Business

Japan ready to help in euro crisis at G8 talks

Japan said that it stood ready to extend help in stemming the eurozone's debt crisis as the Group of Eight major industrialized nations opened crisis talks.

Substandard petrol moratorium could prevent vehicle fires

Scientists who took part in research to determine the causes of vehicle fires in HCMC have proposed removing 83 octane petrol from circulation for safety concerns.

Facebook falls flat in market debut

Facebook stumbled in its first trading day as shares ended barely above the starting price.

Greek euro exit looms as G8 gathers

World leaders will huddle at Camp David with the focus on Greece as it stumbles toward a possible eurozone exit.

National Assembly opposes tax exemptions

The National Assembly's Committee for Finance and Budget has turned down government's plans to exempt taxes and fees for 2012.

Vietnam's telecom market saturated

Dominated by Viettel, VinaPhone and MobiFone, the Vietnamese mobile market had over 116 million subscriptions at the end of 2011.

Gov’t to have more fiscal, monetary maneuverability in 2012

Vietnamese fiscal and monetary policies will likely be more maneuverable in 2012 as the country’s macroeconomic situation is stabilising.

Vietnam inks rare earth agreement with Japan

A memorandum of understanding (MoU) on mining and processing rare earth in northern Lai Chau province’s Tam Duong district was signed with Japan.

MIC takes a hard look at real estate projects

The Ministry of Construction has made plans to tighten regulations over the real estate market this year.

Bio-fuel use to be compulsory by 2015

Deputy Prime Minister Hoang Trung Hai ordered the Ministry of Industry and Trade to make the schedule to use bio-fuel compulsorily by next year.

New SBV Deputy Governor to fast-track restructuring plans

The PM appointed another deputy governor to the State Bank of Vietnam to accelerate restructuring in the banking sector.

New French government to take a pay cut

France's new government, gets down to work Thursday with the first order of business on their agenda being a pay cut for themselves.

VietinBank to sell more stakes by the end of the year

Vietinbank goes through with a deal to sell 20% more stake to a foreign partner in the fourth quarter, said the chairman.

PM to set a power price frame

The Ministry of Finance proposed that the Government sets the frame of retail power prices and forms a power price structure.

Bigger iPhone display: Why Apple has no choice

Does the next-gen iPhone's display size really matter? You bet, but size won't be the only big decision as Apple competes with Samsung, HTC, and others.

Gold falls below VND41 million

Price of gold in Vietnam sank below VND41 million a tael, the lowest level since late July last year while global price weakened due to concern over European sovereign-debt crisis.

Banks and state-owned enterprises pledge to cut costs

A total of 83 state-owned enterprises and four banks have promised to cut operating costs by VND13.242 trillion.

Viettel pours over USD400 mln into Mozambique

The military-run Viettel Group officially opened a mobile phone network named Movitel in Mozambique with an initial capitalisation of over USD400 million.