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  • Foreign exchange shops shut down, banks close doors to buyers

    Foreign exchange shops shut down, banks close doors to buyers

    15/03/2011 05:00

    People are complaining that they have not been able to purchase foreign currencies over the last week because the free market unexpectedly shut down and banks refuse to sell dollars. Since early last week, foreign...

  • License revoked for $11.4 bln Creative City

    License revoked for $11.4 bln Creative City

    14/03/2011 05:00

    Authorities have officially revoked a license for a mammoth US$11.4 billion tourism project invested by US-based Galileo Investment Group Inc in the central Vietnamese province of Phu Yen, a top official confirmed. Ho Van Tien, spokesman of the Phu Yen provincial...

  • VFA unexpectedly lowers floor price for exporting rice

    14/03/2011 05:00

    The Vietnam Food Association VFA has decided to slash the floor price for rice exports by 10-20 dollar per ton, starting from March 12. The move has been described as an effort to support Vietnam’s exports. However, it remains unclear if such a maneuver can help....

  • Rice fund set to bite into price instability

    14/03/2011 05:00

    VietNamNet Bridge - A regional reserve fund will help keep rice prices stable and ensure regional cooking security. ASEAN plus China, Japan and South Korea recently agreed in Laos to establish a rice reserve fund to bridle volatile movements in commodity prices of...

  • Reservoirs dry up, worsen power shortage 

    14/03/2011 05:00

    The reservoir at Ham Thuan Power Plant in the Central Highlands is drying up Many hydropower plants have had to reduce operations due to dangerously low water levels, worsening the electricity shortage problem in the country. Power plant...

  • Real estate market in 2011 remains an unknown

    Real estate market in 2011 remains an unknown

    14/03/2011 05:00

    While many experts believe that the real estate market will be gloomy this year due to the State Bank’s policy on tightening monetary policies, others believe that it is this policy that will make the property market hot. Contradictory viewpoints...

  • Foreign businessmen scrambling to collect coffee

    14/03/2011 05:00

    Foreign businessmen are jumping on the bandwagon, scrambling to purchase coffee with Vietnamese businessmen. Analysts have warned that once foreign businessmen control the market, they will force collection prices down, thus making farmers suffer....

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