Business

The US economic recovery is now on a firmer footing, according to the Federal Reserve.

Vietnam will build more software parks in the next 10 years to nurture the development of information and communication technology industry.

Labour shortages after the Lunar New Year holiday remain a serious problem that Vietnamese businesses have faced for many years.

Prime Minister Nguyen Tan Dung has asked State economic groups to play the core role in stabilising the country’s macro-economy.

Many petrol stations have closed for dubious reasons, resulting in illegitimate gasoline vendors sprouting up.

On the morning of February 16, gold prices continued the upward trend.

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.