Business

The State Bank of Vietnam has approved gold imports in reasonable volumes for just the third time in 2010.

Pretty soon, Big Oil will be more like Big Gas.

The inter-bank overnight interest rate in VND hit 10.17% per annum; the highest since February.

The National Assembly deputies adopted a resolution on the country’s socio-economic development plan for 2011, agreeing with a GDP growth rate of 7-7.5%.

Banks have raised their VND deposit interest rate to 12% per annum, while racing to offer promotions to attract deposits.

Business groups from around the world have urged leaders at this week's G20 summit to ensure the supply of rare earth minerals.

Robert Zoellick urged the world's leading economies to consider returning to a modified gold standard as fears of an upcoming currency war mount.

A representative of Binh Son Petrochemical Refinery Company said that Southern Service Flight Company has begun to use Jet A1 fuel produced by the refinery.

Private airlines in Vietnam are not strong enough to heat up the domestic aviation market even though their presence is needed, an industry official says.

Power supply for November is predicted to remain insufficient as newly-built power plants have yet to be put into full operation.

Power projects in Ho Chi Minh City are still moving at a sluggish pace, continuing to cause a high risk of power shortages.

Deputy Minister of Construction, Nguyen Tran Nam, has denied domestic cement redundancy in an interview with Dantri.

The State Bank has begun taking measures to stabilise prices and the economy as 2010 comes towards an end.

Heavy rain in Vietnam's Central Highlands coffee belt in the past week has disrupted coffee harvesting, but the crop remains safe, traders and state media said.

Vietnam has thrived in attracting foreign construction companies, said the CEO of an international construction firm.

Vietnam will not take any moves to depreciate the Vietnamese dong against US dollar until Tet or February next year.

Samsung Electronics launched its tablet computer in the domestic market and said it aims to sell more than a million of the Galaxy Tabs worldwide.

The benchmark price of Vietnamese rice is likely to be stable between $380 and $500 a tonne next year, a top exporter said.

Vietnam’s budget deficit, prolonged trade deficit and macro-economic risks are of grave concern to National Assembly deputies.