Business

Eurozone nations headed into fresh turbulence on Monday with alarm rising over a potential Greek default.

A number of economists have said that lowered deposit interest rates will shift capital into other investment channels.

The euro slumped in Asian trade Monday on deepening concerns over a possible default by Greece.

Panasonic has decided to make significant investments in Vietnam while other companies tend to leave for other countries.

Clouds may be gathering over the global economy, but auto makers are revving up to try and dispel any gloom with nearly 90 new models at the world's biggest motor show.

Greek Finance Minister Evangelos Venizelos on Sunday announced new budget cuts totalling around two billion euros.

The Vietnam National Oil and Gas Group inaugurated the first locally manufactured jack-up rig in Ba Ria-Vung Tau Province.

Malaysian firm JAKS Resources Berhad started construction on a 1,200-MW coal-fired power plant in Hai Duong on September 9.

US Ambassador to Vietnam David Bruce Shear has said that the top priority in his term of office is to boost economic ties between the two countries.

Vietnamese engineer Le Van Tach, who exposed technical faults in Toyota's manufacturing, said he would sue the company for unfair labor treatment and violating his correspondence privacy.

The Government Inspectorate announced an impending audit on Vietnam Shipping Line to assess its capital management.

The Ministry of Finance has recommended that the Road Maintenance Fund will not be funded by a tariff on petrol products.

State-owned Electricity of Vietnam Group is seeking approval from the Ministry of Industry and Trade to increase power prices.

G7 rich nations vowed tough measures Friday to get the global economy back on track but were short on detail and admitted the problems were so complex.

US financial giant Bank of America is considering cutting up to 40,000 jobs, the Wall Street Journal reported Friday.

The Report on Global Competitiveness 2011-12 by the World Economic Forum announced that Vietnam ranked 65th on the global competitiveness index.

Local manufacturing firms are struggling to liquidate their output as inventories of various kinds of industrial products are piling up quickly.

Hanoi authorities are seeking ways to reduce prices of low-income houses.

A series of European conferences and exhibitions on green business will be organised in Ho Chi Minh City next week.