Business

Around USD1.4 billion will be needed to build a new Hanoi-Lang Son expressway, with USD500 million in support from the Asian Development Bank.

Several securities companies have halted operations or changed addresses without notice as a result of a lingeringly gloomy market.

2012 will be a good year for real estate investors despite the difficulties on the horizon, said real estate service firm CBRE.

The World Bank (WB) will provide Vietnam with financial and technical assistance to restructure State-owned enterprises, said WB Country Director Victoria Kwakwa.

Vinashin still owes VND292.148 billion in unpaid debts to the Vietnam Development Bank as of January 31.

Some big banks have started to lower interest rates and more banks are expected to follow suit to cut interest rates by around 1%.

At least 15 major transport projects will be carefully audited for the quality of their management and construction.

The annual value of mobile phone and components exports of Vietnam is forecast to reach USD12 billion by the end of 2012, according to the Ministry of Industry and Trade.

Low-income people who want to buy their own house need support in saving and the establishment of a fund would be vital, an official has said.

People registering for unemployment benefits in HCMC is on the rise, even among those who worked in high-level positions.

Due to inefficiencies related to the country's 3G mobile service providers, the licence for the more modern 4G service will be put on hold until around 2018, experts have said.

While a large number of enterprises in Vietnam are struggling, a number of large corporations have earned large profits.

The central bank offers a money exchange to traders for burnt currency from the fire at Quang Ngai Market, an official said.

State-owned enterprises are being compelled to intensify restructuring in 2012, said Minister of Finance Vuong Dinh Hue.

Eurozone finance ministers put a new Greek bailout on hold after Athens failed to meet conditions set by lenders.

The Bank of Japan further eased monetary policy, increasing its asset purchase programme by 10 trillion yen ($130 billion) to about 65 trillion yen, as it looks to end deflation.

Almost all hourly-rate hotels in Hanoi have taken advantage of Valentine’s Day demand to raise their rates.

Moody's chopped the debt ratings of nine EU countries, saying they were increasingly vulnerable to the eurozone crisis.

A project to expand Tuy Hoa Airport in the central province of Phu Yen was officially launched during a ceremony held by the Ministry of Transport.