Business

Experts: rare earths headed for 2011 supply crunch

Global demand for the increasingly important "rare earth" minerals could outstrip supply by next year as dominant producer China slashes exports, analysts warn.

Japan group to jointly buy Vietnam steel pipe firm

Japan’s JFE Steel, Maruichi Steel Tube and Toyota Tsusho will jointly buy the Vietnamese spiral steel pipe unit of South Korea’s Jeong An Steel for about USD16 million.

Online labour market continues growing

The online job market in Vietnam in the third quarter of this year increased by 7% in labour demand and 12% in labour supply in comparison to the previous quarter.

Negotiable interest rates on deposits latest draw from banks

A number of banks in Vietnam are offering negotiable deposit rates in a bid to attract more customers

Asia Pacific LTE connections to surpass 120 million by 2015

The number of LTE connections in Asia Pacific will exceed 120 million by 2015, according to new data released by Wireless Intelligence.

National Assembly gives thumbs up to VND3.5 trillion for PetroVietnam

The National Assembly has approved a plan to allocate VND3.5 trillion to PetroVietnam.

Germans set to say ja to more sectors

Many German investors are coveting investment opportunities in a range of Vietnamese sectors.

State-owned enterprises slow to divulge information to public

According to a new survey, state-owned enterprises in Vietnam are not adequately making their information public.

Vietnam Airlines launches new route to Yangon

Vietnam's national flag carrier will launch a second direct route to Yangon next week, an airline official said Sunday.

Domestic goods struggling against fake products

Vietnamese companies are calling for a proper solution to crack down on contraband and fake products that are blocking their markets.

Lending interest rates up, troubling enterprises

Commercial banks have raced to raise their deposit and lending interest rates, causing difficulties to small- and medium-sized enterprises.

Strong US dollar worries domestic businesses

Many companies are now distressed about high import prices on materials and a recent increase in the exchange rate.

China-US spat hobbles G20 push on world economy

G20 leaders vowed to avoid currency manipulation, but differences between China and the US prevented major progress in rebalancing the skewed global economy.

Bickering G20 vows to avoid currency war

G20 leaders vowed to avoid tit-for-tat currency devaluations, but China's strong objections to any brakes on its export machine undermined a US push to redress skewed global trade.

Finance Ministry proposes 20% export tax on gold

Vietnam’s Ministry of Finance has proposed an export tariff on several products, including 20% on gold.

Dung Quat Oil Refinery under scrutiny of National Assembly

Deputies of the National Assembly urged the government to evaluate the economic efficiency of Vietnam’s Dung Quat Oil Refinery.

Gas industry set to triple in size over next 15 years

Vietnam's natural gas sector is set to triple in size over the next 15 years if Government objectives are achieved, a workshop in Hanoi was told yesterday.