HCMC – The market fell sharply on Tuesday as investors fretted about high inflation given rising costs for the economy, with the VN-Index shedding a staggering 13.73 points, or 2.69% from the previous session to 496.29. The market dropped at the open as investors flocked to offload shares at low prices. Profit-taking pressure continued to rise and the index dropped further during the continuous... 

HCMC – Traditional markets in HCMC are under the menace of shrinking shares as they were outperformed by modern stores like supermarkets during the Tet holiday, as seen in the fast-growing purchasing power at such facilities, officials said at a review on Tuesday. The purchasing power of most traditional markets in HCMC during the Lunar New Year contracted by 10% compared to the last Tet while revenue... 

Vietnamese tra and basa fish exports to Russia, which started in 2009, have risen steadily in recent months and are expected to fetch US$100 million in revenue in 2010, according to the Ministry of Agriculture and Rural Development. Ministry official Duong Ngoc Minh says Russia is likely to become one of Vietnam’s top 10 markets for sea food exports, offering even higher prices than European markets. Experts... 

The Singaporean airline SilkAir announced it will run another flight between Da Nang and Singapore every Saturday from March 28. With the additional flight, the airline will operate 4 flights a week on Monday, Wednesday, Friday and Saturday. To mark the event, SilkAir has offered visitors a discounted price from US$160 for return tickets on the route. Visitors can book tickets online at SilkAir.com... 

The Vinamilk Corporation has increased the retail price of its milk, powdered milk and yoghurt by 8 percent as of February 23. Its Ong Tho (Longevity) condensed milk now priced at VND797,280 per case (VND16,610 per can) while Flex fresh milk is VND231,000 per case. The 400gr can of Alpha powdered milk (Step 1, Step 2, Step 3 and Step 123) jumped by VND4,000 while the 900gr can rose by VND8,000. Some... 

HCMC – Doosan Heavy Industries Vietnam (Doosan Vina), which operates a plant in Dung Quat Economic Zone in central Vietnam, on Monday shipped two rail mounted quayside cranes (RMQC) and five rubber-tired gantry cranes (RTGC) to Indonesia. The shipment was made under a contract with PT Pelebuhan Samudera Palaran (Indonesia) with each RMQC worth US$5.3 million and each RTGC worth US$1.37 million. The...