Business

It is now the high inbound tourism season, but travel firms seem to be not too optimistic about the number of travellers.

Many Vietnamese shipping firms have been forced to sell their ships in order to cover mounting losses.

Facing a tough reelection fight, President Obama warned Europe's crisis could severely impact US recovery if Republicans balk at passing his $447 billion job creation plan.

Japan's Sony is nearing a deal to buy out Swedish telecom firm Ericsson's stake in their mobile phone joint venture, according to the Wall Street Journal.

SBV allowed five banks and Saigon Jewelry Co to reopen offshore gold trading accounts to help narrow the gap between domestic and international prices.

Vietnam will aim to keep the exchange rate stable until the end of the year, allowing it to move within a 1 percent band, the central bank said.

Transport Minister has culled the head of an airport terminal project’s management board due to the slow pace of construction.

The State Bank of Vietnam has requested that commercial banks slash lending interest rates for the production sector to from 17%-19% per year.

Vinpearl and Vincom, both owned by the Vingroup, have received approval to merge to heighten the group’s competitiveness.

Samsung Electronics said it would file for a sales ban on Apple's new iPhone with courts in France and Italy as the phone infringed its patents.

Only a handful of large airports in Vietnam are making profits, it was announced at a recent meeting.

EU nations are building a "co-ordinated" plan to recapitalise banks to avoid contagion from the debt crisis, the European Commission said.

Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam's once-hot property market has caught a chill.

The state-owned Electricity of Vietnam Group owes debts to PetroVietnam that have now surpassed VND10 trillion.

Apple shares slipped on Wall Street as they unveiled an updated version of the iPhone but not a transformative new model.

Eurozone banks deposited the biggest amount of overnight funds at the ECB so far this year, official data showed on Tuesday.

The International Telecommunication Union (ITU) has published a report ranking Vietnam number 81 in a development index.

A British firm has filed suit against three Vietnamese companies for infringement of intellectual property rights.

Apple's Tim Cook is expected to kick off his reign as chief executive on Tuesday by unveiling a hot new iPhone model that some analysts are predicting will be a bestseller.