Business

“The Government has only implemented part of the solution to save the economy by reducing interest rates to 9%,” an expert said.

The Ministry of Finance has decided to lower petrol prices by VND300-VND700 per litre, the fourth cut so far this year.

The Southeast Asian economy is projected to achieve a growth rate of 6.5% in 2014 to rank 22nd among the 29th fastest growing economies in the world.

A full-blown bailout for Spain is all but inevitable as it has lost control of its debt crisis, despite Madrid's insistence that it does not need rescuing.

While many businesses face financial hardship some of the more unique parts of the service industry have been faring quite well.

Company executives are biting the bullet and sharing in their staff’s cash woes due to the difficulties their companies are facing.

Hanoi ’s CPI in June fell slightly by 0.17 percent against last month, but rose by 6.32 percent compared with the same period last year, according to the Hanoi ’s Statistics Office.

Cement companies are facing numerous difficulties, leading many to halt operations or close.

Low-income houses will be occupied if the buyers or renters do not move in within three months.

European leaders scrambled to buy themselves time in the battle to save the eurozone, promising their G20 partners they would integrate their banking sector.

Since the SBV started to lower the interest rate, many banks have also lowered their lending rates, fueling the real estate market.

Nearly 50 Italian and Vietnamese businesses attended a seminar entitled “Vietnam in Umbria”.

The PM issued instruction on the socio-economic development plan and budget estimates for 2013.

The pilot system for street trading requiring the use of listed prices in Hanoi seems not to have been effective.

Hotels in HCM City are struggling with lower occupancy rates, said a report of the local Department of Culture, Sports and Tourism.

Lax management of the local securities market is creating opportunities for investors to violate the law.

After searching for months for cash, the IMF looks able to firm up a huge emergency "firewall" fund for crisis prevention after China said that big emerging economies would chip in.

There are 12 public companies holding over VND1 trillion (USD47.6 million) in cash, but most of them are also big debtors.

The euro soared in early Asian trade after Greece's two pro-bailout parties clinched enough votes to form a government.