to rise in 2011.

Arab leaders meet on economy, poverty

Arab leaders gather in Egypt to discuss trade and development as the region feels the aftershocks of a popular uprising in Tunisia that emboldened dissidents in the Arab world.