January 18, 2012
An artist's impression of the PVN Tower State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope. PetroVietnam will no longer invest in the 102-story PVN Tower, slated to become the tallest skyscraper in Vietnam, [...]
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January 14, 2012
Vietnam aims to raise its coal output to 55-58 million tons in 2015 from an estimated 48.9 million tons this year in an effort to meet demand for fast-growing electricity production, the government said. Output is projected to rise to more than 75 million tons by 2030 thanks to the exploitation of new sites, [...]
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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October 20, 2011
 Vietnam expects its trade deficit to widen to as much as $12.8 billion next year, government estimates showed today. The dong fell. The shortfall may reach $12.4 billion to $12.8 billion, or about 11.5 percent to 12 percent of total exports, the government said in a report released to reporters in Hanoi Thursday. The [...]
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August 26, 2011
Vietnam's minimum wage will rise to a maximum of VND2 million per month starting October Vietnam will raise its minimum wage by as much as 69 percent to help workers cope with the highest inflation in Asia. The minimum wage will rise to a maximum of VND2 million (US$96) per month starting October 1 from [...]
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August 9, 2011
Hyundai-Vinashin Shipyard in the central province of Khanh Hoa. Hyundai Vinashin, a Vietnamese shipbuilding joint venture, has started work on three big ships for foreign buyers, targeting a 67 percent increase in revenues this year, the government said. The ships, with a height of between 15 and 18.6 meters, were ordered by one Turkish and [...]
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June 11, 2011
A motorcycle taxi driver waits for clients next to a poster depicting so-called social evils including prostitution and drug addiction in northern Vietnam. The government has launched a five-year program aimed at cracking down on prostitution in communes and towns. With a budget of VND629 billion ($30.5 million), the program looks to reduce the rate [...]
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April 27, 2011
The dollar weakened in Vietnam in recent days due to “abundant” supply after the central bank capped rates payable on deposits in the US currency, the government said Wednesday in a statement. The State Bank of Vietnam’s limits took effect April 13, restricting rates for individuals to 3 percent and those for non-credit institutions [...]
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April 23, 2011
Rebel fighters stand on top of a captured tank belonging to forces loyal to Muammar Gaddafi, outside Misrata's tallest building, along a street in Tripoli April 22, 2011 NATO air strikes may force Libya to halt fighting by its army in the besieged port of Misrata and let local tribes take over the battle, the [...]
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March 20, 2011
A woman is screened for radiation at a screening centre in Koriyama, Fukushima prefecture on March 20, 2011 Japan restored power to a crippled nuclear reactor on Sunday in its race to avert disaster at a plant wrecked by an earthquake and tsunami that are estimated to have killed more than 15,000 people in one [...]
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