Ministries OK 3rd fuel price hike in August

Date: 29/08/2012

The retail prices of gasoline and diesel oil/kerosene will go up by VND650-700 per liter and VND300-400 per liter from 7:00 pm today respectively, the third price increase this month, said state agencies and local petroleum wholesalers.

CPI inches up during August

Date: 29/08/2012

The Consumer Price Index (CPI) in August increased by 0.6 percent over last month, the General Statistics Office (GSO) announced on August 24.

Business in brief in 28 Aug 2012

Date: 29/08/2012

(Sourced from various news agencies)

FDI flows into small projects

Date: 29/08/2012

Most of the foreign direct investment (FDI) projects in the first eight months of this year are of small and medium scale, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Green lights to light up gaming

Date: 28/08/2012

Unlimited electronic gaming facilities, in accordance with the latest Ministry of Finance’s decree draft, could open the door for more foreign-invested projects in Vietnam.

Hanoi focuses on developing hi-tech industry

Date: 24/08/2012

A strategy on developing science and technology in Hanoi to 2020 has set ambitious targets of raising value of hi-tech products to 20% of the capital’s GDP by 2015 and 50% by 2020.

PLAN aid supports Quang Ngai development

Date: 24/08/2012

Plan International (Plan), an international humanitarian organisation, will provide US$2.5 million in aid to the central province of Quang Ngai in 2013-2016.

India Has Not Withdrawn From Vietnamese Oil Block: minister

Date: 24/08/2012

India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally allocated by Vietnamese oil company PetroVietnam, the government has said.

VND77 trillion needed for Nha Trang-Phan Thiet expressway

Date: 24/08/2012

The estimated cost for the expressway connecting Nha Trang City in Khanh Hoa Province to Phan Thiet City in Binh Thuan Province is over VND77 trillion, or some US$3.5 billion, with over VND49 trillion for construction alone.

Baria Vungtau Intensive Industrial Park for Japanese investors

Date: 24/08/2012

The southern province of Ba Ria-Vung Tau should pool resources to develop its support industries and logistics in the future, said Japanese experts.

Nan Shan Life to set up subsidiaries in Vietnam

Date: 24/08/2012

Taiwan-based Nan Shan Life Insurance Co. will set up a subsidiary in Vietnam by the end of 2013 and one in China in three years, the company’s chairman Koay Boon-teik said Monday.

British Telecom eyes Vietnam market

Date: 24/08/2012

The British telecom giant is seeking business opportunities in Asian countries with high growth and large population, including Vietnam.

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