Business

The European Union said the debt crisis is now striking at the heart of the eurozone and the central bank threw out lifelines on Thursday.

Newly-elected Minister of Transport Dinh La Thang said he needed a ‘breakthrough’ mechanism and full empowerment to transform the sector.

Debt, growth and credit ratings dominated markets which rallied slightly as the European Central Bank faces up to a new eurozone crisis.

Hanoi's Department of Planning and Architecture on August 3 announced plans for an urban rail system.

The Electricity of Vietnam Group owes VND10 trillion, which may soon lead to a power price increase.

The domestic gold price hit an all-time high of VND41.32 million per tael following increased purchases by a number of central banks.

The 12th National Assembly Economic Committee proposed a halt to the establishment of new economic groups.

The Ministry of Finance has decided to raise coal export tariffs from the current 15% to 20% beginning September 11.

Unclear guidelines for petroleum trading has prevented traders from cutting prices in June, said a Petrolimex official.

China warned Wednesday that tortured efforts to raise the US limit on borrowing had failed to defuse Washington's "debt bomb".

Domestic gold prices increased by VND700,000 per tael to approx VND41 million per tael on August 3.

There is room for a lot more co-operation among tourist regions in Vietnam despite the efforts by local authorities in recent years.

Google is a latecomer to social networking but its new site, Google+, is growing much more rapidly than Facebook, Myspace and Twitter, experts said.

A meeting to mark the 35th anniversary of Vietnam-Thailand diplomatic ties was held in Ho Chi Minh City on August 2.

Many commercial banks have reported major profits in the first half of 2011, despite businesses facing difficulties.

The US President signed an emergency austerity bill that averted a debt default, but warned the contentious plan was "just the first step".

Vietnam shipped 636,344 tonnes of rice worth over USD305 million in July, with more than half the amount exported to Asian markets, an agency said.

Vietnam’s consumer confidence index fell sharply in the 2nd half this year, according to the results of a new survey.

The central mission of the government in the 2011-2016 term is making a breakthrough in three week points, said PM Nguyen Tan Dung.