Business

Price of gold in Vietnam sank below VND41 million a tael, the lowest level since late July last year while global price weakened due to concern over European sovereign-debt crisis.

A total of 83 state-owned enterprises and four banks have promised to cut operating costs by VND13.242 trillion.

The military-run Viettel Group officially opened a mobile phone network named Movitel in Mozambique with an initial capitalisation of over USD400 million.

Amid signs of strong investor demand, Facebook boosted the share price estimate for its stock market debut.

A new report revealed maladministration and possible corruption in several projects funded by government bonds.

HCM municipal authorities have requested repairs to all petroleum stations built prior to 2007 in order meet required national standards.

Luxury houses and apartments are being leased for much less now that the real estate market is in a slump.

Euro chief Jean-Claude Juncker hit out at speculation over a Greek exit from the eurozone, saying currency partners affirmed their "unshakeable desire" to keep Athens in the club.

Vietnam may struggle to realise its economic growth target of 6.5% as the economy is predicted to grow by 4.5% in the second.

Debt extensions for businesses will only prolong the existence of incompetent businesses, an economist said.

Don't let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO.

Yahoo! boss Scott Thompson stepped down in the face of controversy about his allegedly inflated resume, leaving the struggling Internet pioneer seeking its sixth CEO in five years.

Businessmen are giving gifts including shares and land often to influence company ownerships or valuations.

The Vietnamese currency, the Vietnam dong, is increasing in value, said a research team of the Institute for Financial Strategies and Policies under the Ministry of Finance at a recent conference.

China's central bank cut the amount of cash that banks must hold as reserves on Saturday

Experts have warned that since the brands have been built up in a too simple way, they would not survive for a long time.

Fitch Ratings has affirmed Vietnam's Foreign- and Local-Currency Issuer Default Ratings at 'B+'.

Vietnam gained a year-on-year increase of 99.5 percent to 26.4 million USD in tuna export value to Japan for the first quarter.

The Vietnamese motorbike market has experienced a slump since the end of last year and the situation is predicted to be even worse in the coming months.