Business

The governor of the State Bank of Vietnam has given approval in principle to the merger of Habubank and SHBank.

Vietnam will face many obstacles in exporting its goods, especially steel products, machinery, equipment, organic chemicals, meat and plastics.

A floating dock valued at around USD11.5 million have been left unused at Cam Ranh Bay, Khanh Hoa Province, since August 2008.

State-owned enterprises find it hard to provide restructuring plans because their auxiliary businesses are often more profitable than core operations.

Local banks have been competing to attract customers by raising deposit interest rates for terms of 12-months and more.

Trade turnover between Vietnam and the Republic of Korea (RoK) was US$18.5 billion in 2011, and is likely to reach over US$20 billion by the end of this year.

To assist troubled enterprises, the Hanoi Tax Department said it will cut USD245 million of taxes for small and medium enterprises.

The Minister of Industry and Trade answered NA deputies' questions on the monopolies of electricity and petroleum.

A government report has confirmed that Vietnam National Shipping Lines’ (Vinalines) debts are much greater than its charter capital.

Spain's borrowing costs shattered euro-era records Thursday after Moody's downgraded its debt close to junk-bond status and warned of a growing risk of a full-blown bailout.

Finland's Nokia announced that it planned to cut up to 10,000 jobs by the end of next year due to massive additional cost-savings measures.

Following the sharp cut in the deposit interest rate ceiling to 9 per cent, a fierce battle has broke out between banks to retain deposits, with many illegally offering higher rates.

HCM City's Department of Industry and Trade is to study solutions to stop the construction and operation of unlicensed markets.

Lawmakers in the National Assembly have agreed that tax cuts and exemptions would help ease production and business difficulties sweeping the nation.

Experts have proposed tightening State management of retail gas prices because domestic prices do not reflect the fall in international prices.

Spanish borrowing costs have soared to a euro-era record high on a market beset by doubts over a vast rescue loan for the country's banks and by fears of a Greek exit from the eurozone.

Inspectors in Tien Giang Province initially concluded that Dong Tam Water Corporation violated three laws and caused losses of at least USD7.92 million.

The low yields of traditional investment channels have left Vietnamese people looking for a place to keep their money.

Between 20-30% of tra fish processing and exporting companies are on verge of bankruptcy due to a shortage of capital.