Business

Electronics and manufacturing giant Toshiba said Wednesday it is to shut three semiconductor factories in Japan as part of a reorganisation of its business.

The Vietnam Report Company has announced the list of Vietnam's 500 largest enterprises in 2011 with PetroVietnam at the top.

Eurozone finance ministers turned to the IMF for more help to keep the monetary union together after they missed their goal of boosting their own bailout fund to one trillion euros.

People holding gold bullions of brand names other than that of Saigon Jewelry Co can exchange their precious metal for SJC gold bullions at equal price, the State Bank said.

The Transport Minister has selected four key projects for inspection to uncover the reasons for their poor implementation.

A slowdown in the global economy is set to hit emerging giants China and India, while Japan is still set for a rebound, the OECD said.

Airlines in Vietnam are finding it difficult to recruit pilots despite offering a monthly salary of VND150-200 million.

The International Monetary Fund denied it was holding talks with Italy about a financial aid package to prop up the European country's economy.

Disbursement of foreign investment exceeds $10 billion during the first 11 months of this year, said the Foreign Investment Agency.

Belarus Prime Minister Mikhail Myasnikovich will pay an official visit to Vietnam from November 28 to December 1, opening up new cooperation opportunities for both countries.

Retail sales on Black Friday hit a new record for the start of the holiday shopping season, according to early estimates.

New audit results show that Petrolimex has been profitable for three consecutive years, which contradicts the company's claim that they have been losing money.

The lackluster real estate market has not only made real estate developers suffer, but has also made trade floors redundant.

Retail power prices will be increased by between 10%-15.6% in 2012, said Finance Minister Vuong Dinh Hue.

The trade deficit continued its down-turn, falling to $8.9 billion in the first 11 months of 2011, a year-on-year decrease of $1.7 billion, the General Statistics Office said.

The State Bank Governor admitted that lax management had resulted in violations of the 14% ceiling deposit interest rate.

The consumer price index (CPI) in November rose 0.39 percent against last month, representing a year-on-year increase of 19.38 percent, the General Statistics Office (GSO) announced on Nov. 24.

The Ministry of Planning and Investment will submit draft criteria needed for companies to be called ‘group’ or ‘corporation’.

The wage gap is widening as company bosses pocket pay hundreds of times higher than their staff, a report revealed.