Business

Energy groups have expressed their concerns regarding excessive loan interest rates and capital shortages, a recent seminar heard.  

The Vietnam Civil Aviation Administration has granted a license to Vietstar Airlines, the country’s seventh carrier.

Investors will also have the right to buy gold bullion, the State Bank of Vietnam has said following a change of mind, but it will have to only from banks and licensed firms.

Despite being built five years ago, villas worth tens of billions of dong in Bac Linh Dam area still lack any access roads.

The first quarter has seen a drop in confidence among business leaders and consumers about the national economic prospects, according to a survey.

Hanoi and HCMC’s consumer price index have increased more slowly, according to the cities’ statistics offices.

The number of representative offices of foreign travel firms in HCM City has fallen to seven from 11 last year due to restrictions.

Europe promised to unblock existing bailout loans for Greece and draw up a second financial rescue as long as its parliament approves fierce new budget cuts and a raft of asset sales.  

Vietnam Airlines will open a direct air route to the UK on December 8.

Vietnamese banks are considering M&A as the last resort for their survival amid increasing bad debt.

European finance chiefs launched crunch talks to avert the default of Greece amid fears of a domino effect rippling across the eurozone.

European finance chiefs launched crunch talks Sunday to avert the default of debt-stricken Greece amid fears of a domino effect rippling across the eurozone.  

Many Vietnamese seafood exporters are facing bankruptcy due to unfair competition from China.

A global economic recovery could falter unless Europe averts sovereign defaults, the U.S. gets its fiscal house in order, the IMF warned.

Farmers in the central region are facing a shortage of rice seed for the summer-autumn rice crop, which will be grown 25-35 days late.

Tight monetary and fiscal policies will be prioritised in 2012 in order to continue taming inflation, said PM Nguyen Tan Dung.

Embattled Greek PM George Papandreou picked a team of battle-hardened political veterans to carry out deeply unpopular austerity measures.

Greek Prime Minister George Papandreou axed his finance minister Friday amid the country's crippling dead crisis, a spokesman said.

The State Bank of Vietnam has requested commercial banks to strictly conform to regulations on VND deposit interest rates.