Business

Vietnam’s steel industry is forecast to see a steep rise in demand in 2011.

The prime minister has issued a new decision on credit guarantee regulations for small and medium-sized enterprises.

Businesses outside the Vietnam Food Association (VFA) will be allowed to export rice beginning February 14.

The rotor of turbine 2 at the Son La hydropower plant, the biggest of its kind in Vietnam, has been installed.

A series of projects capitalised at billions of dollars will get licences in the Van Phong Economic Zone in central Khanh Hoa province this year.

The European Union will provide 11 million euro for a five-year environment and society responsible tourism development programme in Vietnam.

Local dairy giant Vinamilk said that the reasons for the recent increase in the price of milk is due to higher material costs.

Some smaller commercial banks in the past week have raised the interest rates they offer on US dollar deposits by 0.9 to 1.3 percentage points to as high as 6.1 per cent per year.

Oil prices crossing the 100 dollars a barrel mark is possible but would not merit an emergency meeting of OPEC.

Swiss whistleblower Rudolf Elmer is planning to handover to WikiLeaks two CDs containing data of around 2,000 bank clients who may have been evading taxes.

The heads of BP and Russian oil firm Rosneft announced an "historic" deal to swap shares in a joint venture to exploit the vast untouched energy resources of the Arctic.

Targets for rice exports for the Mekong Delta region have been set at 5.5 million tonnes, a 1.78% decrease from last year.

The Ministry of Finance has decided to eliminate import tariffs on some petroleum products begining January 14.

The trade of liquor, beer, dried foods, garments, fabrics, cosmetics, and cigarettes, mostly smuggled from China, has become hotter in Ho Chi Minh City as Tet is coming.

Higher demand, coupled with lower hydroelectric power output during the dry season may lead to power shortages.

US computer chip giant Intel posted its best earnings ever in 2010 as businesses beefed up data centers to handle services increasingly shifting to the Internet "cloud."

Japan's top three automakers Toyota, Honda and Nissan have united with Japanese energy firms in a push to commercialise greener hydrogen fuel cell cars.

The Ministry of Industry and Trade has just set a target to save on power consumption by 8% to 10% in the next five years

Nearly 24,000 multi-purpose vehicles (MPV) and sport utility vehicles (SUV) were sold in Vietnam in 2010.