ADB: Vietnam must avoid “average-income trap”
As Vietnam continues to develop it is also in danger of falling into the “average-income trap”, said the Asian Development Bank.
Rag trade eyes moves to low cost Vietnam
More foreign garment and textile investors are stitching up investment deals in Vietnam as production costs rise in China.
Waste found in numerous state-financed projects
A report which scrutinised 300 projects with state investment found that 269 of them were halted because of waste last year.
Hanoi-hosted ADB meeting focuses on inflation
The Asian Development Bank was set to discuss measures to control regional inflation at its regular meeting, which will take place in Hanoi.
Prices for imports still high as dollars drop
It is still impossible to lower prices of many imported commodities even though the U.S. dollar has strongly depreciated.
New ban on gold deposits and lending
The State Bank of Vietnam has ordered an end to gold deposits and lending.
As profits surge, Europe's carmakers rev up global ambitions
Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight.
Dollar rises on reports Osama bin Laden is dead
The US dollar rose against the euro and the yen after reports that Al Qaeda leader Osama bin Laden had been killed after the September 11 attacks.
Android smartphones winning over 'app' makers
Google is the new darling of software wizards out to cash-in on the world's love for customizing smartphones with fun, hip or functional applications.
Major economic policies take effect beginning May 1
A number of new economic policies took effect on May 1, including rise in minimum salary and use of e-invoices.
Capital-thirsty property developers forced to sell
Facing a shortage of capital, many real estate companies in Ho Chi Minh City have been selling off their projects as the last resort.
Sugar makers face difficulties
Sugar manufacturers across the country are struggling due to oversupply and a lack of demand that have forced prices down by USD50/tonne.
Vietnam firm launches e-wallet WebMoney
Vietnam Online Trading Services Joint Stock Co. has debut e-wallet WebMoney Vietnam to help customers access online payment services globally.
Cabinet convenes regular April meeting
Vietnam is striving to keep inflation at about 12-13 percent in 2011, register an economic growth of 6 percent and trade deficit at 16 percent.
Green business competition launched
The British Council has launched an eco-friendly business competition for entrepreneurs in Vietnam.
Banks refuse foreign currencies
Banks in Vietnam are refusing to accept the currencies of many nations.
Prices likely to climb another 2% in May
The nation's inflation is expected to ease to a rate of 1.8-2 percent in May following April's one-month surge of 3.32 percent.
Microsoft net profit up but surpassed by Apple
Microsoft posted a more than 30 percent rise in quarterly net profit but pocketed less than gadget-maker Apple for the first time in two decades.
Modern pharma plant to be built in Mekong Delta
A Vietnamese firm has started building a pharmaceutical production plant in Hau Giang, the most modern in the region.
Cut public spending at all costs, says academic
Nguyen Duc Thanh, director of the Vietnam Centre for Economic and Policy Research, says economic growth can be sacrificed to fight inflation.
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