Business

Hewlett-Packard said it plans to cut 27,000 jobs, or eight percent of its global workforce, by 2014 in a major restructuring effort for the computer giant.

France and Germany crossed swords over how to spur growth in the debt-stricken eurozone at the EU summit.

Quang Ninh decided to halt two real estate projects by PetroVietnam for the slow pace of construction.

Retail prices of petrol and oil in Vietnam were down by VND300 – 600 a liter, according to the Ministry of Finance’s circular No 216.

Vietnam is expected to gain an economic growth rate of 5.7% and inflation rate to decline below 10% in 2012, the World Bank says in its latest report.

China's economic growth will continue to ease, presenting Beijing policy makers with the challenge of preventing an abrupt slowdown, the World Bank said.

Poorly constructed apartment buildings in Hanoi and HCM City have become a danger to tenants.

One of the most effective channels for laundering money in Vietnam is through the real estate and securities markets, one official said.

Europe came under mounting pressure to take action to boost growth as the OECD warned that the eurozone crisis has worsened.

The government may continue to regulate power prices instead of handing over the entire decision to the state-owned EVN.

Rises in petrol prices and minimum wage have been the main reasons for the increase in CPI in May, economic experts said.

US President Barack Obama pressed eurozone governments to improve their coordination to combat the debt crisis, adding that the trouble in Greece has an impact on the US.

The Ministry of Finance is mulling over a plan to lower retail petrol prices as petroleum traders are making profits of VND1,700 per litre.

From April 2007, Vietnam's banking industry has turned to a new phase when the nation fully joined WTO and more international financial institutions become strategic shareholders at local banks.

Vietnam's aviation sector is growing rapidly, according to Lai Xuan Thanh, deputy director general of the Civil Aviation Administration.

As many as 28% of European enterprises are looking to reduce their investment in Vietnam, up from 24% last quarter and 8% in early 2011.

Lawmakers are asking the government to draft a new scenario for the national economy, as the economic slowdown is looming large and the 6-6.5 percent GDP target set for this year is unlikely to be met.

When looking at Decision 71 on regulations for pilot investment under the form of Public-Private Partnerships in Viet Nam, investors found it difficult to join.

Moody's Investors Service has placed the B2 deposit and issuer ratings of SHB on review for a possible downgrade.