Business

The head of WTO warned against growing Asian protectionism and said the region would not escape the impact of economic woes across the globe.

Due to market slump, several real estate investors have abandoned projects to lease their land for football to earn money.

State-owned enterprises in Vietnam had amassed a combined debt of over VND415.347 trillion to banks by September 2011.

The State Bank has proposed that credit institutions have at least five years of operation before making a merger.

Several international airlines are flocking to Vietnam amid an estimate that the country would become the world’s third fastest growing market by 2014.

The European Commission will set out its strategy for the euro zone, spelling out measures to balance growth with unpopular fiscal consolidation that will be pointed for Spain and Italy.

The US Department of Commerce announced its preliminary determination in the anti-dumping duty investigations into imports of welded carbon steel pipes from India, Vietnam, Oman and the United Arab Emirates.

Japan and China will start direct currency trading, marking the first time China let a major unit other than the USD swap with the CNY.

During first four months 2012, HCMC Tax Agency received 7,000 applications for personal income tax refunds, more than double last year’s figure.

Some small power plants have been complaining about being squeezed by EVN, claiming that they are taking losses.

Asia's biggest wine and spirits fair opened, giving the world's top producers from France to Argentina a chance to tap the booming but still relatively new Chinese market.

Vietnam earned 2.3 billion USD from agro-forestry and aquatic exports in May, up 10.1 percent against the corresponding period last year.

While the Ministry of Planning and Investment is building up a list of key FDI projects in the 2011-2015 period, local authorities still argue about the way of approaching the issue.

Many small enterprises in Hanoi have opted to move their offices to homes due to economic difficulties.

Political leaders in Athens and thousands of internet users rounded on the IMF chief for branding Greeks tax-dodgers, as parties went on the campaign trail for next month's elections.

The Government aims to develop the country's coastal tourism sector into one of the top in the region by 2030, rivalling sea and coastal tourism in Thailand, Malaysia and Indonesia.

Gold traders have 6 months to trade gold bars freely before being compelled to conduct the transactions at stores licensed by the SBV.

The State Bank of Vietnam announced that it would cut interest rates in a bid to revive the country’s struggling economy.

The State Bank of Vietnam has yet to issue any directive on recalling the VND coins, deputy director of the SBV’s branch in Ho Chi Minh City has confirmed.