Business

Vietnam and the UK have vowed to continue strongly promoting bilateral economic, trade and investment cooperation, describing it as the key area of their cooperation.

The IMF said the Vietnamese Government’s macroeconomy stabilising policies have started to yield high effect, with quickly decreasing inflation, trade deficit and pressure on VND.

Financial institutions must consider slashing interest rates on loans for households and enterprises in economic difficulties.

Many banks have recently met with serious obstacles in promoting lending despite abundant liquidity and continuously cutting interest rates on loans.

Chinese companies have taken part in four M&A deals, worth USD749 million, in Vietnam last year, a recent report said.

The State Securities Commission will inspect six securities companies over doubts that they haven't followed financial regulations.

The country is estimated to face a trade deficit of USD200 million in the first four months of the year, equal to 2.3% of the country's total export value.

Vietnam's total retail market is forecast to grow 23% annually til 2014, offering opportunities for both domestic and foreign retail businesses, AT Kearney reported.

VimpelCom Group said it would sell all of its 49% stake in Gtel Mobile, the provider for Beeline mobile network in Vietnam.

The Ministry of Industry and Trade said that the power supply will be sufficient for this summer.

Carmakers gathered in Beijing for China's leading auto show, seeking an edge in the world's largest automobile market.

Facebook struck a $550 million deal to get its hands on hundreds of AOL patents from Microsoft..

Despite transferring the ownership of the Hoa Sen vessel, Vinashinline continues to owe the crew billions of VND in wages.

Many manufacturers are compelled to agree to provide high commissions and numerous fees to supermarkets in order for their products to find their place on the latter’s shelves.

An economist says that the recent petrol price hike is unlikely to affect the Government's target on curbing inflation to less than 10%.

The stock market is showing signs of a rebound as liquidity and share appear to be on a quick rising.

Antonis Samaras, head of Greece's right-wing New Democracy party that is tipped to win May 6 elections, promised to revive the economy by lowering taxes and curbing waste.

The Ministry of Natural Resource and Environment’s statistics show that only 299 non-Vietnamese nationals had bought homes in the country.

Hanoi is seeking over VND161 trillion of investment to convert itself into a national and regional big trade centre.