Business

PetroVietnam will focus on five core business areas and withdraw from others, according to the group’s restructuring plan.

The merger of two large mobile service providers Vinaphone and Mobifone became a hot topic at a conference held in Hanoi.

Apple introduced a new iPhone 5 with a bigger screen and slimmer body that analysts quickly branded a sure hit for the tech giant.

Europe moved a step closer to a banking union with a plan for the European Central Bank to supervise all euro zone banks, a cornerstone of closer fiscal integration designed to end years of financial turmoil in the region.

The authorities is looking into claims that petrol stations have been hoarding gasoline after hearing rumors about a price increase.

Dutch voters could change their country's course in tackling the debt crisis when they elect a new parliament in a test of whether European voters have the stomach to continue with stringent austerity measures.

Commercial banks will be hard-pressed to meet the 8-percent credit growth target in the second half of the year, said a National Advisory Council for Financial and Monetary member.

Mark Zuckerberg hasn't enjoyed seeing Facebook's stock get pummeled on Wall Street, but he is relishing the opportunity to prove his critics wrong.

The two ministries of Finance, and of Industry and Trade has decided to reduce the import tax rate for petrol and oil instead of increasing petrol and oil retail prices.

Crude oil prices rose as investors awaited US Federal Reserve policy meeting and a German court ruling on a eurozone rescue fund.

Temporary-import goods can now only be kept in Vietnam for 45 days before they must be re-exported. One 15-day extension is allowed.

The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy.

The country's textile and garment sector achieved a trade surplus of 5.3 billion USD in the first eight months of 2012, a year-on-year increase of 24 percent.

The supreme court panel is expected to deliver its ruling on whether German participation in a permanent bailout fund is constitutional.

Many moon cake shops in HCM City which have opened for more than two weeks, have had a hard time with sales.

A number of petroleum wholesalers proposed a price hike of VND1,300 per litre of perol to the Ministry of Finance.

Vietnamese and Russian officials signed the Proceedings on the impact of the Free Trade Agreement between Vietnam and the Tariff Alliance.

Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000 per kilogramme.

The leaders of the three parties in Greece's coalition government failed to agree on a package of spending cuts worth €11.5 billion ($14.7 billion).