State-owned PetroVietnam's upstream arm, PVEP, plans to invest $16.5
billion in upstream oil and gas operations in 2011-15, PVEP's director
general Do Van Khanh said Monday. SEE MORE HA NOI — Electricity prices may rise by between 5
and 10 per cent, if a proposal by the country's power provider
Electricity of Viet Nam (EVN) is approved. SEE MORE Options traders are the least bearish
on Asian currencies versus the dollar in a year as confidence
builds that China will avoid a so-called hard landing, helping
lure funds as Europe’s debt crisis deepens. SEE MORE East Asian nations announced Thursday they have doubled the money in a
regional currency swap pact to $240 billion in an effort to shield
themselves from the European debt crisis. SEE MORE Financial crisis in Europe could escalate and along with slow
recovery in the US, this year will be crucial for global economy but
Asian nations must continue long term structural reforms while
insulating the region against the troubles, ADB said. SEE MORE