There will be no power shortage this year even though a serious dry spell has been forecast for the summer, state-owned monopoly Electricity of Vietnam has promised.

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Electricity of Vietnam promises no shortage in 2012

The recent hikes in car registration and license-plate fees have worsened things for the automobile market, which was already struggling due to the economic downturn.

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Car fee hikes could slam brakes on auto industry growth

Many banks booked profits even after a bad year for the banking sector, but an expert warned some lenders may be hiding the truth.

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Vietnam’s banks stay in the black despite economic difficulties

All major retailers have been offering attractive discounts to encourage recession-wary shoppers to loosen their purse strings for the festive season, and the initial response has been positive.

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Discount sales woo inflation-weary shoppers

A herd mentality among developers is to blame in large part for the ongoing slump in the housing market, but the government has also been inconsistent in its management of the sector, Construction Minister Trinh Dinh Dung says.

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Vietnam’s property firms should aim to meet real demand: minister

Electricity of Vietnam has a debt-to-equity ratio of 4.25, much higher than the average 1.98 for the country’s state-owned enterprises, news web site VnExpress reported Saturday, citing the Ministry of Investment and Planning.

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Vietnam’s power utility has unsafe debt-equity ratio: report

The 14 percent cap on bank deposit rates is only a temporary measure to ensure safety for the financial system and can be lifted when the market becomes stable, a central bank official said.

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Vietnam may remove deposit rate ceiling: official

European businesses in Vietnam have continued to lose confidence in the country as a sound investment destination for the fourth quarter in a row, a new survey found.

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Vietnam’s business climate continues to worsen: European firms

Vietnam’s dong gained, halting a three-day loss, after the central bank pumped in dollars to the currency market amid rising demand for the greenback. Bonds rose.

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Vietnam dong gains after central bank sells dollars; bonds rise

Vietnam’s dong traded near a two-week low on Thursday as the central bank lowered its daily reference rate for the fifth time this month. Government bonds rose.

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Vietnam’s dong trades near two-week low on weaker reference rate