Business

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.

Swiss cement maker Holcim Vietnam will build a clean power plant that will use heat generated by machinery during production at its factory in the southern province of Kien Giang.

Indochina Airlines has asked the prime minister to approve an extension on the decision to revoke its license.

Vietnam Commodity Trading Joint-Stock Co. inaugurated the country’s first commodity exchange in Ho Chi Minh City on Tuesday

Vietnam’s real estate market gives investors signs for confidence in the coming year, says country director of Savills Vietnam.

The Minsitry of Finance will seek approval to revise income tax laws to adjust for heavy spikes in inflation.

The European Commission pressed governments to slice deficits and step up tough structural reforms when it kicked off a new era of tighter EU-wide economic governance.

Several banks have raised interest rates for dollar deposits in a bid to consolidate their shares on the mobilization market.

Limited supply and increased demand may force Electricity of Vietnam to increase electricity rates.

Vietnam will provide Oman with a stable amount of farm products and foods in the long term as agreed at the first meeting of the two countries’ first joint cooperation committee.

Vietnam can look forward to free trade with the European Union (EU) as the two sides would officially kick off negotiations at the top level in 2011.