Business

The domestic steel price, after 4 consecutive periods of decline, has suddenly jumped thanks to changes on the world market.

Formosa Plastics Group and China Steel Corp will team in Vietnam to tap the Asian steel market.

75 tonnes worth of prawns have died in a large-scale dilemma for farmers in Hoang Phu Commune, Thanh Hoa Province.

The Economist Intelligence Unit has lifted its forecast of Vietnam’s GDP growth rate in 2010 to 6.4 percent.

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

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

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

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.

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

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.

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.