Business

Europe on Tuesday sets out long-awaited proposals to regulate credit rating agencies whose assessments are considered to have played a key role in the sovereign debt crisis.

The main reason is enterprises paying more for social insurance when the new minimum wage requirement came into effect from October 1.

The US urged Asia to do more to stimulate global growth to offset the eurozone crisis, ahead of a summit in Hawaii where Washington is seeking to shape the rules for the Pacific region.

The Civil Aviation Authority of Vietnam is investigating a Vietnam Airlines’ pilot that allegedly falsified his flight hours, an official said.

The Vietnamese National Assembly has approved VND59.3 trillion for salary increases in 2012.

Asian stock markets slumped amid a surge in Italy's borrowing costs fuelling global anxiety about the future of the euro.

Over 90% of NA deputies voted for the country’s socioeconomic development plan for 2012 that targets an inflation rate of less than 10%.

The Ministry of Industry and Trade is looking for the most suitable time for a coal price increase after Vinacomin proposed a hike for next year.

Japanese police launched an investigation into the financial scandal engulfing Olympus Corp as a major investor joined increasing calls for a wholesale clean-out of the board.

Asian central banks have started slashing interest rates amid the prospect of a eurozone on the brink of catastrophe.

It is hard for local car industry to attract more foreign investment even when Asia’s major car manufacturing base Thailand is hit by floods.

International Monetary Fund chief Christine Lagarde warned the world was at risk of plunging into "uncertainty and financial instability".

Deputy Prime Minister Hoang Trung Hai has called for plans for the a competitive electricity market.

Land prices in Hanoi and HCM City are equivalent to 80 years of rental costs, the World Bank has said.

Import and export costs in the Asia-Pacific region fell five percent between 2006 and 2010, resulting in savings of nearly $60 billion.

A National Assembly official has explained how tax collection increases in the time which is considered the most difficult period for businesses.

Japan will help Vietnam to enhance its national system of agro-fishery production and safety inspection techniques.

Cities and provinces nationwide are set to reserve a significant volume of essential goods and foodstuff to serve consumers during the upcoming Tet Holiday.

New rules will make it tougher for underperforming enterprises to raise capital on the bond market.