Politics

US Congress members concerned over redefinition of "catfish"

Senator Dianne Feinstein and Congresswoman Lucille Roybal-Allard have expressed "serious concern" regarding a proposed rulemaking that is currently pending before the Office of Management and Budget (OMB) that would have a damaging impact on the US state of California.
ASEAN trade officials seek stronger ties with US World

ASEAN trade officials seek stronger ties with US

Senior trade officials from eight member countries of the Association of Southeast Asian Nations, known as ASEAN, began a visit to the US on May 2 with the aim of enhancing the bloc’s trade relations with the world’s largest economy.
World

BRIC nations call for reform of global financial system

The leaders of Brazil , Russia , India and China (BRIC) concluded a summit in the Brazilian capital of Brasilia on April 15 with calls for urgent reforms to the global financial system, including the voting powers at the World Bank.
China's first-quarter GDP grows by 11.9 percent World

China's first-quarter GDP grows by 11.9 percent

China's gross domestic product (GDP) has grown by 11.9 percent year on year in the first quarter of this year to 8.06 trillion CHY (1.19 trillion USD), reported the National Bureau of Statistics (NBS) on April 15.
Politics

Petroleum giant urged to match regional rivals

Deputy Prime Minister Nguyen Sinh Hung has asked the National Oil and Gas Group, PetroVietnam, to catch up with regional and even international rivals in finance, human resource and technical standards.
World

ASEAN-China free trade area kicks off

The world’s largest free trade area between China and the Association of Southeast Asian Nations (ASEAN) became operational from January 1, 2010.
Business

Vietnam records positive economic growth in 2009

Vietnam’s economic performance in 2009 has been highlighted by its positive growth, stable inflation rate, high industrial output and success in attracting foreign investment despite the negative impacts of the global economic crisis. 

According to the Ministry of Planning and Investment, the gross domestic product (GDP) is expected to expand by around 5.2 percent, 0.2 percent higher than the target set by the National Assembly, the lowest growth for many years.
World

IMF advises Cambodia during recession

The International Monetary Fund (IMF) on Dec. 8, called on Cambodia to strengthen its banking system to minimise loss from the impacts of the global economic crisis.