Business

Crisis legislation to yank the nation past the threat of a historic financial default sped through the House, breaking weeks of deadlock.

Vietnam is in desperate need to restructure its banking system in order to heighten its financial security, an official has urged.

Foreign investors are seeking to develop a casino project on Phu Quoc Island.

The recently-approved Hanoi Master Plan may lead to the cancellation of around 750 infrastructure projects.

Construction of a road that will link Noi Bai international airport with Nhat Tan bridge started August 1.

British-based banking giant HSBC has announced it will sell 195 retail branches to First Niagara Bank for an estimated $1 billion.

President Obama and congressional leaders announced agreement on an emergency deal to avert the nation's financial default.

The Joint Venture Vietsopetro has invested hundreds of millions of USD in modern drilling rigs, hoping to pump 6.3 million tonnes of oil in 2011.

Republican congressional leaders and President Barack Obama made a last-minute stab at compromise to avoid a government default.

Vietnam’s southern hub generated over US$15 billion in exports during the first seven months of this year, a surge of 21.7% against the same period last year.

The construction of 12 hydropower dams along Mekong River’s lower mainstream is expected to cause Vietnam an annual loss of up to USD1 billion.

The price of gold in Vietnam jumped to an all-time high of VND40.15 million a tael (1.2 ounces) on July 30 as global price surged.

Hundred of Japanese businesses seeking investment opportunities in Vietnam gathered at a seminar in Bien Hoa City on July 29.

Vietnamese commercial banks have announced huge profits in the first six months of the year despite a 20% credit growth cap.

US lawmakers set the stage for a frantic beat-the-clock effort to avert a catastrophic debt default.

Vietnam looks set to spend a hefty USD42.5 billion over the next 10 years developing tourism infrastructure and products to prop up the industry.

British pay-TV giant BSkyB said that James Murdoch will remain chairman despite the phone-hacking row at main shareholder News Corp.

Vietnamese travellers once selected China as their favourite destination, but now they tend to go to Thailand, Singapore, Japan or South Korea.

Vietnam saw modest economic growth in the second quarter of 2011 due to tight monetary policies, an ADB report said.