Business

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.

Oil prices jumped Monday as the market was cheered by a Spanish banking bailout deal and easing Chinese inflation, traders said.

Nearly 800 foreign invested enterprises in HCM City are facing the risk of getting dissolved or having to stop operation because they cannot make the re-registration.

The State Bank of Vietnam will cap the annual lending interest rate for VND at 13% in four prioritsed economic areas.

A large number of farmers in Ben Tre province are rushing to chop down their coconut trees as selling the fruits seems nearly impossible.

The euro jumped against other major currencies in early Asian trade after the eurozone agreed to lend Spain up to 100 billion euros.

The IMF and US both praised a Eurogroup deal giving Spain a lifeline of up to €100 bn ($125 billion) to save its stricken banks.

While local businesses yearn for a tax cut to assist them amid the economic difficulties, Minister of Finance said taxes are unlikely to be cut.

The Vietnam Shipbuilding Industry Group has offered up their entire stake in 13 subsidiaries at a recent M&A forum.