EVN could go bankrupt if it cannot raise electricity prices, ministry says

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VietnamNet English 9 hour(s) ago

EVN could go bankrupt if it cannot raise electricity prices, ministry says

VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) has voiced its support for Electricity of Vietnam’s (EVN) plan to raise retail electricity prices, saying that it would go bankrupt if not allowed to do so.

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Dispute rises over flyover projects

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VietNam News English 13 hour(s) ago 1 duplicate news

Ha Noi's Department of Transport did not commit any violations during the construction of three flyovers that could go over budget by VND27.2 billion (US$1.2 million), said the department's director Vu Van Vien at a press briefing on Tuesday.

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Mobile heat tech the Google maps of energy savings

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Báo Thanh Niên English 14 hour(s) ago

A Boston company has come up with a new and efficient way for homeowners to save money on energy costs, a timely innovation given the impact of this week's snow storms in the northeast U.S. The company is using a newly developed technology that can map heat signatures for entire cities in matter of days, generating data that could potentially produce billions in energy savings.

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$140k traditional music play debuts in Hanoi

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Báo Tuổi Trẻ English 2 day(s) ago 1 duplicate news

$140k traditional music play debuts in Hanoi

A performance of historical “cai luong” (reformed Vietnamese theater), which costs almost US$140,000, will be staged for free in Hanoi this week.

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January CPI slides over fuel cost reductions

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VietnamPlus English 5 day(s) ago

January CPI slides over fuel cost reductions

Following recent plunges in fuel prices, the Consumer Price Index (CPI) in January dropped by 0.2 percent against that of December 2014, a record low over the last ten years.

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Low oil prices both good and bad for Vietnam

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Báo Dân Trí English 6 day(s) ago 1 related news

Low oil prices both good and bad for Vietnam

Vietnamese authorities are trying to find ways to cope with tumbling world oil prices, but are optimistic about long-term benefits for the economy.

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VietJet Air favored as Vietnam ministry asks officials to save flying costs

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Báo Tuổi Trẻ English 6 day(s) ago

VietJet Air favored as Vietnam ministry asks officials to save flying costs

The Vietnamese Ministry of Industry and Trade believes no-frills carrier VietJet Air is the best low-cost airline for its officials to travel with.

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Hanoi and HCM City's CPI sees slight drop in January

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Báo Dân Trí English 7 day(s) ago 1 related news

Hanoi and HCM City's CPI sees slight drop in January

Consumer price index (CPI) in January dropped by 0.17% in Hanoi and 0.48% in HCM City since December as a result of recent reductions in petrol, oil and gas prices, a statistics agency announced on January 22.

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HCMC plan to hike water prices runs into stiff opposition

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Báo Thanh Niên English 1 week(s) ago

HCMC plan to hike water prices runs into stiff opposition

An announcement by the Ho Chi Minh City water utility at a meeting Tuesday that it plans to hike tariffs by 10.5 percent every year for the next five years was met with protests, with critics urging the state-owned Saigon Water Corporation to instead reduce water leakages to cut costs.

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No smaller banknotes to be issued for Tet

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VietnamNet English 1 week(s) ago

No smaller banknotes to be issued for Tet

The State Bank of Viet Nam does not plan to issue new banknotes with denominations lower than VND5,000 (23 US cents) for the Tet (Lunar New Year) holiday, to cut costs.

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No smaller banknotes to be issued for Tet

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VietNam News English 1 week(s) ago

No smaller banknotes to be issued for Tet

The State Bank of Viet Nam does not plan to issue new banknotes with denominations lower than VND5,000 (23 US cents) for the Tet (Lunar New Year) holiday, to cut costs.

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HCM City to build multi-story workshops in industrial zones

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VietnamNet English 1 week(s) ago

HCM City to build multi-story workshops in industrial zones

VietNamNet Bridge – HCM City, the largest commercial hub in Vietnam, plans to built multi-story workshops in industrial zones (IZs) in an effort to lure small- and medium-sized investors who need space at “reasonable costs”.

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MoIT tells EVN to update power tariffs

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VietNam News English 1 week(s) ago

The Ministry of Industry and Trade has asked Electricity of Viet Nam (EVN) to update power tariffs, based on input factors, following the group's proposal to raise electricity selling prices.

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Capital costs to remain high in 2015: economists

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VietnamNet English 1 week(s) ago

Capital costs to remain high in 2015: economists

VietNamNet Bridge – Bank loan interest rates decreased sharply in 2014, but are expected to rise in 2015.

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HCMC hotel room tariffs, occupancy decline

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VietnamNet English 1 week(s) ago

HCMC hotel room tariffs, occupancy decline

VietNamNet Bridge – Hotels in HCMC, especially those in the four- and five-star segments, had a tough 2014 when they had to lower tariffs to attract guests and offset dropping room occupancy rates.

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