Business

Oil prices rose amid rumors of an attack on Syria's embattled leader and as Tropical Storm Ernesto appeared to grow into a hurricane.

Deputy PM has agreed in principle to make rules easier for businesses to import automobiles. This follows 12 months of difficulties regarding import conditions.

Authorities in Long An Province have cancelled many projects that have failed to progress and returned some 500 hectares of land that they have previously revoked from farmers to its original owners.

A circular stipulating the procedures and conditions for establishing 100% foreign owned securities companies is expected to come out after September 15.

Companies which mainly buy coal from Vietnam National Coal and Mineral Industries Group still owe it a total VND2 trillion.

Small and medium-sized enterprises will be entitled to a 30 percent cut on corporate income tax this year.

Vietnamese banks should classify depositors to prevent money laundering, said economist Nguyen Tri Hieu.

President Barack Obama slammed Mitt Romney's "fairy dust" tax cuts, claiming his millionaire Republican foe would swell his own wealth while sticking the middle class with the bill.

The Bank of Investment and Development has allowed Long Son JSC to sell its Venture Dock 2 floating dock to settle its debts.

Banks plan to expand credit in the second half by slashing interest rates and offering preferential loans to companies.

It remains difficult for petrol companies to compete although they have started to set their own prices.

More than 400 domestic and foreign delegates attended the Vietnam CEO Summit 2012 titled “Corporate restructuring: Case Studies and Good Practice for Vietnamese Enterprises” in Hanoi.

The Government has issued a decree on a 30% reduction in corporate income tax in 2012 for many SMEs.

Tax payers' joy fade away when the application date for the personal tax law amendment is exactly one year away.

Business confidence returned to Vietnam in the second quarter of 2012, according to the latest Grant Thornton International Business Report.

The United States and 16 other nations renewed their "strong opposition" to a controversial EU carbon tax on airlines, vowing to work for a multilateral global solution.

Tokyo Electric Power's chief vowed "nothing was sacred" in his bid to chop costs as the operator of Japan's crippled Fukushima nuclear power plant posted a $3.68 billion quarterly loss.

PM Nguyen Tan Dung requested the state bank to focus on dealing with bad debts among commercial banks.

Since Chinese traders have stopped purchasing, lobsters are being offered at cheap prices on HCMC streets.