S&P downgrades credit rating of three Vietnamese banks
Global credit rating firm Standard & Poor’s has downgraded the credit rating of Vietcombank, Techcombank, and BIDV.
Boosting sustainable mining development in ASEAN
Vietnam welcomes investors in the mining industry and is completing legislation on minerals that is in line with other countries in the world, says Deputy PM Hoang Trung Hai.
Inefficient state-owned groups continue paying high salaries
State-owned corporations and groups in Vietnam continue paying high salaries, despite incurring losses.
1,300 state-owned enterprises to be restructured
Vietnam aims to restructure and renew more than 1,300 state-owned enterprises in the next five years, of which 573 will be equitised.
Bid to change EU treaty to fix debt crisis collapses
A bid to change the EU treaty to resolve the eurozone debt crisis foundered at a crunch summit on a British refusal to sign up.
PM urges measures to unfreeze real estate market
The Prime Minister issued a circular on managing the real estate market, which focuses on the measures to be taken to increase liquidity.
Difficult start for crunch EU debt summit
Divided EU leaders battled over treaty change Friday at a crunch summit on the debt crisis undermined by an ECB warning that there will be no big boost in rescue funding.
Overseas remittances to Vietnam rise again
The World Bank estimated that Vietnam's overseas remittances will reach nearly USD9 billion in 2011, slightly higher than the figure last year.
Las Vegas Sands mulls over tourism complex in HCM City
Las Vegas Sands plans to build a tourism complex in Ho Chi Minh City at a cost of more than USD2 billion.
EU scrambles to fix grand euro bargain
European Union leaders scramble Thursday to find a last-minute deal to save the euro at a crucial summit for a debt-laden currency union threatened with break-up.
Vietnam Airlines to increase domestic airfare prices
National flag carrier Vietnam Airlines said it will raise airfare for its domestic routes starting on December 15.
Christmas decorations on the rise
The market for Christmas decorations in HCM City this year has seen a whopping rise of 15% to 20% compared to last year.
Private airlines find it impossible to compete
The dissolution of two private airlines revealed the difficulties for smaller companies in competing in the country's civil aviation industry.
Credit warning gives EU summit last chance on debt
EU leaders were under intense pressure Wednesday to convince markets they can come up with a rapid rescue plan for the eurozone.
Donors pledge 7.38 billion USD to Vietnam
International donors have pledged 7.38 billion USD in official development assistance to Vietnam in 2012.
Ministry vows to tackle petrol fraud
Minister of Industry and Trade Vu Huy Hoang has decided to take on stricter measures to tackle fraud at petrol stations.
Gas shortfall may cost EVN trillions to turn on oil-fuelled electricity generation
The EVN Group may have to spend as much as USD856.7 million on oil-fuelled power generation next year.
Vietnam’s per capita income forecast to reach USD1,300
Vietnam is forecast to achieve a per capita income of VND27 million (USD1,300) this year, according to the Ministry of Industry and Trade.
Transport Ministry revokes private cargo airline license
The Ministry of Transport has decided to withdraw the business license of Trai Thien Air Cargo due to its failure to ensure operations.
Three Vietnamese banks set for dramatic merger
Three Vietnamese banks facing a liquidity crunch have decided to merge to form a larger bank, said State Bank Governor Nguyen Van Binh.
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