Asian markets slump after Fed hikes rates

Asian markets slump after Fed hikes rates

Tokyo led a rout of Asian shares on Thursday (Dec 20), mirroring big losses on Wall Street after the Fed defied unprecedented pressure from Donald Trump and raised interest rates, sparking fears the move could choke economic growth.
Stubborn economic woes hit on banks’ capital commitments.

Stubborn economic woes hit on banks’ capital commitments.

In their statements to the general annual shareholders meetings for 2012, most Vietnamese banks mulled hiking chartered capital to add financial heft and sharpen competitiveness.
Ministry announces petroleum products’ price hike

Ministry announces petroleum products’ price hike

The Ministry of Finance has issued a document revising the price of local petroleum products upwards starting at 4pm today.
Milk, cosmetic products to cost more from next month

Milk, cosmetic products to cost more from next month

Although consumer spending after Tet Lunar New Year is still relatively low in markets and retail stores across the country, milk and cosmetic producers are preparing to increase prices on many of their products from next month.
Official denies power price rises to subsidise EVN losses

Official denies power price rises to subsidise EVN losses

The Government would not approve any increase in power price in order to offset Electricity of Vietnam Group (EVN)’s losses from its non-core investment, said Deputy Prime Minsiter Vu Van Ninh.