Business

The State Bank of Vietnam has given the final approval for the merger between SHB and Habubank.

Dung Quat Oil Refinery ceased operations on August 8, the second time this year, due to technical faults.

Enterprises in HCMC are to spend huge money on the annual promotion month with hope of stimulating consumer spending.

France is headed back into recession for the second time in just over three years, the country's central bank warned.

While brick-and-mortar shops and restaurants face a slump, street-side stalls in Hanoi continue to earn profits.

The General Department of Taxation said that nearly 47,000 businesses were established in the first seven months.

Exports totalled $62.9 billion in the first seven months of the year, according to a report presented at an online meeting held by the Ministry of Industry and Trade.

Banking giant Standard Chartered on Tuesday rejected a US regulator's claim that it hid $250 billion in transactions with Iranian banks in violation of US sanctions.

Oil prices rose amid rumors of an attack on Syria's embattled leader and as Tropical Storm Ernesto appeared to grow into a hurricane.

Deputy PM has agreed in principle to make rules easier for businesses to import automobiles. This follows 12 months of difficulties regarding import conditions.

Authorities in Long An Province have cancelled many projects that have failed to progress and returned some 500 hectares of land that they have previously revoked from farmers to its original owners.

A circular stipulating the procedures and conditions for establishing 100% foreign owned securities companies is expected to come out after September 15.

Companies which mainly buy coal from Vietnam National Coal and Mineral Industries Group still owe it a total VND2 trillion.

Small and medium-sized enterprises will be entitled to a 30 percent cut on corporate income tax this year.

Vietnamese banks should classify depositors to prevent money laundering, said economist Nguyen Tri Hieu.

President Barack Obama slammed Mitt Romney's "fairy dust" tax cuts, claiming his millionaire Republican foe would swell his own wealth while sticking the middle class with the bill.

The Bank of Investment and Development has allowed Long Son JSC to sell its Venture Dock 2 floating dock to settle its debts.

Banks plan to expand credit in the second half by slashing interest rates and offering preferential loans to companies.

It remains difficult for petrol companies to compete although they have started to set their own prices.