Business

Inflation changes consumption habits
06/04/2011 05:00
Using bicycles, buses or motorbikes with smaller capacity to save petrol, stop purchasing new clothes and furniture, reducing budget for cooking , no longer using air conditioners, etc. are the measures being used by many families right now. After petrol prices...
How basic wage increase affects inflation in 2011 remains unknown
06/04/2011 05:00
VietNamNet Bridge – After many changes in the dong/dollar exchange rate, petroleum and electricity prices, a question has been raised by analysts as to how the basic wage increase will affect the prices of goods and services which have climbed to high levels...
Wages up; workers scarce
06/04/2011 05:00
A worker at a garment factory in Ho Chi Minh City’s District 8. Many garment firms have raised salaries in order to retain workers. An increase in orders and higher export prices have helped garment makers offer better salaries and working...
Vincomin raises coal prices by 20-40 pct unexpectedly
06/04/2011 05:00
Vietnam Coal and Mineral Industries’ (Vinacomin) proposal to raise coal prices by 20-40 percent beginning on April 1 was unexpectedly approved by the Ministry of Finance. The latest coal price increase plan was carried out very quietly because unlike...
Vietnam orders widespread inspections over old aircrafts
06/04/2011 05:00
VietNamNet Bridge – The Civil Aviation Authority of Vietnam (CAAV) has announced it will conduct surprise inspections on old but operational aircrafts in Vietnam. The decision has been made after holes appeared in the top and fuselage of a series of Boeing 737-300 in...
VN set to increase rice production by one million tons
06/04/2011 05:00
The Ministry of Agriculture and Rural Development (MARD) has set a target of increasing rice production by 1 million tons this year to ensure cooking security under instructions from Prime Minister Nguyen Tan Dung. To realize the new target, the ministry plans to...
Banks’ policy to restrict lending keep SMEs away
05/04/2011 05:00
VietNamNet Bridge – Banks have announced that they will restrict the lending to non-production sectors. However, the policy has narrowed the banks’ door to small and medium enterprises (SMEs) and they have to borrow money under the mode of consumer...