Business

A European Union embargo on Iranian oil went into effect, provoking anger in Tehran which says the measure will hurt talks with world powers over its sensitive nuclear activities.

Inflation has been tamed, macro-economy has stabilized and growth is moving up the slope, official statistics show.

Vietnam and Thailand have agreed to work towards signing of a mutual recognition agreement on control and supervision of quality and hygiene safety of aquatic products.

A judge granted Apple's request for an injunction blocking US sales of Samsung Galaxy Nexus smartphones to challenge the iPhone.

Some experts have objected to the 5% power price hike taking effect July 1 as they say it could lead to considerable burdens for consumers and the corporate sector.

World stock markets surged, the euro and oil prices jumped after a key EU summit delivered measures to fight the debt crisis.

Hanoi authorities are encountering troubles when trying to upgrade deteriorated traditional markets.

Leaders from the 17 countries sharing the euro sealed a dramatic deal to direct emergency measures at crisis-hit Italy and Spain and boost the embattled economy.

Export businesses must be better prepared to cope with the increasing number of anti-dumping and anti-subsidy lawsuits filed by export markets, experts have warned.

The State Bank of Vietnam has asked card issuers not to collect ATM transaction fees from their own customers this year.

The Ministry of Agriculture and Rural Development discussed on what should be done to assist catfish growers and exporters in Mekong Delta provinces.

The first International Exhibition of Construction Technology 2012 opened by the Ministry of Construction will run until June 29.

Gas prices in Vietnam are expected to drop further due to lower prices in the world market.

The SBV has forecast credit growth will increase to 12-13% and will continue increasing despite negative rumours.

Vietnam and the European Union are officially negoting a bilateral free trade agreement.

Disbursement of foreign direct investment experienced a modest increase of 2% during the first half of this year, reaching $5.4 billion, said the Ministry of Planning and Investment.

President Barack Obama has allowed the US Export-Import Bank to loan the VNPT US$125.9 million to buy a US-made communications satellite, announced the White House.

The MIC is seeking PM’s approval for a fund to provide low interest rate loans for affordable housing to help low-income families.

An expert proposed that banks act as intermediaries through contracts between home buyers and project investors.