Business

97-year-old man looked for 4,000 tons of gold
11/08/2012 01:33
Last October, Mr. Tran Van Tiep, 97, paid VND500 million ($25,000) as deposit for exploring a “gold treasure” in Tau Mount in Tuy Phong district, Binh Thuan province. Below is the sensational story about the old man who has kept searching for the “4,000 ton of gold”...
Management agencies become meaningless to underground laborers
11/08/2012 01:27
The promised land The number of foreigners flocking to the Vietnamese labor market has been increasing rapidly year after year. 52,633 workers went to Vietnam in 2008, while the figures were 55,428 in 2009 and 56,929 in 2010. By September 2011, 78,440 workers had come to Vietnam, which...
Vietnam bonds fall as yields, rise at debt auctions, stable dong
07/07/2012 02:08
Vietnam ’s five-year bonds fell on Friday, snapping a three-day gain, after the government enhanced yields at a bond auction. The dong was stable.It is the Vietnam reporting adventure . The State Treasury sold VND200.2 billion ($9.5 million) of five-year notes at 9.6 % on...
Korea buys up VN garments
09/02/2012 08:24
Garment and textile exports to South Korea could pass the US$1 billion mark this year, making it the fourth largest buyer of Vietnamese products after the US, the EU and Japan. Export of garment and textile products to the country last year reached a record of more than $904 million,...
Tough time ahead for banking industry: bankers
09/02/2012 08:22
Soaring bad debts, together with liquidity problems and economic restructuring, particularly banking reorganization, have pushed commercial banks to face a great deal of difficulties in 2012. Citing uncertainties coming from fledgling economic reform and the ongoing European debt...
Coal imports bring pointed questions
09/02/2012 08:20
Each year, Vietnam exports several dozen million tonnes of coal. However, Vietnam stepped into importing coal from 2011. National Council for Science and Technology Policy member Nguyen Dang Vang tells VIR why. Why does Vietnam import coal for generating power, while it has been...
VN to reserve ODA to develop infrastructure
09/02/2012 08:16
Under a Prime Minister’s decision, Vietnam will reserve Official Development Assistance (ODA) funds and concessional loans for the development of infrastructure in the 2011-2015 period. For illustration purpose only, Photo: Tuoi Tre Under Decision 106 of the Prime...