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Shares surge after long holiday

Hanoi , Jan. 31 (VNA) — Shares surged on both of the nation''s stock exchanges on Jan. 30, the first day of trading following the long Tet (lunar new year) holiday, as Minister of Finance Vuong Dinh Hue ped in on the floor of the Hanoi Stock Exchange.

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Petrol tariff rises from zero to 4 percent

HCM City. Dec. 30 (VNA) — The Ministry of Finance on Wednesday decided to hike import tariffs on petrol products from the current zero percent to 4 percent to ensure the interests of the State, enterprises and consumers.

 

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Tet slows factory output

Hanoi, Jan. 31 (VNA) — The industrial output of Hanoi fell this month as enterprises scaled back operations for the Tet (lunar new year) holiday.    The industrial production index in January was 86 percent of December 2011 level and 99 percent of the level in January of 2011, according to the Hanoi Statistics Office.

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Local insurers must improve as foreign firms set up in VN

HCM  City , Jan. 31 (VNA) – As Vietnam continues to open up its insurance market further, allowing foreign non-life insurance companies to set up branches in the country, domestic firms will have to improve their act to cope with stronger competition, industry insiders say.    Phung Gia Loc, General Secretary of the Association of Vietnamese Insurers (AVI), said domestic non-life insurance companies will have to face more rivals with greater advantages this year. 

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Heads roll in wave of bank woes

Hanoi , Jan. 31 (VNA) — The banking industry has experienced a roller-coaster year, with concerns over the sector''s liquidity and pressure on high interest rates adding to a long list of woes.

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Street name signs with historical biographies

Hanoi , Jan. 31 (VNA) —  New street  name signs offering summarised biographies of national heroes and leaders have been installed on 10 streets in  Hanoi , including Le Thai To, Le Thach, Le Lai and Phan Boi Chau streets.

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VN goods to be sold in foreign supermarkets

Hanoi , Jan. 31 (VNA) – The purchasing division of LotteMart Vietnam, the owner of a chain of supermarkets, is preparing to offer Vietnamese goods for sale at 122 foreign overseas supermarkets, including 94 in China and 28 others in Indonesia.

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Ba Ria-Vung Tau grants new project licences

Ba Ria-Vung Tau, Jan. 31 (VNA) – The southern  province of Ba Ria  – Vung Tau on Jan. 31 granted licences to four domestic projects capitalised at more than 26.7 trillion VND (roughly 1.28 billion USD).  

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Tourists to Hanoi increase during Tet

Hanoi, Jan. 31 (VNA) – Around 183,000 foreign tourists visited Hanoi during the lunar New Year (Tet) holiday, a year-on-year increase of 16 percent.

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Northern most province receives 330, 000th visitor

Ha Giang, Dec. 31 (VNA) –The northern most Ha Giang province welcomed the 330, 000 th international visitor in the last day of 2011, marking a successful year of its tourism sector.        

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