Business

Italian PM Mario Monti urged a united response against the debt crisis after Italy scraped through a key bond auction test.

Vietnam had export turnover of USD94.8 billion as of December 25, a record-high and an increase of 35 percent over last year, according to Vietnam Customs.

The banking system will develop credit card payment services with the aim of reducing the quantity of cash in circulation to 11 percent by 2015.

16,100 workers in Hanoi registered for unemployment benefits in the first 11 months of the year, up almost 4 fold from last year.

Eurozone banks deposited a record amount of overnight funds at the European Central Bank, official data showed as banks remain extremely wary of lending to each other.

The State Bank's governor granted a license for the newly-merged SCB which starts operation from Jan 1, 2012.

Vietnam earned $6 billion from seafood exports this year, according to the Vietnam Association of Seafood Exporters and Producers.

Several State-owned enterprises used State funds to hand out large payments to their top employees, an expert said.

A foreign-invested enterprise in HCM City will pay a New Year 2012 bonus of $33,300 per employee this year, the highest rate among the businesses that have announced their bonus plans.

The Ministry of Finance decided to keep petrol prices unchanged, but lower the collection for the petrol price stabilisation fund.

Export of Tet specialties to serve overseas Vietnamese has dipped in volume this year because of the economic downturn.

The Vingroup's Chairman is still the richest investor on the Vietnamese stock market, with assets of more than VND17 trillion.

Brazil has overtaken Britain as the world's sixth largest economy, a London-based research group said.

Since Vietnam and Japan have yet to sign any agreements to officially import Kobe beef, any shipments of the luxury beef caught entering Vietnam will be destroyed, said an official.

Vietnam's trade deficit this year was the lowest in the past 10 years, reaching just over $9.5 billion, the General Statistics Office reported.

A wind power plant is expected to be built in the central province of Binh Dinh in the first quarter of 2012.

The Da Nang International Airport in the central coastal city of Da Nang put a new terminal into service on Dec. 25, after four years of construction.

The Long Bien Vincom Centre, a commercial complex developed by Vingroup, officially opened to the public on December 24.

A total of 16,238 investors have registered to buy shares in the BIDV, the country’s second-largest lender by assets.