State oil and gas group Petrovietnam has made a bid to buy $1.5 billion in Vietnamese oil assets in the East Sea from ConocoPhillips, a senior Petrovietnam official said Monday.

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Petrovietnam bids for ConocoPhillips’ Vietnam assets

The government has not made a decision on when to raise power prices as the timing of such a hike needs to be carefully weighed against the goal of controlling inflation, an official said.

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Official says no plan for power price hike just yet

The government has found that the root causes of inflation actually lie in its monetary policy, an official said.

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Monetary policy main cause of inflation: gov’t

South Korea’s Samsung Electronics plans to increase its production of mobile handsets in Vietnam to 100 million units by the end of 2012, an official said.

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Samsung plans to increase mobile phone production in Vietnam

The amount of bad debt in the real estate sector increased by 37 percent from the end of last year until June due to an ongoing slump in the market, an official said.

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Vietnam’s bad property debt surges amid market slump

Vietnam estimates it will spend VND929.7 trillion (US$45 billion) to boost its electricity generation capacity by 2020 to meet domestic demand, an official said.

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Vietnam to spend $45 billion to boost electricity capacity

Vietnam’s Ministry of Information and Communications is drafting regulations that will ban the resale of registered sim cards, an official said.

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Vietnam tightens grip on mobile phone users

Vietnam is “overdue” for again raising its interest rates because of the country’s high pace of inflation, an International Monetary Fund official said on Monday.

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Vietnam overdue for rate hike to fight inflation: IMF

Authorities are considering a 22.7 percent increase in domestic airfares as local carriers have been facing losses, a Finance Ministry official said Saturday.

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Airfares may rise 22.7 percent: official

A preliminary survey revealed that the average Vietnamese household spends nearly 30 percent of its monthly income on electricity, an official said.

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Vietnamese pay more than most for electricity