Maersk Line, the world’s largest shipping container line, will launch direct service between southern Vietnam and the west coast of the US on May 12, the carrier said on its website.

Wood product exports rose 60 percent in the first two months this year to US$617 million as orders increased amidst a recovering global economy, according to the Ministry of Industry and Trade.

Vietnamese dong lending rates softened over the past week as banks competed to lure borrowers and fund surpluses grew, bankers said.

www.SAGA.vn - Nestle Vietnam has bucked the trend of rising prices for powdered milk by lowering the prices of a number of its products.

www.SAGA.vn - The US dollar and gold prices dropped sharply Thursday in Vietnam after the State Bank lifted a ban on gold imports in a bid to end a huge run-up in prices in recent days.

The State Bank of Vietnam has ordered branches nationwide to inspect lending and deposit activities at commercial banks to make sure they abide by interest rate regulations.

Vietnam’s first oil refinery, Dung Quat, is scheduled to receive new crude oil feed from Nam Rong-Doi Moi field this month, diversifying from Bach Ho oil, state oil group Petrovietnam said.

www.SAGA.vn - The Vinamilk Corporation has increased the retail price of its milk, powdered milk and yoghurt by 8 percent as of February 23.

Port operator DP World, part of the Dubai World conglomerate, said on Sunday it has opened a container terminal in Vietnam, as it looks to meet demand in the intra-Asia market and deep sea trades.

Vietnam and Cambodia will facilitate businesses to boost their investment in Cambodia and explore its potentials for home and export markets, said heads of two governments.