Business

Oil prices climbed in Asian trade Tuesday, bolstered by continued unrest in the Middle East and North Africa and robust Chinese demand.

India has stopped corn and soymeal exports to Vietnam after Hanoi rejected cargoes totaling 50,000 tons over fumigation issues.

Exports to South Africa are seeing favourable conditions to increase this year, said the Ministry of Industry and Trade's Africa, Western and South Asia Department.

The Ministry of Industry and Trade has made a proposal to the Government to raise electricity prices by 18% this year.

The domestic market has noted sharp changes after the central bank adjusted up the inter-bank rate by 9.3% and narrowed the trading band for the dong.

The transport sector was forecast to find it difficult attracting investment capital for transport infrastructure projects, said the deputy prime minister.

Domestic coffee prices are soaring these days causing a scramble amongst domestic and foreign companies.

Vietnam-US trade turnover reached USD18.324 billion in 2010, 19 percent higher than in the previous year.

The father of late pop icon Michael Jackson helped start work on a $2 billion hotel-entertainment complex called "Happyland".

Vietnam’s devaluation of the dong by about 7 percent, the most since at least 1993, needs to be followed with steps to curb inflation.

Japan surrendered its 42-year ranking as the world's second-biggest economy to China in 2010.

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.