Commercial banks face difficulties acquiring USD
Agents authorised by commercial banks to buy USD are finding it hard to entice transactions.
Retail sales see slower growth in first quarter
Retail sales value of goods and services was estimated at VND451.8 trillion (USD21.5 billion) in the first quarter of the year.
Government stands firm on USD speculation
State-owned enterprises will have to sell all their term deposits in USD, with the total value of $376 million, to commercial banks.
Industrial output rises 14.1%
The nation's industrial production reached VND198.7 trillion (USD9.5 billion) in the first quarter of this year, up 14.1% from a year earlier.
Petrol prices could add 0.4% to CPI this month
Petroleum price hikes may raise Vietnam’s consumer price index by 0.4% this month, said a local official.
People turn their backs to gold and foreign currency
Gold and foreign currency speculation has dropped after the government’s recent crackdown on unofficial trading.
Industry minister warns of worsening power supply problems
The Minister of Industry and Trade told the National Assembly last week that the power supply problems would worsen in the coming months.
Spain to miss deficit targets: central bank
Spain, struggling to avoid a debt bailout, will miss key public deficit targets this year and next, the central bank warned Wednesday.
Euro hits 10-month yen high
The euro struck a ten-month high point against the yen, as traders expected hikes to eurozone and US interest rates in the near future.
Crude oil exports increase, along with petroleum imports
Vietnam’s crude oil exports have gone up by 15.7%, while petrol imports have risen by more than 50% in the first quarter.
World Bank funds $570 million for Vietnam’s big projects
The World Bank on March 30 approved a total loan of USD570 million to support Vietnam’s development efforts.
FDI disbursements hit peak
Disbursement of foreign direct investment in March reached USD1.39 billion, the highest level since the beginning of the year.
Fears of inflation stirred by latest petrol price hike
The decision to increase the price of fuel, beginning late March 29, has spurred worry in Vietnam about inflation.
Rises in electricity prices draw scrutiny
State Audit of Vietnam has started auditing the recent increase in the price of power imposed by state-owned EVN Group.
Water level of hydropower reservoirs alarmingly low: EVN
EVN warned the water level at most hydropower reservoirs nationwide were dramatically low, triggering a fear of a worse power shortage in 2011.
Import protections put on milk and automobiles
The Ministry of Industry and Trade has issued a list of products that should not be imported, including milk and certain vehicles.
Gold makes sharp correction
The price of gold in Vietnam sharply dropped on March 29 as global price sank to the lowest level since March 18 due to profit-taking.
S.Africa takes heat for burning coal
The global fight over fossil fuels has hit home in South Africa as the country debates its energy future before hosting UN climate talks later this year.
ADB to fund USD293 million for Hanoi’s metro rail project
The Asian Development Bank's Board of Directors has approved a USD293 million loan to support a USD1 billion metro rail project in Hanoi.
Demand for foreign currency reveals need for stricter regulations
The State Bank of Vietnam must find a way to meet legitimate demand for foreign currencies, says its former governor.
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