Business

Incompetent banks should be left to go bankrupt in order to enhance the banking system’s efficiency, one agency said.

Foreign direct investment in China continued to fall in September, the government said, owing to persistent weakness in the global economy and a slowdown in China.

Vietnamese business investments in oversea markets reached nearly $1.3 billion in the first nine months of this year.

European Union leaders took a big stride towards establishing a single banking supervisor for the euro zone, agreeing it would enter into force next year, opening the way for the bloc's rescue fund to inject capital directly into ailing banks.

The Ministry of Construction is compiling a draft decree to loosen requirements for low-income earners to buy houses.

EU leaders at a Brussels summit agreed to create a single mechanism for overseeing eurozone banks that will be rolled out during 2013, according to diplomats.

The central city of Danang has attracted over USD152 million in foreign direct investment in the first nine months of the year.

Investment into the agricultural sector remains modest and has even seen annual decreases, an official has said.

National Assembly deputies discussed solutions to resolve the high level of unused housing stock on.

Five years after the release of the iPhone, there are now over a billion smartphone users worldwide.

A report on socio-economic development in 2012 and orientations for 2013 will be presented by the Ministry of Planning and Investment (MPI) at the 13th National Assembly’s fourth session next week.

The increasing popularity of illegally imported sugar threatens to put sugar mills in the Mekong Delta region out of business, says a local official.

Taiwan's Foxconn has confirmed it employed children as young as 14 at a plant in China.

The leaving of the giant Shell group from Vietnam has been attributed to the mismanagement of the gas market, where there is no room for authentic investors.

Japan's prime minister will instruct his ministers to plan for an economic stimulus of up to 1.0 trillion yen ($12.7 billion), reports said, as an election hovers into view.

The Government is considering a plan to delay the planned increase in the minimum wage for State officials that was set for 2013.

Microsoft's tablet with 32GB of storage will start at $499. Add the novel ultrathin keyboard, and the price jumps to $599.

Toyota Motor Vietnam has decided to recall 5,299 Toyota sedans nationwide to check if there is a faulty power window switch.

Despite low credit growth, many banks have attempted to attract deposits.