Business

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.

The Karnataka Planters' Association is planning to adopt the Vietnamese method — exclusive monocrop — of pepper cultivation.

The State Capital Investment Corp is looking to divest 281 enterprises and to sell the entire State stake in 170 local enterprises.

Deposit interest rates in both Vietnamese and foreign currencies are expected to be cut this month, according to the Vietnam Association of Finance Investors.

Vietnam will soon be one of the world’s fastest-growing air travel destinations.

China's central bank on Tuesday raised interest rates for the 3rd time in four months, as authorities ramp up efforts to tame inflation.

Google software that turns iPhones into interpreters has become available at Apple's online App Store.

The Ministry of Industry and Trade will further develop the flower industry's market share in Asia as part of its expansion plan for 2011.

Electronic flaws were not to blame for unintended acceleration in Toyota vehicles, a US government probe found.

The overall plan on emigration, compensation and resettlement for Lai Chau hydroelectric plant has been recently approved by the prime minister.