Governor says interest rate will fall in line with CPI

Date: 20/06/2011

Central bank governor Nguyen Van Giau, citing signals in the banking industry lately, iterated on Saturday that the interest rate will fall in the coming time in line with the consumer price index (CPI).

Business in brief 20th June 2011

Date: 20/06/2011

(Sourced from various news agencies)

Prime Minister sets growth target of 6.5pct in 2012

Date: 20/06/2011

The government will continue the flexibly tightening financial and monetary policies to tame inflation, stabilize the dong and increase the country’s foreign currency reserve.

Vietnam and America start to clean Agent Orange in Da Nang

Date: 18/06/2011

Viipip - Ministry of Defense yesterday began operations of disarming, picking up unexploded mines. That is the first step in the process of cooperation between Vietnam and the United States to remove the Agent Orange / dioxin in Da Nang from hot spots.

Vietnam to import 1m tons of petrol from Jul 15

Date: 17/06/2011

Vietnam will have to import one million tons of petrol from July 15 to ensure the domestic supply when Dung Quat Oil Refinery suspends operations for a 2-month maintenance, the local newswire VnExpress said Nguyen Hoai Giang, general director of Binh Son Refining and Petrochemical Ltd Co (BSR), the...

JICA aids Vietnam’s expressway construction

Date: 17/06/2011

The Ministry of Finance and the Japan International Cooperation Agency (JICA) signed an agreement in Hanoi on June 15 under which JICA will provide 40.946 billion JYP in loan for Vietnam to carry out two expressway sections.

Taiwan launches four more digital centers in Vietnam

Date: 17/06/2011

Taiwan launched four more digital centers in Vietnam on Wednesday and Thursday to help people in the country improve their digital skills.

City needs VND14 trillion to put cables underground

Date: 17/06/2011

The HCMC Power Corporation will spend some VND14 trillion, or nearly US$700 million, in the next ten years to put all the electricity and telecom cables along main streets underground in an effort to improve the city’s landscape, the company said.

Business in brief 17th June 2011

Date: 17/06/2011

(Sourced from various news agencies)

Japan offers US$508 million ODA infrastructure loan

Date: 15/06/2011

Vietnam and Japan have finalized an official direct assistance (ODA) loan worth nearly JPY41 billion (approximately US$508 million) during the first term of Japan’s 2011 financial year.

Lao Bao economic trade zone planning announced

Date: 15/06/2011

The Quang Tri provincial People’s Committee on June 14 announced the overall plan for the Lao Bao special economic trade zone until 2025, under the Prime Minister’s decision.

Vietnam aims to cut greenhouse gases

Date: 15/06/2011

Vietnam is set to phase out 100 per cent of hydro-chlorofluorocarbons (HCFC) substances by 2040 under a national programme launched in HCM City on June 14.

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