Business

Microsoft said its annual profit soared on record revenue thanks in part to hot demand for its Xbox 360 videogame console gear and online network.

Eurozone leaders and private creditors agreed to give Greece a new 159-billion-euro bailout to prevent the debt crisis from spreading worldwide.

Vietnam will struggle to restrain inflation at 17% in 2011, said a National Assembly official.

The Vietnamese government has promised to continue to cut public spending in the second half of this year, said an official.

Eurozone leaders entered a critical summit on Thursday eyeing a deal to reduce Greece's debt mountain.

Many Vietnamese steel plants are on the verge of bankruptcy due to unsold inventories and big debts.

Vietnam plans to set up a national automobile centre in Chu Lai Economic Zone in Quang Nam province with an initial capital of $500 million.

The State Bank of Vietam has purchased $4.8 billion since the beginning of the year, Governor Nguyen Van Giau has revealed.

Four mobile providers want to withdraw the remaining 50% of their deposits for 3G services to invest in infrastructure.

Mobile service providers have developed eight million 3G subscribers in Vietnam, narrowing the digital gap between urban and rural areas.

The Consumer Price Index increased by 1.32% from the previous month, and up 21.55% on-year, according to the Hanoi Statistics Office.

After complaining about large losses, the state-owned Vietnam National Petroleum Corp released financial reports that show a profit.

Apple on Tuesday reported that revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled.

Turkish Airlines has increased the number of its services to Ho Chi Minh City seven a week.

Vietnam’s wind power capacity is significantly potential, but its growth rate is deferred by many difficulties.

Many Chinese traders have enhanced co-operation with Vietnamese partners to boost their buying of products.

Authorities have hauled up Best Buy company based in HCM City for broadcasting without the requisite clearances and ordered it to stop airing.

Enterprises in Hanoi's industrial zones managed a turnover of USD1.9 billion between January and the middle of July, an agency said.

Many businesses are facing exorbitant interest rates from loan sharks having failed to access bank loans.