Business

Emirates Airline has launched a daily nonstop service from Dubai to HCM City as the carrier continues to expand its business in Southeast Asia.

The IMF's top economist said banks holding Greek debt could be forced to take larger writedowns than planned.

Travel agencies providing international tourism services this year may have to pay a deposit twice the current VND250 million (USD11,900), according to a draft decree.

The euro is unlikely to "vanish" this year, IMF chief said, but warned a report this month will show the global economy growing slower than the 4.0% estimated in September.

The Vietnam National Petroleum Corporation asked the Ministry of Finance for approval to determine its fuel price.

Vietnam committed a total of $10.8 billion of investment in 627 projects in 55 countries and territories around the world by late 2011, the Ministry of Planning and Investment reports.

The year of 2011 has seen the biggest human resource change at the top levels of Vietnamese banking sector.

Vietnam’s foreign reserves this year will increase to $15.81 billion from the $12.56 billion recorded last year, forecast JPMorgan Chase Bank.

Ho Chi Minh City continue to lead the country in industrial production in 2011 with a value of nearly VND740 trillion (USD35.17 billion).

PetroVietnam topped the list of average salaries of state-owned corporations, many of which were exorbitant.

Detroit's Big Three automakers posted solid December US sales, driving a strong 2011 performance.

China said it had uncovered 530.9 billion yuan ($84 billion) in misused funds in an audit of local government debts, as it moves to clean up "problem" financing.

Hanoi received a proposal to allow using housing of stagnant resettlement projects for urgent projects.

Business optimism in Vietnam fell sharply in the year 2011, but remained in positive level, says a report of Grant Thornton.

Vietnam must increase the export value by 13 percent and keep the trade deficit at 12 percent in 2012, says Prime Minister Nguyen Tan Dung.

The Vietnamese stock market is expected to face continued challenges in 2012 due to high inflation and market instabilities.

Air travel has never been safer despite the steadily rising number of passengers worldwide, a new report revealed.

While the Vietnamese retail market is considered to be highly profitable by foreign distributors, locally-made products still have little presence in the lucrative market.

Many low-cost retail petrol stands have recently been popping up on the streets of Nha Trang.