Business

Despite repeatedly complaining of losses over the last few years, EVN has paradoxically posted strong growth in revenue during these 'loss' periods.

Commercial banks are striving to applying several risk control measures, essentially improving credit quality and reducing bad debt, as they confront a worsening problem with non-performing loans.

The Government Inspectorate found that Song Da Group has committed misconducts worth over VND10.676 trillion.

The inefficient use of capital is to blame for the recent spate of business bankruptcies, said Minister Vu Duc Dam.

Top Japanese electronics producers are exposed to great tectonic changes, an economist said.

Domestic coffee businesses continue hit snags as farmers still speculate products and sell them based on rumours.

The Government requested the restructuring of Vietnam Development Bank to heighten efficiency.

Foreign-invested banks in Vietnam reported a considerable rise in their profits in 2011 despite the economy recession.

Eurozone nations are set to clash over boosting the zone's "firewall" against its debt crisis, as Spain's fiscal woes stokes fears that the bloc could yet be pitched into a new emergency.

Since mid-2009, the number of Vietnam-invested projects in Cambodia has doubled with a total amount of capital rising five times compared to the period before 2009.

While the CPI is not expected to rise much, consumers and businesses are still facing difficulties.

An investigation has been launched into state-owned firm Vicem, after they reported debts totaling thousands of billions of VND.

Workplace abuses were uncovered in an audit that equated to "a full body scan" of three Chinese factories pumping out coveted Apple gadgets, independent investigators reported.

Vietnam's textile and garment sector is likely to face challenges this year to reach its target of USD18.5-19 billion export turnover, said an official of the Vietnam Textile and Apparel Association.

Owners of mini-apartments in Hanoi are finding it difficult to gain land use certificates.

Index of industrial production in the first quarter of this year surged only 4.1% over the same period last year, the General Statistics Office reported.

Over 2,200 enterprises nation-wide had filed for bankruptcy from the start of the year until March 21, a report said.

The Can Tho municipal government will act as an arbitrator in the settlement of debts owed by Bianfishco, an official said.

Facebook has warned potential investors that a patent lawsuitagainst the company by Internet pioneer Yahoo! could deliver a significant blow to its business.