Business

PM Nguyen Tan Dung attended the official inauguration ceremony of the Dung Quat oil refinery today, January 6.

New mobile operators, Vietnamobile and Beeline, are trying to make a splash in the market against giant competition.

South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals.

The Vietnam-Russia oil and gas joint venture Vietsovpetro extracted the 190 millionth tonne of oil at the Bach Ho and Rong oil fields off the southern province of Ba Ria-Vung Tau.

Vietnam dong inter-bank transactions recorded approximately USD10.94 billion during the last week of 2010.

Vietnam’s tourism industry saw big success in 2010 with over five million foreign visitors, representing 36 per cent on-year growth.

Vietnam led other foreign investors in the Laos capital city of Vientiane during the 2006-2010 period with more than 1.5 billion USD in 162 projects.

Nicknamed the “Island Governor”, Dao Hong Tuyen, Chairman of Tuan Chau Group’s Board of Directors, has claimed his assets are worth about $2billion U.S. dollars.

The new national land price frame for 2011 will remain largely unchanged from last year, especially in urban areas such as Hanoi and Ho Chi Minh City.

Vietnam ’s rice exports set a dual record for 2010 in terms of both volume and value.

Vietnam’s information technology and hi-tech sectors will become a hub for domestic and foreign investors in 2011.

After several delays and national scrutiny, the inauguration of Dung Quat refinery will take place January 6.

Oil and gas services set a record of raking in 152.5 trillion VND in revenues in 2010, representing a year-on-year increase of 58 percent.

Chinese Vice Premier Li Keqiang held talks with Spain's finance minister at the start of a visit focusing on economic issues, including the crisis in Spain, and business deals.

Total retail sales of commodities and services surged by 24.5 percent year on year to roughly 78 billion USD in 2010.

Although the fledgling plastics industry has recorded remarkable growth, it still faces many difficulties and it is essential to devise a long-term development strategy.

The Vietnam Association of Seafood Exporters and Processors predicts that tra fish exports in 2011 will be more stressful than 2010, the lack of input will become serious.

Vietnam has 170.1 million phone subscribers as of the end of 2010, up 35.4% against from a year earlier.

Macau's gaming revenue hit a record 23.5 billion US dollars in 2010, according to official figures released Monday, cementing the city as the world's biggest gaming hub.