Business

Salamander Energy Plc abandoned a well it drilled offshore southern Vietnam, terming the dry hole a disappointment.

NTT Communications has announced plans to build data centres in Vietnam and Singapore under a strategy to expand business in Asia.

Vietnam’s real estate market has seen rapid development in line with the country’s economic growth.

Vinaphone and Viettel have at last managed to almost sell out their inventories of iPhone 3GS and iPhone 3G.

Bangladesh Food Minister Abdur Razzak said the government would import 50,000 to one lakh metric tonnes of rice from Vietnam soon.

Whilst Vietnam is still actively pursuing investments from overseas Vietnamese nationals, domestic companies are investing abroad, notably in real estate.

The PetroVietnam Construction Joint Stock Corporation is planning to build a 528-m tower, the second tallest building in Asia.

PetroVietnam and Korea’s leading steelmaker POSCO signed a memorandum of understanding for developing Vietnamese electricity projects.

Rolls-Royce has won a $240m share of an order from Vietnam Airlines for V2500 engines to power 36 Airbus A321.

Agility, a leading global logistics provider, relocated to a new modern facility in Ho Chi Minh City located close to the Tan Son Nhat International Airport.

Giorgio Armani SpA said it opened its first stores in Vietnam and Mongolia as it seeks to tap Asian demand.

BP said it is to sell gas fields and an associated pipeline and terminal in Vietnam, worth an estimated $1 billion

Airlines and leasing groups agreed to buy single-aisle passenger jets worth billions of dollars at the Farnborough International Airshow.

Greenback supplies might become scarcer in the next two months as USD loans extended this year mature and demand from importers rises.

The launch this year of gadgets such as the iPad and 3D televisions is draining the Asian market dry of electronic components.

Over-production and lower exports have left rice farmers in Vietnam\'s Mekong Delta holding on to their stocks in the face of lower prices, analysts say.

Polypropylene Plant in the Dung Quat Economic Zone of Quang Ngai Province produced their first batch of the product yesterday.

Pruksa expects revenue to jump fivefold over the next eight years as the company starts selling homes in countries including India and Vietnam.

Office leasing prices in HCM City continued to be slashed during the second quarter of 2010 amid a rise in vacancies.