Business

The volume of overseas remittance to Vietnam is forecast to hit $8.5 billion this year, according to the State Bank of Vietnam.

South Korea's second largest automaker Kia Motors said Wednesday it would build a new plant in China to meet growing demand in the world's fastest-growing car market.

Many real estate companies have reported incurring losses due to the country’s moribund real estate market.

Embattled Greek Prime Minister George Papandreou called for a confidence vote and a referendum on last week's EU debt deal.

While many Vietnamese fruit companies are still transporting their fruits to China’s border gates to wait for customers, some have done differently.

The State Bank is seeking Government approval for a draft decree to tighten control over gold bar production and trading.

The Vietnam Energy Association proposed regulation changes that lessen power contracts granted to inefficient Chinese companies.

The PetroVietnam Power Land JSC has announced a price discount of 35% on apartments to ease its financial pressure to repay bank loans.

Japan on Monday intervened in currency markets for the first time since August to weaken the yen.

The consumer price index is set to inch up 0.2-0.3 percent over last month, according to the Domestic Market Management Board.

Hanoi Telecom Corporation is seeking Ministry of Information and Communications intervention so that it can acquire half of the third generation (3G) bandwidth held by EVN Telecom.

The current minimum wage can only cover about 65% of labourers’ basic living standards, according to a new survey.

Even though Vietnam's debt is expected to equal 58% of the GDP by next year, the Finance Minister said, "this is nothing to worry about."

Petrol stations found cheating customers will have their business licences revoked under a new draft decree.

Vietnam is a promising market, particularly in information technology and communications and its demand for cloud computing is increasing fast, said Intel Vietnam General Director.

More innovation in the Government's thinking on public investment has been called for to increase efficiency of public projects.

The national Index of Industrial Production rose by 5.2 percent in October, the General Statistics Office has reported.

There are no formal negotiations with China about investing in the European Financial Stability Facility, the head of the bailout fund said.

Months of rolling strikes have cost Australian flag carrier Qantas Aus$68 million ($70 million), far more than the damage wrought by the grounding of flights by recent volcanic ash clouds.