Business

Spanish long-term borrowing costs jumped to record highs as investors turned increasingly sceptical about government efforts to stabilise a stricken banking system and the public finances.

The enterprises in the HCMC Hi-tech Park have complained they are facing too many difficulties in expanding business, while their products remain unreachable to customers due to the complicated procedures.

Many groups from the US are pouring investments into Vietnam, hoping to become the leading investor in the country.

The world's wealthiest individuals have stashed $21-trillion worth of assets in offshore tax havens, a report said.

The Consumer Price Index in major cities has continued to drop this month due to the impacts of falling prices and lower purchasing power.

Nasdaq OMX Group Incplans to pay out $62 million in cash to firms that lost money in Facebook Inc's bungled initial public offering in May.

The Ministry of Information and Communications will impose a ban on importing second-hand electronic devices.

Hanoi’s consumer price index (CPI) for July was 0.29 percent lower than that last months, but 4.64 percent higher when compared to the same period last year.

The lending interest rate of 15% per annum will be maintained for at least one year, said the State Bank of Vietnam Governor.

Various problems have slowed the development of an urban railway system to ease Hanoi's traffic.

Saigon Post and Telecommunications Services Corporation, will pay former S-Fone employees their severance packages.

Many enterprises have incurred losses and unfair treatment due to mismanagement of the petrol price stabilisation fund.

Cities and provinces in Vietnam have imposed different registration fees for the same models of pick-up vehicles, said the VAMA.

Japan's Honda Motor said Thursday it is recalling more than 320,000 vehicles worldwide because of a door lock defect.

China's President Hu Jintao said Beijing would offer $20 billion in new loans to Africa, underscoring the Asian powerhouse's growing links with the resource-rich continent.

Mobile phone service provider S-Fone has been accused by its employees of not paying salaries and social insurance.

Hanoi has spent hundreds of billions of VND on upgrading traditional markets, but they have failed to attract customers.

Fulfilling the commitments to cut down expenses made to the Ministry of Finance, a lot of state owned general corporations have unanimously cut down their workers’ wages.

The property fever in Hanoi’s Ba Vi District seems to have subsided, leaving many speculators in difficulties.